NEW YORK, Dec. 1, 2021 /PRNewswire/ -- Europe is expected to dominate the lip gloss market during the forecast period, with a share of 36%. The market is estimated to grow by USD 703.21 mn from 2021 to 2026, accelerating at a CAGR of 4.58%.
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Market Dynamics
The lip gloss market is driven by factors such as the launch of innovative products to gain consumer interest, growing spending on beauty products, and celebrity endorsement. However, the threat from counterfeit products is hindering the market growth.
Company Profiles
The lip gloss market report includes information on the product launches, sustainability, and prospects of leading vendors, including Ariel Laboratories, CHANEL Ltd., Coty Inc., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Mary Kay Inc., Revlon Inc., Shiseido Co. Ltd., The Clorox Co., and The Estee Lauder Co. Inc.
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Competitive Analysis
The competitive scenario provided in the lip gloss market report examines, assesses, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
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Market Landscape
The global lip gloss market was a fragmented industry that was in a phase of growth in 2021. By 2026, the market structure would remain fragmented. Moreover, its lifecycle stage would continue to be in the growth phase. Technavio classifies the global lip gloss market as a part of the global personal products market within the global household and personal products market. The parent market, which is the global personal products market, comprises products and companies engaged in research and development (R&D) and production of personal and beauty care products, including cosmetics and perfumes.
Market Segmentation
Related Reports
Lip Gloss Market Scope |
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Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.58% |
Market growth 2022-2026 |
USD 703.21 million |
Market structure |
Fragmented |
YoY growth (%) |
3.66 |
Regional analysis |
Europe, APAC, North America, South America, and MEA |
Performing market contribution |
Europe at 36% |
Key consumer countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Ariel Laboratories, CHANEL Ltd., Coty Inc., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Mary Kay Inc., Revlon Inc., Shiseido Co. Ltd., The Clorox Co., and The Estee Lauder Co. Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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