Supermarkets and Hypermarkets to Continue Dominance in APAC Lipstick Market through 2023
Rising per capita income, growing
demand from working women and increasing inclination towards natural and
organic lipsticks to drive Asia-Pacific lipstick market through 2023
According to
TechSci Research report, ‘Asia-Pacific
Lipstick Market By
Product Type, By Distribution
Channel, By Country, Competition, Forecast
& Opportunities, 2013–2023’, Asia-Pacific lipstick market is projected to reach $ 6.6
billion by 2023. Growth in the market is led by expanding working women
population, who are increasingly showing inclination towards cosmetic products
including lipstick, coupled with new product innovations by leading lipstick
players. Lipstick is a cosmetic product which contains oils, waxes, pigments
and emollients that provide texture, color and protection to the lips. Lipstick
contains camauba wax, beeswax, candelilla wax which enable the mixture to take
a recognizable lipstick shape which can be filled in a tube. Further, lanolin,
mineral, castor or vegetable oil are added to the wax. Apart from wax and oils,
preservatives, antioxidants, pigment and fragrances are also added to the lipstick.
L'Oréal International, Christian Dior SE, and Shiseido
Company Limited are
some of the leading players in Asia-Pacific lipstick market due to their unique
product portfolio and wide product offerings under multiple brands.
Browse 35 Figures spread through 63
Pages and an in-depth TOC on "Asia-Pacific Lipstick Market"
https://www.techsciresearch.com/report/asia-pacific-lipstick-market/3738.html
Distribution of urban population is rising across countries
in Asia-Pacific region and is further expected to rise in future as well, owing
to developing economic conditions across the Asia-Pacific region. This factor
is further expected to contribute to the rising demand for lipsticks during
forecast period. Among
distributions channels, Supermarket/Hypermarket generated the highest sales for lipsticks in Asia-Pacific region in
2017. The segment is expected to continue dominating during forecast period as
well, as this sales medium provides convenience of showcasing multiple brands
at a single location thereby providing easy accessibility along with lucrative
discounts and offers.
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“Changing lifestyle
pattern due to growing urbanization and rising disposable income is shifting
consumer focus towards lifestyle and luxury products which is likely to fuel
growth in Asia-Pacific lipstick market as well. Moreover, lipstick, which was
once considered a lifestyle product has now become increasingly affordable. Further,
inclination towards natural and organic lipsticks is rising, as they are less
harmful besides being cruelty-free as they are not tested on animals. Additionally,
continuous product development and growing demand for convenient and attractive
packaging would further steer growth in Asia-Pacific lipstick market
during forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Asia-Pacific
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 take sound
investment decision. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in Asia-Pacific lipstick market.
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