Feb 24, 2020 (KD Market Insights via COMTEX) -- Lipstick Market by Product Type (Matte, Glossy, Lip Powder, and Others), Form (Stick, Liquid, and Palette), and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, and Online Stores): Global Opportunity Analysis and Industry Forecast, 2019-2026
The Global Lipstick Market is expected to grow at a CAGR of 5.5% during the forecast period 2019-2026. As per the analyst, the global lipstick market size was valued $8.2 billion in the year 2018 which is anticipated to reach $12.5 billion by the year 2026.
From the viewpoint of economists 'Lipstick isn't an inferior good, it could be an inexpensive treat, a small indulgence to substitute for an expensive item. Or it can also be considered as morale boosters, just like movies of Charlie Chaplin during Depression period'.
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Lipsticks are available in various forms such as glitter lipstick, sheer lipstick, matte lipstick, glossy lipstick, powder lipstick and others; and the easily accessible product can be distributed through hypermarkets, supermarkets, specialty stores and online stores.
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