The Europe Lip Powder Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 18,700.1 thousand units, showcasing a growth of 3.6% (2019-2022).
Lip powder is a cosmetic product intended for lip enhancement and colour application that is presented in a finely milled powder form. The lip powder offers a novel approach to lip cosmetics, allowing users to customize pigmentation and choose from various finishes. This powder is often applied to the lips using brushes or applicators to manage colour intensity and produce different lip effects. Lip powder is frequently available in single-color or multi-colour palettes, allowing users to create customized styles.
Cosmetic companies have continued to innovate and improve lip powder formulations to make them more user-friendly, long-lasting, and comfortable. These innovations can include better pigmentation, ease of application, and improved lip stain stay duration. Expanding the range of shades in lip powders can attract a broader customer base. Offering various colours, including trendy and unique shades, can help appeal to consumers looking for diversity in their lip makeup options.
European consumers are increasingly conscious of clean beauty and sustainability. Lip powder brands that prioritize natural, organic, and eco-friendly formulations and sustainable packaging can gain a competitive edge. European cosmetic companies are known for their innovation in formulations. Advancements in lip powder formulations have led to products that offer improved comfort, longevity, and performance. Therefore, the regional market will grow rapidly in the coming years.
The Germany market dominated the Europe Lip Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $156.3 Million by 2030. The UK market is exhibiting a CAGR of 4.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Lip Powder Market will Hit $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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