Industry Background:
Lip glaze is a make-up products used by women to make their lips shiny and attractive by hydrating and moisturizing them. Often, lip glaze is preferred by women who don't like to put heavy make-up. Also, demand for lip glaze is gaining traction among working professionals which further offers huge opportunity for manufactures. Additionally, growing inclination towards organic lip glaze products is changing the lip glaze market dynamics which in turn is expected to make the competition tough among various leading players.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | L'Oreal (France), PG (United States), Estee Lauder (United States), Relvon (United States), LVMH (France), Shiseido (Japan), Chanel (France), ROHTO (Japan) and Beiersdorf (Germany) |
According to AMA, the market for Lip Glaze is expected to register a CAGR of 5.7% during the forecast period to 2030. This growth is primarily driven by Changing Consumer Preferences and Fashion Statement Among Women and Rising Demand for Lip Glaze Among Young Women Owing to Ease in Use.
Globally, a noticeable market trend is evident Growing Endorsement of Lip Glaze by Celebrity
Major Vendors, such as L'Oreal (France), PG (United States), Estee Lauder (United States), Relvon (United States), LVMH (France), Shiseido (Japan), Chanel (France), ROHTO (Japan) and Beiersdorf (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Key Developments in the Market:
In February 2020, Kendo Holdings, Inc., a division of LVMH, launched a vegan lip gloss called KVD Vegan Beauty XO Vinyl Lip Cream and a blush collection named KVD Vegan Beauty Everlasting Blush that includes 6 shades. These products are available on the company’s e-commerce platform Sephora.com and in-store at Sephora.
In May 2022: Thread Beauty Launches the Vegan Lip Gloss Collection "Gloss It." The collection comes in five shades and can be used as an eye topper and cheek highlight. Gloss-It Lip Gloss delivers a sheer, high-shine, light-reflecting, glossy pout with a tint of color every single time. Available in five juicy shades, each is packed with lip-nourishing ingredients for a non-sticky pucker.
Influencing Trend:
Growing Endorsement of Lip Glaze by Celebrity and Rise in Demand for Organic Lip Glaze Products
Market Growth Drivers:
Changing Consumer Preferences and Fashion Statement Among Women and Rising Demand for Lip Glaze Among Young Women Owing to Ease in Use
Challenges:
Growing Sales of Counterfeit Lip Glaze Products and Rising Dominance of Local Players
Restraints:
Availability of Alternative to Lip Glaze and Side Effect such Dry Skin, and Dead Skin Associated with the Use of Lip Glaze
Opportunities:
Increasing Online Sales of Lip Glaze and Introduction of Various Variants Products in Lip Glaze
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Lip Glaze Market
- Analysis about New Entrants in Lip Glaze Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Lip Glaze Study Sheds Light on
The Lip Glaze Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lip Glaze industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lip Glaze industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.