Lip Stain Market Outlook 2024-2033: Trends and Projections

Overview and Scope

Lip stain refers to a cosmetic product designed to provide long-lasting color to the lips. It typically comes in liquid or gel form and is applied to the lips to impart a natural-looking tint. It offers a convenient and versatile option for those looking to enhance their lip color and achieve a natural, long-lasting look.

Sizing and Forecast

The lip stain market size has grown strongly in recent years. It will grow from $6.50 billion in 2023 to $6.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to consumer preferences and trends, celebrity endorsements and influencer marketing, rising awareness of cruelty-free and vegan products, globalization and access to international brands, social media influence.

The lip stain market size is expected to see strong growth in the next few years. It will grow to $9.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to environmental sustainability, customization and personalization trends, inclusive beauty standards, health and wellness trends, regulatory compliance and safety. Major trends in the forecast period include technological advancements in formulation, digital marketing and e-commerce growth, product innovation, personalization and customization, inclusivity and diversity.

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Segmentation & Regional Insights

The lip stain market covered in this report is segmented –

1) By Type: Liquid, Pencil, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels
3) By Application: Daily Use, Performing Use

North America was the largest region in the lip stain market in 2023. The regions covered in the lip stain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increasing awareness of personal grooming is expected to propel the growth of the lip stain market going forward. Personal grooming refers to keeping one’s body clean, maintaining hygiene, having well-groomed nails and hair, avoiding body odor, and dressing appropriately. Personal grooming is increasing due to several factors, including social norm shifts, a growth in awareness of the advantages of skincare products, and the popularity of social media and selfies. Lip stain is used in personal grooming because it provides a convenient, long-lasting, and natural-looking solution for enhancing the lips, contributing to an individual’s overall appearance and self-expression. For instance, in October 2022, a survey of 1000 men and women in the US conducted by the New York Post, a US-based newspaper, about the differences in how both genders take care of their hygiene discovered that while 73% of men and women stated taking care of their hygiene is simple, only one in ten women agreed. The majority of people (90%) favor washing their hands and bodies over brushing their teeth (87%) or using deodorant (84%). Men are more likely to maintain a schedule for trimming their nails (69%) and shaving their faces (74%). In contrast, women are more likely to prioritize bathing their ‘intimate areas’ (85%) and their skincare regimen (84%). Furthermore, in May 2022, according to the International Trade Administration, a US-based intergovernmental organization, In 2021, the Canadian cosmetics business is expected to earn approximately $1.24 billion. Revenue in the industry is expected to grow by 1.45% per year to $1.8 billion by 2024. Thus, the increasing awareness of personal grooming is driving the lip stain market.

Key Industry Players

Major companies operating in the lip stain market are LVMH Moët Hennessy Louis Vuitton, L’Oréal Group, Estée Lauder Companies, Chanel Inc., Shiseido Group, Sephora Collection, Neutrogena Corp., Amorepacific Corporation, Avon Products Inc., Maybelline New York , Kosé Corporation, Revlon Inc., Rom&nd Inc., Elf Cosmetics, NYX Professional Makeup Co., Essence Cosmetics Ltd., Urban Decay Cosmetics Co., Charlotte Tilbury Beauty Ltd., Colourpop Cosmetics LLC, CoverGirl , Milani Cosmetics LLC, Glossier Inc., Natasha Denona Makeup LLC , Pat McGrath Labs, Wet’n’Wild Sydney Pty Ltd.

The lip stain market report table of contents includes:

1. Executive Summary
2. Lip Stain Market Characteristics
3. Lip Stain Market Trends And Strategies
4. Lip Stain Market – Macro Economic Scenario
5. Global Lip Stain Market Size and Growth
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32. Global Lip Stain Market Competitive Benchmarking
33. Global Lip Stain Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lip Stain Market
35. Lip Stain Market Future Outlook and Potential Analysis
36. Appendix