Ph based lipstick Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global pH-Based Lipstick Market was valued at USD 609.4 million in 2023 and is projected to grow at a CAGR of 2.6% from 2024 to 2032. The rising trend of personalized beauty products, particularly among women, is a significant driver for this growth. Additionally, the boom in e-commerce platforms is helping in propelling the market forward.

Data from the U.S. Census Bureau highlights a 7.8% increase in e-commerce sales in the U.S. in 2023. Manufacturers are strategically launching their products on major e-commerce platforms like Nykaa, Myntra, and Purple, which are particularly popular among women. These platforms not only entice customers with attractive deals and discounts on beauty products but also broaden the audience reach.

The overall industry is divided into product type, finish type, ingredient type, price, distribution channel, and region.

Based on product type, the market is segmented into bullet lipstick, liquid lipstick, gel lipstick, and others. The bullet lipsticks segment led the market, generating a revenue of USD 225 million, with projections to reach USD 277.6 million by 2032. Bullet lipsticks hold a dominant position in the global lipstick market, thanks to their timeless appeal and versatility for catering to a diverse consumer base. Their traditional shape ensures precise application, enhancing accessibility for users.

Segmented by ingredient type, the pH-based lipstick market divides into natural and synthetic categories. The synthetic ingredients segment captured a 56% market share in 2023 and is projected to grow at a CAGR of 2.8% during 2024-2032. The preference for synthetic ingredients in the pH lipstick market stems from their reliability in achieving consistent color-changing effects. As pH lipsticks adapt their hue based on the user's skin pH, the stability offered by synthetic ingredients is crucial. This ensures precise pigment formulation and control, leading to predictable and consistent color changes.

Asia Pacific pH-based lipstick market generated a notable revenue of USD 235.5 million, with expectations to hit USD 298.2 million by 2032. The region's dominance in the pH-based lipstick market is largely attributed to its vibrant beauty and skincare culture, especially in trendsetting nations like South Korea and Japan. These countries are at the forefront of beauty innovations, with consumers eager to embrace novel products, such as color-changing pH lipsticks. Furthermore, the region's expansive and youthful population, coupled with rising disposable incomes, amplifies the demand for premium beauty products.

Product Code: 10603

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Growing preference for personalized products
  - 3.2.1.2 Expansion of e-commerce
  - 3.2.1.3 Influence of beauty influencers and social media.
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Competition from traditional lipstick products
  - 3.2.2.2 Higher production costs
3.3 Technology and innovation landscape
3.4 Consumer buying behaviour analysis
- 3.4.1 Demographic trends
- 3.4.2 Factors affecting buying decision
- 3.4.3 Consumer product adoption
- 3.4.4 Preferred distribution channel
3.5 Growth potential analysis
3.6 Regulatory landscape
3.7 Pricing analysis
3.8 Porter's analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Product type, 2021 - 2032, (USD Million) (Thousand units)

5.1 Key trends
5.2 Bullet lipstick
5.3 Liquid lipstick
5.4 Gel lipstick
5.5 Others (powder, pencil, stick)

Chapter 6 Market Estimates and Forecast, By Finish Type, 2021 - 2032, (USD Million) (Thousand units)

6.1 Key trends
6.2 Cream
6.3 Glossy
6.4 Matte
6.5 Natural
6.6 Shimmery
6.7 Others (metallic, sheer, plump up wet gloss)

Chapter 7 Market Estimates and Forecast, By Ingredient type 2021 - 2032, (USD Million) (Thousand units)

7.1 Key trends
7.2 Natural
7.3 Synthetic

Chapter 8 Market Estimates and Forecast, By Price 2021 - 2032, (USD Million) (Thousand units)

8.1 Key trends
8.2 Low
8.3 Medium
8.4 High

Chapter 9 Market Estimates and Forecast, By Distribution channel 2021 - 2032, (USD Million) (Thousand units)

9.1 Key trends
9.2 Online
- 9.2.1 E-commerce
- 9.2.2 Company Websites
9.3 Offline
- 9.3.1 Departmental stores
- 9.3.2 Supermarkets/hypermarket
- 9.3.3 Specialty beauty Stores
- 9.3.4 Others (pharmacies, Etc.)

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032, (USD Million) (Thousand units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Malaysia
- 10.4.7 Indonesia
- 10.4.8 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)

11.1 Bite Beauty Inc.
11.2 Christian Dior SE
11.3 Clinique Laboratories, LLC
11.4 Essence cosmetics
11.5 Estee Lauder Companies Inc
11.6 IBA cosmetics
11.7 Lipstick Queen Ltd.
11.8 L'Oreal S.A.
11.9 Maybelline LLC
11.10 Renee cosmetics
11.11 Robanda international
11.12 Smashbox Beauty Cosmetics, Inc.
11.13 Tarte, Inc.
11.14 Too Faced Cosmetics, LLC
11.15 Urban Decay Cosmetics, LLC