Lip Stains Market Size, Share, Growth, and Industry Growth by Type (Shimmer, Gloss, Lip stain, and Others), By Application (Daily Use and Performing Use), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Lip Stains Market REPORT OVERVIEW

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The global lip stains market size was USD 6642.8 million in 2021 and market is projected to touch USD 12063.34 million by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period.

A lip stain is a cosmetic product that is used to color the lips. It is commonly available in form of a liquid or gel. It usually stays on longer than lipstick by leaving a stain of color on the lips.

Growth in the cosmetic industry is anticipated to fuel market growth. Increased awareness about lip coloring and rising trends in makeup are estimated to propel market growth. Increased disposable income and the high spending capacity of the consumer are predicted to surge market growth. The product is available in different colors and textures. Such broad varieties of products are expected to expand lip stains market growth over the forecast period. Increased demand for long-lasting lip products is projected to drive market progress. High demand for safe lip products is predicted to fuel market progress. However, the high cost and presence of alternatives in the market are projected to hamper the market growth.

COVID-19 Impact: Growing Demand to Wear Masks and Lack of Production to Hamper market Growth

An outbreak of the COVID-19 pandemic affected market growth owing to lockdown restrictions. Closure of stores and malls worldwide to hamper the market growth. Lack of resources and growing demand for employee safety to declined market growth. Social distance protocols and increased demand to wear a mask reduced market growth. Supply and chain disruption and lower production units reduced market growth during the pandemic period. 

LATEST TRENDS

"Growth in Cosmetic Sector to Foster Market Growth"

Increasing demand for cosmetics and make-up is anticipated to surge market growth. Further, a wide assortment of products available in the market such as shimmer, gloss, lip stain, and others are predicted to expand market growth. The presence of herbal and organic lip products in the market is anticipated to fuel market growth. In addition, the product contains other benefits such as moisturizing and healing lips are estimated to accelerate market growth. The product is available in different shades which attracts more consumers. The product can be applied during parties or any special occasion. These factors are anticipated to surge the lip stains market growth over the forecast period.

Lip Stains Market SEGMENTATION

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• By Type

Based on type, the market is divided into shimmer, gloss, lip stain, and others.

Gloss is estimated to be the leading part of type segmentation.

• By Application

Based on application, the market is classified into daily use and performing use.

Daily use is estimated to be the leading part of application segmentation.

DRIVING FACTORS

"Increasing Demand and Growing Awareness about the Benefits of the Product to Incite Market Growth"

A rise in demand for lip stains is predicted to fuel market growth. The product consists of pigments suspended in oils, waxes, or petrochemicals. It is long-lasting and can be easily removed with soap or water. They are available in different colors and several textures are projected to drive market growth. Further, increased disposable income and growing spending capacity for beauty products are anticipated to fuel market growth. Further, the product can be used in daily applications. The product gives natural look and gives medium coverage. Such advantages of the product are anticipated to fuel lip stains market growth in the forthcoming years.

"Growing Popularity and Expansion of Distribution Channels to Incite Market Growth"

The increased popularity of the product is predicted to surge market growth. Expansion of distribution channels such as supermarkets, online stores, specialty stores, and hypermarkets. Increased demand for long-lasting lip products is anticipated to fuel market growth. The growing popularity of the product and high demand for makeup products is predicted to fuel market growth. Further, strong marketing strategies and offers are available in the product is estimated to expand market progress. In addition, the presence of store associates to guide the customers to choose the right shades for the customers is predicted to fuel market growth. Growing internet penetration and increased beauty influencer is projected to drive lip stains market growth.

RESTRAINING FACTORS

High costs and the presence of alternatives in the market are projected to hamper the market growth in the forthcoming years.

Lip Stains Market REGIONAL INSIGHTS

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"Increased Disposable Income in North America to Drive Market Share "

North America is anticipated to hold the largest lip stains market share owing to increased disposable income. Growth in the cosmetic industry is anticipated to fuel market growth. Increased awareness about lip coloring and rising trends in makeup are estimated to propel market growth. The product is available in different colors and textures. Such broad varieties of products are expected to expand market growth over the forecast period. Increased demand for long-lasting lip products is projected to drive market progress. High demand for safe lip products is predicted to fuel the market in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Revlon (U.S.)
• L’Oreal Group (France)
• PG (U.S.)
• E.L.F (U.S.) 
• Estee Lauder (U.S.)
• YSL (France)
• Shiseido (Japan)
• Maybelline (U.S.)
• Chanel (U.K.)
• Avon (U.K.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.