Lipstick is a makeup product that is used for beautification of lips. The primary ingredient used to make lipstick includes waxes, oil, and pigments. The lipstick market size was valued at $8.2 billion in 2018, and is expected to reach $12.5 billion by 2026, registering a CAGR of 5.5% from 2019 to 2026. They are available in may shades and colors including nude, maroon, red, pink, purple, and others. Also, there is a wide range of lipstick available in the market. This includes powder lipstick, glossy lipstick, matte lipstick, sheer lipstick, glitter lipstick, and others. In addition, lipsticks are easily accessible to the consumers in the market through distribution channel including specialty stores, supermarkets, hypermarkets, and others, which have contributed in driving the growth of the lipstick market.
Major Key Players of the Lipstick Market are:
L’Oréal S.A, Shiseido Company Limited, Revlon Inc., Coty, Estée Lauder Companies Inc., Christian Dior SE, Unilever, Guerlain, Inglot Sp. Z. O. O., and Relouis.
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