Supermarkets And Hypermarkets To Continue Dominance In APAC Lipstick Market Through 2023: TechSci Research

Supermarkets And Hypermarkets To Continue Dominance In APAC Lipstick Market Through 2023: TechSci Research - Sakshi Post

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"

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 there by providing easy accessibility along with lucrative discounts and offers.

Customers can also request for 10% free customization on this report.

“Changing lifestyle pattern due to growing urbanization and rising disposable incomeis 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.

Also Read: Europe Lipstick Market To Cross $ 2.4 Billion By 2023: TechSci Research

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