The overall valuation of the total lip powder is estimated to be around US$ 467.4 million. These days a strong demand for lip powder is being observed among women, which is projected to expand throughout the projection period at 5.8% CAGR. By 2033, the global lip powder market value is forecasted to reach US$ 821.4 million.
Phenomenal Growth in Lip Powder Sales is due to Potential Superiority over Other Conventional Products such as, Lippi
In FMI’s opinion, the innovative addition to traditional lip color has not yet reached its peak and represents an enormous opportunity for further growth in beauty and personal care industry. It’s not a mere flash in the pan. Lip powder, however, has something even more appealing that makes it rise so fast compared to the stick-and swipe. Simply put, prepare yourself for lip colors that are beyond the boundaries of ordinary lipsticks to introduce era velvety finishes weightless wears and customize coverage. Prepare yourself for the lip powder fad.
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Globally, the lip powder market is gaining traction due to the advantages of lip powder over conventional lipsticks. Lip powders are infused with hydrating oils and Vitamin E, which provide a smooth and long-lasting finish. One of the unique features of lip powder is the combination of matte and shimmer, which is hard to achieve with conventional lip products.
Unlike conventionally used lipsticks, lip powder gets absorbed into the lips and provide them with a smooth texture with long-lasting color and vibrant look. Introduction of innovative beauty products continues to encourage a large number of people to experiment with choices of products as well as brands, and lip powder marks one of the recent hottest trends in the beauty and cosmetic industry.
Product Innovations – Key to Success in Lip Powder Market
Currently, lip powders are available in the market in two forms – viz. palettes and pen. Both these forms are different by nature and by methods of application. Lip powder palettes that currently account for more than 55% of total sales will remain the strongest selling product category, according to FMI. The report attributes dominance of lip powder palettes over lip powder pens to higher convenience associated with the former.
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Rapid product innovations and the ever-evolving retail landscape are likely to be the key factors associated with strengthening of distribution channels, for leading players active in lip powder market.
However, lip powders have certain limitations, which are likely to restrain the growth of the market. These limitations include the perception or fear of exposing any flaws in the lip texture. Several consumers also doubt applicability of lip powder on a daily basis and find it gaudy over routine lipsticks. In addition, lip powder is yet to completely enter the comfort zone of a majority of women’s cosmetic regime, which will remain a challenge to rapid growth of the lip powder market.
Key Players in the Lip Powder Market Profiled in Report
Deep-dive analysis of strategic profiles of key companies operating in the lip powder market are covered in the global lip powder market report, in a bid to help participants understand and evaluate their key products offerings, strategies, and recent developments.
Some of the key participants profiled in the global lip powder market
- L’Oréal S.A.
- Maybelline LLC
- MAC Cosmetics
- By Terry
- NARS Cosmetics
- Stellar Beauty
- Urban Decay Cosmetics
- NYX PROFESSIONAL MAKEUP
- BUXOM Cosmetics
- Clinique Laboratories, LLC
- CLE COSMETICS
- Lique Cosmetics
- Revlon, Inc.
- Christian Dior SE
- Cult Beauty Ltd.
- CHANEL Company
- Essence Cosmetics
- Sephora USA, Inc.
- Huda Beauty
- Younique, LLC
Global Lip Powder Market Segmentation
By Form:
- Palettes
- Pens
By End User:
- Under 18 Age Group
- Up to 30 Age Group
- Up to 45 Age Group
- Above 45 Age Group
By Sales Channels:
- Specialty Outlets
- Convenience Stores
- Beauty Stores
- E-Retailers
- Other Sales Channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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