Lip Gloss Market Research Report - Global Forecast till 2027

Global Lip Gloss Market Research Report: Information By Finish (Glossy, Matte, Glitter and Others), Category (Conventional and Organic & Natural), Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores and Others} and Non-Store Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/CR/8907-HCR | February 2021 | Region: Global | 90 pages

Market Scenario


Global Lip Gloss Market size is projected to reach approximately USD 4.3 Billion by 2027, at a CAGR of 4.7% from 2020 to 2027. The demand for lip gloss is increasing owing to consumer inclination toward personal care products. Lip gloss is a type of lip makeup product. It is used to give lips a glossy luster and sometimes subtle color. Lip gloss with moisturizing properties hydrates the lips against dryness and cracks. It is also available in different colors. Various initiatives taken by manufacturers to expand their businesses in the lip gloss market are expected to drive the demand. For instance, in October 2020, MAC launched Powerglass Plumping Lip Gloss line with nine different shades. Also, Kat Van D Beauty (KVD), a brand of LVMH, launched vegan lip gloss in February 2020. Moreover, the rising awareness of personal grooming and appearance among the young population is also expected to uplift the market growth. The increasing demand for organic products among consumers across the globe is also creating an opportunistic market for the players in the lip gloss industry.


The production of lip gloss starts with the procurement of raw materials. Among these raw materials, some are produced in chemical plants or sourced through natural resources. As the world is under lockdown, the sourcing of raw materials is difficult because of the urgent measures to control the spread of the coronavirus, such as physical distancing and limitation on transportation. Also, the lip gloss does not fall under essential commodities. Hence, its production is limited as governments in various countries have ordered the manufacturing of essential products only. The availability of labor is also a crucial factor as the overall lip gloss manufacturing is facing a shortage of laborers. Manpower is required for sourcing the raw material, processing raw material into the final product until the packaging, and transporting the final product to the consumers. The migration of laborers to hometowns due to lack of availability of work is one of the major issues that every country is facing during the pandemic.


Market Synopsis


The global lip gloss market has witnessed moderate growth in recent years. In recent year, social media is playing a critical role in driving the demand for cosmetics among the youth. Blogs posted on social media platforms in favor of cosmetics are highly influencing the growth of the market. The rising number of consumer stores, increasing brand visibility, along with changing consumer habits, has escalated the demand for lip gloss. To cater to the trending consumer needs, market players are focusing on the launch of innovative products. Moreover, manufactures have adopted innovative and unique packaging solutions, which help to expand the consumer base.


Market USP


Availability of products in different finish


Market Drivers



  • Increasing per capita disposable income: Increase in per capita disposable income has led to a change in consumer spending behavior. The presence of premium, as well as high-end brands, are found to raise the lip gloss market share globally. Increasing demand for the product is having a positive impact on the trade of lip gloss. Consumers of both developed and developing economies are found to have more inclination towards the adoption of a modern lifestyle, which includes spending on quality beauty and cosmetics products.

  • Improved technology leading to the growing demand for luxury lip makeup products

  • Growing working women population

  • Impact of social media

  • Growth of the organized retail sector in developing countries


Market Restraints



  • Rising consciousness about toxic ingredients in cosmetics


Segmentation


By Finish



  • Glossy: This segment accounted for the largest market share in 2019 and is projected to grow at a moderate pace during the forecast period. The wide availability of product among various manufacturers is anticipated to drive the demand for glossy lip gloss among consumers.

  • Matte

  • Glitter

  • Others


By Category



  • Conventional

  • Organic & Natural: This segment accounted for the lower market share in 2019 and is projected to grow at the highest rate during the forecast period. The growth of this segment can be attributed to the growing product demand for salon services.


By Distribution Channel



  • Store-Based: The store-based segment has been further divided into supermarkets and hypermarkets, convenience stores, and others. The supermarkets and hypermarkets sub-segment is expected to be the largest as these channels account for the maximum sales of lip gloss. Convenience stores also play a significant role in the distribution of lip gloss.

  • Non-Store-Based


By Region



  • North America

  • Europe: Europe accounted for the largest share of the global lip gloss market in 2019 and is expected to show the same trend during the study period. The growth of the lip gloss market is attributed to various factors. Improvements in the current lifestyles of the consumers are majorly affecting the growth of the market. Consumers have now become conscious regarding the usage of cosmetics in their daily life, which escalates the sales of lip gloss in European countries.

  • Asia-Pacific: Asia-Pacific is anticipated to expand at the highest growth rate during the forecast period. The rising population in the developing economies, along with the increasing disposable income of the population, is anticipated to positively influence the growth of the lip gloss market in the Asia-Pacific region.

  • Rest of the World


Key Players



  • L'Oréal (France)

  • LVMH (France)

  • Chanel (UK)

  • Procter & Gamble (US)

  • Revlon (US)

  • The Estée Lauder Companies Inc. (US)

  • Coty Inc. (US)

  • Shiseido Company (Japan)

  • MAKEUP ART COSMETICS (M.A.C.) (US)

  • ColourPop Cosmetics (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4.3 Billion
  CAGR   4.7% (2020 to 2027)
  Base Year   2019
  Forecast Period   2020 to 2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Finish, Category and Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   L'Oréal (France), LVMH (France), Chanel (UK), Procter & Gamble (US), Revlon (US), The Estée Lauder Companies Inc. (US), Coty Inc. (US), Shiseido Company (Japan), MAKEUP ART COSMETICS (M.A.C.) (US), ColourPop Cosmetics (US)
  Key Market Opportunities

  • The rising awareness of personal grooming and appearance among the young population is expected to uplift the market growth
  • The increasing demand for organic products among consumers across the globe is also creating an opportunistic market for the players in the lip gloss industry
  •   Key Market Drivers

  • Increasing per capita disposable income
  • Improved technology leading to the growing demand for luxury lip makeup products
  • Growing working women population