Lip Powder Market Research, 2032
The global lip powder market was valued at $1689.8 million in 2022, and is projected to reach $2988.8 million by 2032, growing at a CAGR of 6.2% from 2023 to 2032. Lip powder is a lip color in powdered form, which gives different feel and finish than classic lipstick cream, stain, or liquid. It is made from silica that helps create an even spread. It also contains coconut oil, glycerin, and vitamin E for hydrating the lips.
The pigment-packed dust present in the lip powder melts onto the lips and creates a thin layer of matte or metallic color on lips after application.
The lip powder market is predicted to expand significantly during the forecast period as a result of various factors, including rising demand for natural and organic cosmetic products, increasing awareness of cruelty-free beauty products, and the growing popularity of matte lip colors. The increase in need for natural and organic beauty products is one of the primary drivers of the lip powder market growth. Consumers are becoming more aware of the potential detrimental consequences of certain chemicals present in typical cosmetics products, urging them to seek out for more natural and organic alternatives. Lip powder is manufactured from natural ingredients and is free of hazardous substances, which makes it an attractive option for such customers. Another factor boosting the growth of the lip powder industry is the growing popularity of matte lip colors. Matte lip colors are extremely pigmented and provide a long-lasting, smudge-proof finish. Lip powder, which may be applied as a matte finish, is a great option for customers who prefer this kind of lip color.
The lip powder industry is projected to face considerable challenges due to the complexities in its application. The proper application of lip powder requires a certain level of expertise and practice, which could hinder potential customers from adopting this new product. Furthermore, another major issue is that lip powder may not be suitable for all skin types. Lip powder application may result in undesirable effects such as excessive dryness of the lips or even irritations. Concerns over potential skin reactions and application difficulties hinder its widespread adoption. In addition, the shift towards minimalistic makeup routines and the availability of established alternatives contribute to a challenging competitive landscape. Overcoming these barriers requires a focus on product safety, ease of use, and effectively differentiating lip powders from existing options. Therefore, leading players in this market need to recognize and resolve these difficulties in order to boost the demand for lip powder and provide a more inclusive and user-friendly experience for all prospective customers.
Lip powder, one of the innovative beauty products has acquired a lot of attention nowadays, due to rising customer desire for various, long-lasting, and personalized lip products. Lip powders offer a unique blend of qualities that set them apart from traditional lipsticks and glosses, creating a specialized market. In addition, the availability of an extensive range of lip powder colors and varieties meet the various preferences of clients. Lip powder can also be used over liquid or cream lipstick to improve the appearance and deepen the color. Increase in awareness about appearance among working-class women further drives the growth of the lip powder market demand. Working-class women prefer lipstick colors that long lasting. Increase in disposable income also allows consumers to purchase branded cosmetic products. All these factors are anticipated to create excellent opportunities for the key players operating in the Lip Powder Market Forecast years.
The key players profiled in this report include L’Oreal, The Estee Lauder Companies Inc., Revlon, buxom cosmetics, Clinique, CHANEL, Shiseido Company, Limited, Essence Cosmetics, By Terry Paris, and Sephora. Investment and agreement are common strategies followed by major market players. For instance, in February 2018, NARS COSMETICS collaborated with fashion designer Erdem Moralioglu to produce the 13-piece odd flower collection, which comprised the poison rose lip powder palette in six distinct colours, as well as eye and cheek products..
The lip powder market is segmented on the basis of type, end user, distribution channel, and region. By type, the market is divided into lip powder palettes and lip powder pen. By end user, the market is classified into Under 18 years old, 18-30 years old, 30-45 years old, and above 45 years old. By distribution channel, the market is classified into online and offline. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The lip powder market is segmented into Type, End User and Distribution Channel.
