The demand of lip
cosmetics is growing among younger population, a luxury makeup for women. In
2014, about 15 million people from U.K utilized lipstick. Reports on global lipstick market from 2015-2019 reveal a revenue expectation of 9 billion
USD. However, consumers’ preference is
shifting to organic lip gloss and cosmetics against those containing toxins
such as cadmium, which interferes with DNA.
Another toxic is
lead, which has lot many health repercussions. Women share greater interest in
lipstick types like matte, cream, sheer, and satin. The lasting nature of
lipsticks, with moisturizing effect is gaining in sales. Regions active in
lipstick and face makeup cosmetics are Europe, MEA, Americas, and APAC. The
latter in 2014, was the largest revenue contributor to around 35% of market
share.
Global Product Share in Facial and Lip
Makeup
Countries such as
India, China, and France are supposed to have potential vendors for the
products. The color cosmetic industry in face makeup is concentrated on
offerings for eyes, lips, face, skin etc. As per market research, the
facial makeup in 2014 recorded a share of 38% in the industry, and may reach a
value of USD 32 billion by 2019 end. Blusher and bronzer products are not just
a choice for celebrities, but also common people.
·
The
Americas are said to have 37% of market share in color face make up cosmetics
due to selfie trend on social media. The engagement is high in Europe and
developing counties among teenagers and those between 25 to 34 years.
· The global
lipstick market is leading the fashion trends in transforming the value of
beauty all together. With stylish accessories and affordable cosmetics, more
women are buying lipsticks and face makeup ingredients.
Indulgence of Beauty Care Brands
The key vendors
include Procter and Gamble, L’Oreal, Shiseido, LVMH, Chanel, Amway, Coty,
Clarins, Unilever, and Kao. The global cosmetics market will increase at 6.4%
CAGR till 2020 and touch $675. Gender specific makeup tools are leading, along
with focus on packaging this year.
·
Some of
the competitors of beauty industry are Bayer, Henkel, Avon, Estee Lauder,
Johnson and Johnson etc. North America and Western Europe are the leader with
Asia-Pacific region progressing faster due to beauty conscious females.
·
The
drivers versus constraints for face makeup and lipsticks industry according to market
research are product innovation, e-retail, greater disposable income,
unregulated market, travel retail, and consumer awareness about product side
effects.
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