According to ResearchAndMarkets.com’s new report “Global Lipstick Market by Product Type (Gloss, Matte & Others), By Distribution Channel (Supermarkets/Hypermarkets, Departmental/Grocery Stores, Multi Branded Retail Stores & Others), By Region, Competition Forecast & Opportunities, 2013–2023,” the global lipstick market is expected to cross $17 billion by 2023 due to the rising number of product innovations, increasing disposable income and rising demand from young and working women across the globe.
Other market factors driving the lipstick market globally are the increasing preference for organic cosmetics, rapid urbanization and increasing internet usage, coupled with the growing demand for lipsticks across major developing countries.
Additionally, marketing strategies such as advertisement of products on social networking sites such as Facebook, Twitter, YouTube and other websites by lipstick manufacturing companies are anticipated to further aid the global lipstick market over the coming years.
The report discusses the following aspects of lipstick market globally: lipstick market size, share & forecast; segmental analysis – by product type (gloss, matte & others), by distribution channel (supermarkets/hypermarkets, departmental/grocery stores, multi branded retail stores & others), by region; competitive analysis; and changing market trends and emerging opportunities.
Companies featured in the report include L’Oreal International, Christian Dior SE, Shiseido Company Limited, The Este Lauder Companies Inc., Revlon Inc., Coty Inc., Avon Products Inc., INGLOT Cosmetics, Chanel S.A. and ABLE C&C Co. Ltd.
For more information on the report, click here.