Global Lip gloss Market is expected to foresee significant growth. Europe to lead the market!

Global lip gloss market is expected to grow with a CAGR of around 4% during the forecast period (2021-2027). It is mainly owing to rising number of lip care product and growing disposable income of female population due to surge in the female working population fueled the preference for beauty product.

Lip gloss is a cosmetic used primarily to give lips a glossy lustre, and sometimes to add a subtle color. It is distributed as a liquid or a soft solid finish. The product is available in ranges of opacity from translucent to solid, and can have various frosted, glittery, glossy, and metallic finishes. The demand for lip gloss is increasing owing to the rising number of advertisements that promote lip gloss products coupled with celebrities’ endorsements on television and social media platforms are likely to expand the lip gloss market.

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The coronavirus pandemic declared as public health emergency worldwide by World Health Organization (WHO). Government across nations implemented lockdown and ban on travelling, shutdown of manufacturing industries, commercial activities this had severely disrupted the supply chain.

Also, covid-19 had negatively impacted the lip gloss market. The disruption in procurement of raw material halt the production of lip gloss coupled with shutdown of chemical industries has negatively impacted the market of lip gloss. Hence, lip gloss had witnessed major slumped during Covid-19. Moreover, government mandated the adoption to cover nose and mouth with face mask had further impacted the demand for lip gloss and lip care product.

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Based on finish, the lip gloss market is segmented into glossy, matte, glitter, and others. The glossy lip gloss segment captured significant share in the market owing to the various advantage of lip gloss such as glossier finish and thicker texture than lipsticks. In addition, lip glosses tend to come off faster than lipsticks.

Based on category, the lip gloss market is classified into conventional, organic & natural. The conventional segment holds the considerable market share. It is mainly owing to easy availability of the lip gloss in economical price enhanced the adoption of conventional lip gloss. However, the organic segment is expected to capture considerable presence in the forecast period due to rising consumer preference of vegan and natural ingredients in lip care product.

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Europe holds the significant market share owing to the high spending populace on makeup product coupled with presence of prominent players.

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Some of the major players operating in the market include Revlon, NARS Cosmetics, Chanel, KANEBO, TONYMOLY, Etude House, Bourjois, Estee Lauder, Procter & Gamble, Loreal. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

Global Lip Gloss Market Segmentation

Market Insight, by Finish

• Glossy
• Matte
• Glitter
• Others

Market Insight, by Category

• Conventional
• Organic & Natural

Market Insight, by Distribution Channel

• Offline Segment
  • Supermarket & Hypermarket
  • Convenience store
  • Specialty Store
  • Others
• Online Segment

Market Insight, by Region

• North America Lip Gloss Market
  • United States
  • Canada
  • Rest of North America
• Europe Lip Gloss Market
  • Germany
  • United Kingdom
  • Spain
  • Italy
  • France
  • Rest of Europe
• Asia-Pacific Lip Gloss Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Lip Gloss Market

Top Company Profiles

• Revlon
  • NARS Cosmetics
  • Chanel
  • KANEBO
  • TONYMOLY
  • Etude House
  • Bourjois
  • Estee Lauder
  • Procter & Gamble
  • Loreal