PUBLISHER: The Business Research Company | PRODUCT CODE: 1465818
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465818
Lip and cheek tint is a versatile and multi-purpose cosmetic product crafted to impart a natural-looking flush of color to both the lips and cheeks. Known for its lightweight and blendable formula, this product allows for easy application, ensuring a long-lasting and cohesive color effect that enhances the wearer's natural features. The dual functionality of lip and cheek tint simplifies beauty routines, offering a convenient solution for those seeking a minimalistic makeup look.
The primary types of lip and cheek tint are categorized as natural and synthetic. Natural variants involve products or ingredients derived from natural sources without artificial additives or processes. These products often come in various flavors, including strawberry, cocoa, raspberry, beetroot, and others. Lip and cheek tints can be found in different packaging types such as glass bottles, stick tubes, laminate tubes, and others. They are distributed through various channels, including hypermarkets and supermarkets, specialty stores, online retail platforms, convenience stores, and others.
The lip and cheek tint market research report is one of a series of new reports from The Business Research Company that provides lip and cheek tint market statistics, including lip and cheek tint industry global market size, regional shares, competitors with a lip and cheek tint market share, detailed lip and cheek tint market segments, market trends and opportunities, and any further data you may need to thrive in the lip and cheek tint industry. This lip and cheek tint market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The lip and cheek tint market size has grown strongly in recent years. It will grow from $1.46 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth witnessed in the historical period can be attributed to several factors, including evolving consumer lifestyles favoring products offering instant readiness and portability. The increased versatility and convenience of lip and cheek tints, coupled with improved non-greasy properties enhancing user comfort and appearance, have played a significant role. Additionally, rising concerns related to prolonged sun exposure, heightened awareness of issues such as increased dryness, premature aging, and lip darkening have contributed to the market's growth. The surge in demand for skincare benefits within the cosmetic products sector has further fueled this overall growth.
The lip and cheek tint market size is expected to see strong growth in the next few years. It will grow to $2.00 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period is expected to stem from factors such as a heightened focus on appearance among working women, a growing consciousness of beauty trends, an increasing demand for chemical-free and environmentally safe lip and cheek tints with lightweight properties, and the prevailing trend of minimal makeup. Key trends in the forecast period encompass a rising demand for chemical-free and environmentally friendly tints, increased focus on product innovation, ongoing research and development in multipurpose tints, advancements in technology, and an emphasis on research to develop effective assessment techniques and products in the lip and cheek tint market.
The lip and cheek tint market is poised for growth owing to the escalating demand for cosmetics. Cosmetics, substances applied to enhance appearance without affecting bodily functions, are sought after for boosting confidence and meeting beauty standards. Lip and cheek tint, a versatile cosmetic, offers natural-looking color enhancement for both lips and cheeks, contributing to a cohesive and enduring glow with minimal effort. L'Oreal S.A., a France-based cosmetic company, reported a robust 34.6% sales growth in its dermatological beauty division in Q1 2023, reaching €1,685.7 million ($1,815.07 million) compared to the previous year's €1,252.7 million ($1,348.84 million).
In response to the surging demand for cosmetics, major players in the lip and cheek tint market are introducing new products to fortify their market positions. Notably, Nurraysa, a Malaysia-based cosmetic brand, unveiled the Korean Barbie Water Lip Tint in October 2022. Enriched with Vitamins C and E, this product not only enhances lip beauty but also provides hydration and a natural red tint. The incorporation of essential vitamins serves the dual purpose of soothing and protecting against sun damage, ensuring nourished and vibrant lips.
In February 2022, Revolution Beauty Group, a US-based personal care product company, completed the acquisition of BH Cosmetics for $3.9 million. This strategic move aims to accelerate Revolution Beauty Group's global growth and enhance its portfolio of affordable beauty products. BH Cosmetics, a US-based cosmetics company, brings expertise in color cosmetics, brushes, and international collaborations to contribute to the diversified offerings in the cosmetic market.
Major companies operating in the lip and cheek tint market are LVMH Moet Hennessy Louis Vuitton, The Procter& Gamble Company, L'Oreal S.A., The Estee Lauder Companies Inc., Kao Corporation, Avon Products Inc., Revlon Inc., Benefit Cosmetics LLC, Fenty Beauty, NYX Professional Makeup, e.l.f. Cosmetics Inc., Glossier Inc., Charlotte Tilbury Beauty Ltd., Tarte Inc., Pat McGrath Labs, Maybelline LLC, Huda Beauty, ColourPop Cosmetics, Morphe Cosmetics, Jouer Cosmetics, Milani Cosmetics, RENEE Cosmetics Pvt. Ltd., COSRX, Soapworks Ltd., Skin Food Co. Ltd.
Europe was the largest region in the lip and cheek tint market in 2023. The regions covered in the lip and cheek tint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the lip and cheek tint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The lip and cheek tint market consists of sales of liquid tints, powder tints, stick tints, and oil tints. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Lip And Cheek Tint Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lip and cheek tint market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lip and cheek tint ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lip and cheek tint market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.