The lip and cheek tint global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Lip And Cheek Tint Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The lip and cheek tint market size has grown strongly in recent years. It will grow from $1.46 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to changing lifestyle of the consumers for instant readiness and easy to carry products, increased versatility and convenience, increased non-greasy properties of lip and cheek tints to improve comfort and appearance, growing issues related to prolonged sun exposure, increased dryness, increased premature aging, and lip darkening, increased skincare benefits.
The lip and cheek tint market size is expected to see strong growth in the next few years. It will grow to $2.00 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing appearance focus amongst the working ladies, rising beauty consciousness, increasing demand for chemical-free and environmentally safe tints and the lightweight, the rising minimal makeup trend. Major trends in the forecast period include increasing demand for chemical-free and environmentally safe tints, rising product innovation, R&D in multipurpose tints, increasing technological advancements, research to develop good assessment techniques and products.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growing demand for cosmetics is expected to propel the growth of the lip and cheek tint market going forward. Cosmetics are substances or products applied to the body to enhance or alter the appearance without affecting the body’s structure or functions. They are in demand because they improve personal appearance, boost confidence, and meet societal beauty standards. Lip and cheek tint is a useful cosmetic for providing a versatile, natural-looking color enhancement for both lips and cheeks, creating a cohesive and long-lasting glow with minimal effort. For instance, in April 2023, according to L’Oréal S.A., a France-based cosmetic company, in Q1 2023, the dermatological beauty division experienced a 34.6% sales growth, reaching €1,685.7 million ($1815.07 million) from the previous year’s €1,252.7 million ($1348.84 million). Therefore, the growing demand for cosmetics is driving the lip and cheek tint market.
Market Trends –
Major companies operating in the lip and cheek tint market are developing new products, such as Korean Barbie Water Lip Tint, to enhance their position in the market. It embodies the trend of using lip tints for both lip and cheek enhancement, elevating natural beauty. For instance, in October 2022, Nurraysa, a Malaysia-based cosmetic brand, launched Korean Barbie Water Lip Tint. This product is enriched with Vitamins C and E, providing hydration and a natural red tint to enhance lip beauty. These essential vitamins aid in soothing, protecting against sun damage, and promoting overall lip health, ensuring your lips stay nourished and vibrant.
The lip and cheek tint market covered in this report is segmented –
1) By Type: Natural, Synthetic
2) By Flavor: Strawberry, Cocoa, Raspberry, Beetroot, Other Flavors
3) By Packaging Type: Glass Bottles, Stick Tubes, Laminate Tubes, Other Packaging Types
4) By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Online Retail, Convenience Store, Other Distribution Channels
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Regional Insights –
Europe was the largest region in the lip and cheek tint market in 2023. The regions covered in the lip and cheek tint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the lip and cheek tint market are LVMH Moët Hennessy Louis Vuitton, The Procter& Gamble Company, L’Oréal S.A., The Estee Lauder Companies Inc., Kao Corporation, Avon Products Inc., Revlon Inc., Benefit Cosmetics LLC, Fenty Beauty, NYX Professional Makeup, e.l.f. Cosmetics Inc., Glossier Inc., Charlotte Tilbury Beauty Ltd., Tarte Inc., Pat McGrath Labs, Maybelline LLC, Huda Beauty, ColourPop Cosmetics, Morphe Cosmetics, Jouer Cosmetics, Milani Cosmetics, RENEE Cosmetics Pvt. Ltd., COSRX, Soapworks Ltd., Skin Food Co. Ltd.
Table of Contents
1. Executive Summary
2. Lip And Cheek Tint Market Report Structure
3. Lip And Cheek Tint Market Trends And Strategies
4. Lip And Cheek Tint Market – Macro Economic Scenario
5. Lip And Cheek Tint Market Size And Growth
…..
27. Lip And Cheek Tint Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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