Over the next eight years, the worldwide lip powder industry is expected to rise at a rapid pace. Lip powder product sales will grow at a strong CAGR of just under 6% during the forecast period, according to a market analysis released by Future Market Insights titled “Lip Powder Market: Global Industry Analysis and Opportunity Assessment 2022-2027.” (2022-2027). According to the analysis, APEJ (the the the the Asia the Pacific excluding Japan) would continue to have the greatest revenue share in the lip powder market.
Potential Superiority over Lipsticks & Other Conventional Lip Products Accounts for Billowing Sales of Lip Powder
According to FMI’s research, the lip powder market has yet to achieve its pinnacle of growth and currently represents a strong growth potential in the beauty and personal care products industry. Lip powder is the most recent trend or evolution in lipsticks, and it has various advantages over traditional lipsticks, which is one of the main reasons for its appeal.
Lip powder is gaining traction in the global market as a viable alternative to traditional lipsticks. Lip powders are infused with hydrating oils and Vitamin E for a velvety, long-lasting finish. Lip powder has a unique matte-shimmer mix that is difficult to accomplish with regular lip products.