Market Overview:
The global lip pencil market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for lip products, globally. In addition, the growing trend of using lip pencils as an alternative to lipstick is also contributing to the growth of this market. Based on type, the global lip pencil market has been segmented into shimmer, gloss, sheer and other types. Among these segments, shimmer type held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their high demand among consumers for achieving a glamorous look. However, gloss type is projected to grow at a higher CAGR during 2018-2030 owing to its increasing popularity among consumers for giving their lips a natural shine and sheen. Based on application, under 18 segment accounted for majority share in 2017 and it is anticipated that this trend would continue over next few years as well due rising awareness about personal grooming among youngsters across globe coupled with increase in disposable income levels of young population especially in developing countries such as India and China . However , 30-40 age group segment would register highest CAGR over next 10 years owing shift towards healthy lifestyle by this age group coupled with increased spending capacity .
Product Definition:
A lip pencil is a type of cosmetic pencil that is used to define and enhance the shape of the lips. It is usually applied before lipstick, and helps to keep the lipstick in place. Lip pencils come in a variety of colors, including nude shades that match the color of skin on the lips, as well as brighter shades for creating a more dramatic effect.
Shimmer:
Shimmer is a new term in the cosmetic industry which was introduced by the lip pencil manufacturers to describe their product. It's basically a light reflective property of any material applied on skin or lips. The more amount of shimmer there is in the product, generally, the better it looks and sparkles on our skin.
Lip Pencils have been around for quite some time but they were not widely popular until recently when social media started playing an important role in sharing beauty tips.
Gloss:
Gloss is the shiny, protective coating on most lipsticks. It protects the lipstick from drying out and keeps it looking glossy and new. The type of oil used to make gloss depends on the type of lipstick; some are made with mineral oil while others are made with plant oils like jojoba, soybean, or avocado. Avocado oil is known for its healing properties so it makes a great ingredient in skin care as well as makeup products.
Application Insights:
18-30 years application segment led the market in 2017. This is attributed to growing trend of social networking websites and increasing awareness about skin care among this age group. Lipsticks are considered fashionable products among 18-30 year olds as it can be worn at work or during casual gatherings with friends and family. Moreover, availability of various shades suitable for different occasions will help expand the scope for growth over the coming years.
The 30-40 years application segment is expected to witness significant growth over the forecast period owing to rising demand from this age group for lipsticks with moisturizing properties along with a glossy finish that enhances their natural beauty. Manufacturers are also focusing on developing new innovative products keeping in mind specific needs of this demographic which, in turn, will boost industry growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a major consumer owing to the high demand for lip color products and various innovative techniques being employed by companies to introduce new shades into their existing product portfolio. Europe also contributed significantly to the overall revenue share of 37% in 2017 due to growing awareness regarding different types of lip colors among consumers, especially young ones.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing its increasing population and rising disposable income levels among consumers; these factors have encouraged many manufacturers from developed countries like UK and USAto enter this region through new business models with low entry barriers thus making it easier for themto compete with local players who are already operating at a lower cost than those based in Western countries.
Growth Factors:
- Increasing demand for lip pencils from the cosmetics industry as a whole
- Growing popularity of lip liner as a makeup tool
- Innovation in product design and formulation, including new colors and finishes
- Rising number of celebrity endorsements for lip pencil brands
- Advances in manufacturing technology that improve the quality and consistency of products
Scope Of The Report
Report Attributes
Report Details
Report Title
Lip Pencil Market Research Report
By Type
Shimmer, Gloss, Sheer, Other
By Application
Under 18, 18-30, 30-40, 40-50, Above 50
By Companies
L'Oreal (France), PG (US), Estee Lauder (US), Relvon (US), LVMH (France), Shiseido (Japan), Chanel (France), ROHTO (Japan), Beiersdorf (Germany), DHC (Japan), Johnson & Johnson (US), Avon (US), Jahwa (Korea), JALA (China)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Lip Pencil Market Report Segments:
The global Lip Pencil market is segmented on the basis of:
Types
Shimmer, Gloss, Sheer, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Under 18, 18-30, 30-40, 40-50, Above 50
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- L'Oreal (France)
- PG (US)
- Estee Lauder (US)
- Relvon (US)
- LVMH (France)
- Shiseido (Japan)
- Chanel (France)
- ROHTO (Japan)
- Beiersdorf (Germany)
- DHC (Japan)
- Johnson & Johnson (US)
- Avon (US)
- Jahwa (Korea)
- JALA (China)
Highlights of The Lip Pencil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Shimmer
- Gloss
- Sheer
- Other
- By Application:
- Under 18
- 18-30
- 30-40
- 40-50
- Above 50
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lip Pencil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A lip pencil is a thin, pointed pencil that is used to fill in your lips. It's easy to use and can be applied quickly and easily.
