The global lip mask market size is expected to reach USD 2.87 Billion in 2030 and register a revenue CAGR of 6.2% over the forecast period, according to the latest report by Reports and Data. Growing cosmetics industry, the importance of personal care, busy lifestyle of working women, and rising number of online shopping platforms are expected to drive market revenue growth.
Lip mask market revenue growth is projected to be supported by social media culture and increasing concerns about living a healthy lifestyle. Influencers persuade audiences to maintain regular skincare routines by establishing various aesthetic beauty standards. Additionally, these influencers, by educating their followers about various goods, their applications, and other tutorials for using these skincare products, including lip masks, are increasing the demand for these products in the global market. The COVID-19 pandemic has inspired manufacturers to make the purchasing process convenient for consumers. The launch of different online shopping platforms along with a convenient shopping experience for working women, and home delivery is expected to drive revenue growth of the lip mask market.
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Market Dynamics:
The global Lip Mask market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.
Competitive Landscape:
The research report offers details about leading companies in the global Lip Mask market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
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Major Companies:
- BIOAQUA OFFICIAL STORE,
- Ikkai,
- Shiseido Co. Ltd.,
- Avon,
- Kao Corporation,
- KENDO HOLDINGS,
- AMOREPACIFIC US, INC,
- Lush Retail Ltd,
- Lfactor,
- Beauty Soul.
Market Segmentation:
The report also sheds light on the market segmentation based on type, application and region:
By Resin Type Outlook
- Day
- Overnight
By Distribution Channel Outlook
- Offline
- Online
Lip Mask Market Segmentation based on Regions:
North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East Africa
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