Brazil to Continue its Dominance in South America Lipstick Market
Continuous
innovations in cosmetics in South America combined with increasing working
women population to propel South America lipstick market through 2023
According to TechSci Research
report, ‘South
America Lipstick Market By
Product Type, By Distribution
Channel, By Country,
Competition, Forecast & Opportunities, 2013–2023’, South America lipstick
market is anticipated to register a CAGR of more than 10% during 2018 - 2023. Anticipated
growth in the market can be majorly attributed to rising sales of premium
beauty and personal care products in Brazil. Brazil is the fourth-largest
beauty market in the world, after the US, Japan and China. Moreover, increasing
population of working women along with product innovation in the lipstick
category is further anticipated to drive South America lipstick market. L'Oréal
International, The Estée Lauder Companies Inc., Revlon, Inc.,
etc., are some of the major players operating in South America lipstick market.
Browse 25 Figures spread through 54 Pages
and an in-depth TOC on "South America Lipstick Market"
https://www.techsciresearch.com/report/south-america-lipstick-market/3737.html
Urban population share is rising in South American
countries besides improving economic scenario in the region. These macro factors
are expected to contribute to the rising demand for lipsticks across the region
during forecast period. Supermarket/ hypermarket is the most
preferred sales channel in South America as this channel provides customer
access to multiple brands at a single location along with lucrative discounts
and offers. However, owing to rising penetration of internet, online sales
channel is anticipated to witness the fastest growth in South America during
forecast period.
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“Changing lifestyle
patterns coupled with increasing usage of social media are the key factors which
are boosting the usage of beauty products in South America. Moreover, branded lipstick,
which was once considered a luxury item has now become affordable and easily
available too. Additionally, rising demand for organic cosmetics is
fueling innovation in this category, which would further aid the growth of
South America lipstick market during forecast period.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting
firm.
“South
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 South America Lipstick market.
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