Growing urbanization and more women working globally is driving the lipstick market. Women's increasing spending power and focus on appearances has significantly grown lipstick demand. The largest segment of the lipstick market is women aged 18-30, who are tech-savvy and influenced by social media. Lipsticks are primarily sold through department stores, supermarkets/hypermarkets, cosmetic stores, and increasingly online.
Growing urbanization and more women working globally is driving the lipstick market. Women's increasing spending power and focus on appearances has significantly grown lipstick demand. The largest segment of the lipstick market is women aged 18-30, who are tech-savvy and influenced by social media. Lipsticks are primarily sold through department stores, supermarkets/hypermarkets, cosmetic stores, and increasingly online.
Growing urbanization and more women working globally is driving the lipstick market. Women's increasing spending power and focus on appearances has significantly grown lipstick demand. The largest segment of the lipstick market is women aged 18-30, who are tech-savvy and influenced by social media. Lipsticks are primarily sold through department stores, supermarkets/hypermarkets, cosmetic stores, and increasingly online.
factor driving the growth of the market. The demand for lipsticks has grown substantially among women owing to their escalating purchasing power along with the growing consciousness about physical appearance.
On the basis of the age group, 18-30 years hold the biggest market share. Other age groups are under 18 years, 30-40 years, 40-50 years and above 50 years. The biggest advantage about the 18 - 25 years old woman is that she is media and technologically savvy. The Internet, social media, and mobile applications are the biggest tools for companies to reach out to their client.
Market Segmentation by Distribution Channel: - Departmental Stores Supermarkets/Hypermarkets Online Cosmetic Stores Convenience Stores Others (parlours and grocery stores)