The Asia Pacific Lip Powder Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 31,713.0 thousand units, showcasing a growth of 4.7% (2019-2022).
Due to growing consumer demand for various long-lasting, customized lip cosmetics, lip powder has emerged as one of the most inventive beauty products. Lip powders offer unique qualities that distinguish them from conventional lipsticks and glosses, establishing a niche market. In addition, the availability of a vast selection of lip powder colours and varieties accommodates customers' various preferences.
Additionally, lip powder can be applied over liquid or cream lipstick to enhance the appearance and intensify the colour. The growing demand for lip powder is further fuelled by working-class women's increased awareness of beauty. Working-class women prefer long-lasting lipstick shades. Additionally, an increase in disposable income permits consumers to purchase branded cosmetics. All of these factors are anticipated to create excellent opportunities for the leading participants in the market over the coming years.
APAC is home to a wide range of skin tones and undertones. To cater to this diversity, cosmetic brands are expanding their shade ranges to ensure that consumers of all backgrounds can find suitable options. South Korea profoundly influences beauty trends in APAC and around the world. The Korean beauty industry is known for its innovative makeup products and focus on customization, which includes a vast array of lip colours. The factors are significant trends that reflects consumers' evolving preferences and demands in this diverse and rapidly growing market.
The China market dominated the Asia Pacific Lip Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $263.5 Million by 2030. The Japan market is registering a CAGR of 5.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.9% during (2023 - 2030).
Based on Type, the market is segmented into Lip Powder Palettes and Lip Powder Pen. Based on End User, the market is segmented into 30-45 Years Old, Above 45 Years Old, 18-30 Years Old, and Under 18 Years Old. Based on Distribution Channel, the market is segmented into Online and Offline. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Lip Powder Market is Predict to reach $2.5 Billion by 2030, at a CAGR of 5.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Estee Lauder Companies, Inc., Sephora SA (LVMH Moët Hennessy Louis Vuitton), Shiseido Company Limited, Revlon, Inc. (MacAndrews & Forbes), L'Oréal S.A., Unilever PLC, Buxom cosmetics (Orveon global), BY TERRY, and CLE Cosmetics
By Type (Volume, Thousand units, USD Million, 2019-2030)
By End User (Volume, Thousand units, USD Million, 2019-2030)
By Distribution Channel (Volume, Thousand units, USD Million, 2019-2030)
By Country (Volume, Thousand units, USD Million, 2019-2030)
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