Wednesday, 26 February 2020

Lipstick Market Size, Demand, Global Overview, Growth Drivers, Current Trend, Value Chain Analysis, Key Players, and Forecast Till 2026

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'.
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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