The Latin America, Middle East and Africa Lip Powder Market would witness market growth of 8.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 9,582.2 thousand units, showcasing a growth of 9.8% (2023-2030).
Lip powder is a colour in powder form that has a different feel and texture than traditional lipstick cream, stain, or liquid. It is made of silica, which aids in spreading the substance evenly. It also moisturizes lips with vitamin E, glycerine, and coconut oil. Several elements, including the rising demand for natural and organic cosmetics, the growing awareness of cruelty-free beauty products, and the expanding popularity of matte lip colours, are expected to contribute to the significant growth of the market during the projected period.
The increasing demand elements for natural and organic cosmetic products is one of the key factors driving the growth of the market. Consumers are increasingly aware of the potential adverse effects of certain chemicals in conventional cosmetics, prompting them to seek more natural and organic alternatives. Lip powder is formulated with natural ingredients and is free of harmful substances, making it an attractive option for customers. The rising acceptance of matte lip colours is another element fuelling the expansion of the market. Matte lip colours are highly pigmented and provide a smudge-proof, long-lasting finish. Lip powder, which can be applied with a matte finish, is a great choice for customers who favour this lip colour.
Matte lip colours, including lip powders, are known for their long-lasting wear. This is particularly appealing in warm and humid climates commonly found in Latin America and the Middle East, where consumers seek makeup products that can withstand the heat and humidity. Matte lip colours often deliver intense pigmentation and bold shades, which align with the vibrant and colourful aesthetics of many cultures in the LAMEA region. The growing popularity of matte lip colours in the LAMEA region significantly impacts the market.
The Brazil market dominated the LAMEA Lip Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $51.5 Million by 2030. The Argentina market is showcasing a CAGR of 9.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Lip Powder Market is Projected to reach USD 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)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