By type, the lip powder palettes sub-segment dominated the market in 2022. Lip powder palettes are growing in popularity due to a combination of compelling driving factors. These palettes provide a dynamic and varied alternative for consumers who want to try out a variety of lip styles. They provide an affordable way to create unique lip looks, catering to various occasions, by incorporating many colors into a single compact. The current trend towards personalization in the beauty sector has significantly contributed to the popularity of lip powder palettes. Moreover, the convenient and portable design of these palettes effortlessly matches the modern, fast-paced lifestyle of being on-the-go, allowing users to effortlessly transition between different lip styles. These are predicted to be the major factors boosting the lip powder market size during the forecast period.
By end user, the 30-45 years old sub-segment dominated the global lip powder market share in 2022. This age group values products that offer a balance between trendy innovation and practicality. Lip powder's versatile nature allows them to transition effortlessly from professional settings to social engagements, catering to their multifaceted lifestyles. The significance of social media and beauty influencers also plays a major role in spreading awareness among this age group regarding the new cosmetic products. The 30-45 years age group often have busy lives, and the ease of using lip powder fits well with their on-the-go routines. In addition, the versatility of lip powder allows them to achieve various looks, from a subtle tint to a bolder shade, giving them the flexibility to match their style at different occasions. Therefore, the ease of application and ability to create different lip looks drive people in this age range to embrace and enjoy using lip powder.
By distribution channel, the online sub-segment dominated the global lip powder market share in 2022. Online distribution channels are increasingly becoming popular in the lip powder market as people prefer e-commerce platforms for their shopping needs. Customers may easily obtain a large variety of lip powder products, excellent discounts, and doorstep delivery choices through online shopping platforms. Demand for lip powder has been driven by a rise in the number of online retail stores that provide attractive discounts, as well as an increase in the number of Internet users who prefer utilizing online retail shops for convenience of access. Furthermore, there has been an increase in the number of people who prefer online shopping. As a result, the online distribution sector in the lip powder market is expand in the upcoming years.
By region, Asia-Pacific dominated the global lip powder market in 2022. Rising worries about physical appearance among working women have driven market expansion in this region. Furthermore, rising expenditure on personal grooming products in developing countries such as China, South Korea, Indonesia, the Philippines, India, Taiwan, and Malaysia is driving up demand for cosmetic products. Furthermore, innovative and attractive packaging is expected to increase the market's consumer base in this region. Moreover, consumers in the region have a significant interest in local customs as well as herbal and natural products. The Korean beauty business has supported this trend with product advancements such as natural lip beauty products and inventive packaging. This has boosted the region's innovation in beauty products and is further projected to drive the market revenue growth in Asia-Pacific.
Impact of COVID-19 on the Global Lip Powder Industry
- The COVID-19 pandemic had a significant impact on the lip powder market growth. The pandemic caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units were shut down globally which stopped the production, sale, and marketing of cosmetic products.
- E-commerce gained unprecedented prominence during lockdowns and social distancing measures, allowing the lip powder market to maintain its reach despite the closure of physical retail outlets. Brands that swiftly adapted to online selling and engaged with consumers through digital channels were better positioned to mitigate the impact of the pandemic on their sales.
- The COVID-19 pandemic led to exclusive challenges and opportunities for the lip powder market. Shifting consumer priorities, altered makeup routines, and the accelerated digital transformation of the industry collectively reshaped the landscape, prompting brands to rethink their strategies and offerings to cater to evolving consumer needs.
- There has been a growing preference for convenient, versatile, and clean beauty products that cater to evolving consumer needs in the post-pandemic period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lip powder market analysis from 2022 to 2032 to identify the prevailing lip powder market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the lip powder market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global lip powder market trends, key players, market segments, application areas, and market growth strategies.
Lip Powder Market Report Highlights
Market Size By 2032
USD 2988.8 million
CAGR of 6.2%
2022 - 2032
By End User
By Distribution Channel
Key Market Players
Clinique, L’Oreal, Sephora, Shiseido Company, Limited, CHANEL, buxom cosmetics, The Estee Lauder Companies Inc., Revlon, CHANEL International B.V., by terry