Some of the key players operating in the lip pencil market are L'Oreal (France), PG (US), Estee Lauder (US), Relvon (US), LVMH (France), Shiseido (Japan), Chanel (France), ROHTO (Japan), Beiersdorf (Germany), DHC (Japan), Johnson & Johnson (US), Avon (US), Jahwa (Korea), JALA (China).
The lip pencil market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lip Pencil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lip Pencil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lip Pencil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lip Pencil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lip Pencil Market Size & Forecast, 2018-2028
4.5.1 Lip Pencil Market Size and Y-o-Y Growth
4.5.2 Lip Pencil Market Absolute $ Opportunity
Chapter 5 Global Lip Pencil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lip Pencil Market Size Forecast by Type
5.2.1 Shimmer
5.2.2 Gloss
5.2.3 Sheer
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lip Pencil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lip Pencil Market Size Forecast by Applications
6.2.1 Under 18
6.2.2 18-30
6.2.3 30-40
6.2.4 40-50
6.2.5 Above 50
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lip Pencil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lip Pencil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lip Pencil Analysis and Forecast
9.1 Introduction
9.2 North America Lip Pencil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lip Pencil Market Size Forecast by Type
9.6.1 Shimmer
9.6.2 Gloss
9.6.3 Sheer
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lip Pencil Market Size Forecast by Applications
9.10.1 Under 18
9.10.2 18-30
9.10.3 30-40
9.10.4 40-50
9.10.5 Above 50
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lip Pencil Analysis and Forecast
10.1 Introduction
10.2 Europe Lip Pencil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lip Pencil Market Size Forecast by Type
10.6.1 Shimmer
10.6.2 Gloss
10.6.3 Sheer
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lip Pencil Market Size Forecast by Applications
10.10.1 Under 18
10.10.2 18-30
10.10.3 30-40
10.10.4 40-50
10.10.5 Above 50
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lip Pencil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lip Pencil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lip Pencil Market Size Forecast by Type
11.6.1 Shimmer
11.6.2 Gloss
11.6.3 Sheer
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lip Pencil Market Size Forecast by Applications
11.10.1 Under 18
11.10.2 18-30
11.10.3 30-40
11.10.4 40-50
11.10.5 Above 50
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lip Pencil Analysis and Forecast
12.1 Introduction
12.2 Latin America Lip Pencil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lip Pencil Market Size Forecast by Type
12.6.1 Shimmer
12.6.2 Gloss
12.6.3 Sheer
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lip Pencil Market Size Forecast by Applications
12.10.1 Under 18
12.10.2 18-30
12.10.3 30-40
12.10.4 40-50
12.10.5 Above 50
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lip Pencil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lip Pencil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lip Pencil Market Size Forecast by Type
13.6.1 Shimmer
13.6.2 Gloss
13.6.3 Sheer
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lip Pencil Market Size Forecast by Applications
13.10.1 Under 18
13.10.2 18-30
13.10.3 30-40
13.10.4 40-50
13.10.5 Above 50
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lip Pencil Market: Competitive Dashboard
14.2 Global Lip Pencil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 L'Oreal (France)
14.3.2 PG (US)
14.3.3 Estee Lauder (US)
14.3.4 Relvon (US)
14.3.5 LVMH (France)
14.3.6 Shiseido (Japan)
14.3.7 Chanel (France)
14.3.8 ROHTO (Japan)
14.3.9 Beiersdorf (Germany)
14.3.10 DHC (Japan)
14.3.11 Johnson & Johnson (US)
14.3.12 Avon (US)
14.3.13 Jahwa (Korea)
14.3.14 JALA (China)
