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Lip Powder Market is projected to reach US$ 592.1 Million by 2027 - Comprehensive Research Report by FMI

Lip Powder Market - Analysis, Outlook, Growth, Trends, Forecasts

/EIN News/ -- DUBAI, United Arab Emirates, Jan. 17, 2022 (GLOBE NEWSWIRE) -- As per newly released data by Future Market Insights (FMI), the lip powder market is estimated at US$ 439.7 Mn in 2022 and is projected to reach US$ 592.1 Mn by 2027, at a CAGR of 6.1% from 2022 to 2027. The share of the lip powder market in its parent market (cosmetics market) is close to ~0.5%-2%.

Roughly equating US$ 350 Mn in 2022, the global Lip Powder Market revenue is poised to see an impressive growth outlook over next eight years. According to a market report published by Future Market Insights, titled ‘Lip Powder Market: Global Industry Analysis and Opportunity Assessment 2022-2027,’ lip powder products sales will account for a healthy CAGR of just-under 6% during the forecast period (2022-2027). APEJ (Asia Pacific excluding Japan) will continue to hold the highest revenue share in the lip powder market, says the report.

Potential Superiority over Lipsticks & Other Conventional Lip Products Accounts for Billowing Sales of Lip Powder

The lip powder market is yet to reach its peak of growth and currently reflects a high growth potential in the beauty and personal care products industry, as indicated in FMI’s study. Lip powder is considered the latest trend or evolution in lipsticks that offers several advantages over conventional lipsticks, which is among the key factors driving popularity of lip powder.

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Attribute Details
Estimated Lip Powder Market Size 2022 US$ 439.7 Mn
Projected Lip Powder (2027) Market Size US$ 592.1 Mn
Value CAGR (2022-2027) ~6.1%
Lip Powder Market Top Players Share in 2021. ~4%-7%

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.

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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.

Scope of the Report

Attribute Details
Forecast Period 2022-2027
Historical Data Available for 2013-2021
Market Analysis USD Million for Value
Key Regions Covered North America, Latin America, Europe, East Asia,

South Asia, Oceania & MEA
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand
Key Segments Covered Form, End User, Sales Channel and Region
Key Companies Profiled
  • L'Oréal S.A.
  • Maybelline LLC
  • M•A•C 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
  • Others (As Per Request)
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

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.

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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 report include Maybelline LLC, Urban Decay Cosmetics, BUXOM Cosmetics, Clinique Laboratories LLC, CLE COSMETICS, Lique Cosmetics Company, Revlon, Inc., Cult Beauty Company, CHANEL Company, Essence Cosmetics Company, Sephora USA, Inc., Huda Beauty Company, L'Oréal S.A., NYX PROFESSIONAL MAKEUP, and Christian Dior SE.

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Explore FMI’s Extensive ongoing Coverage on Retail and Consumer Domain 

Lip Scrub Market - The lip scrub market is set to witness steady growth during 2021-2031, with a CAGR of around 7.1% - 7.9%. Increasing awareness regarding personal care and grooming among female as well as male consumers is a key factor driving the growth.

Lipstick Market - According to the latest research by Future Market Insights, the lipstick market is set to witness steady growth during 2021-2031, registering a CAGR of around 6%.

Cosmetic Kaolin Powder Market - According to latest research by Persistence Market Research, cosmetic Kaolin powder market is set to witness steady growth over 6.5% during 2021-2031.

Powdered Hand Soap Market - Powdered Hand Soap is largely used in factories or where there is heavy use of machinery. It is because powdered soap has scrubbing agents that help to remove heavy stains of lubricants and other chemicals from hand.

Snail Beauty Products Market - With more than 8% of geriatric population which is expected to increase during the coming years, demand for multiple cosmetics products is expected to increase.

Makeup Remover Pen Market - Makeup remover pen quickly removes or corrects small makeup smudges, smears and mistakes without having to take off the rest of the whole makeup. There is an increase in the usage of makeup remover pen by the consumers due to its user friendly packaging.

Silicone Makeup Sponge Market - Beauty and Personal Care market is one of the fastest growing market owing to innovation in products as well as consumers are very conscious about their appearance these days.

Eyeliner Pen Market - Eyeliner pens have gained traction in the cosmetic industry owing to their simpler applicability with a wick-type nib pen which helps in enhancing women’s appearance.

Hand Sanitizer Spray Pen Market - Hand sanitizer spray pen market will show a healthy growth as across the health and hygiene industry due to is convenient packaging which makes consumes to carry it easily.

Shaving Pen Market - Shaving pen being a niche market, manufacturers for shaving pen have been taking efforts on promoting the product among its target customer through various promotional strategies.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/lip-powder-market
Press Release Source: https://www.futuremarketinsights.com/press-release/lip-powder-market


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