North America Lipstick Market to Reach $ 5 Billion by 2023
Shift
from conventional cosmetics to chemical free organic chemicals coupled with
innovation in lipsticks to aid growth of North America lipstick market
through 2023
According to TechSci Research
report, ‘North
America Lipstick Market By
Product Type, By Distribution
Channel, By Country,
Competition, Forecast & Opportunities, 2013–2023’, North America lipstick market is projected
to cross $ 5 billion by 2023. Anticipated growth in the market over the next
five years is expected to be led by new product innovations by key market
players coupled with improving consumer confidence index in the region.
Moreover, consumers are exhibiting increasing willingness to switch from
chemical laden conventional cosmetics to natural products, which is positively
influencing the region’s lipstick market.
Browse 26 Figures spread through 54 Pages
and an in-depth TOC on "North America Lipstick Market"
https://www.techsciresearch.com/report/north-america-lipstick-market/3732.html
United
States accounts for majority value share in North America lipstick market on account
of huge consumer base, high per capita income levels and availability of numerous
brands across the country. L'Oréal International, Shiseido Company, Limited, The Estée Lauder Companies
Inc., etc., are some of the companies operating in North America lipstick
market. Among distribution channels, Supermarket
/ Hypermarket generated the highest
sales for lipsticks in North America lipstick market in 2017. The segment is
anticipated to continue dominating during forecast period as well on the back
of ease of convenience provided by this sales channel. However, online sales
channel is expected to witness the fastest growth during forecast period, owing
to rising penetration of internet and rising popularity of e-commerce platform.
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“Rising focus of
manufacturers on product innovations is fueling growth in North America
lipstick market. Moreover, changing marketing strategy of lipstick
manufacturers coupled with their focus on continuous product development and
convenient & attractive packaging is further anticipated to positively
influence North America lipstick market in the coming years. Additionally,
emergence of e-commerce along with growing demand for cosmetics among youth and
working women population would further steer the market over the coming years.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“North
America Lipstick Market By Product
Type, By Distribution Channel, By
Country, Competition, Forecast
& Opportunities, 2013–2023”
has evaluated the future growth potential of lipstick market and provides
statistics and information on market structure, size, share and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in North America lipstick market.
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