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Lip and Face Oil Market Share

Report ID: GMI9926
Published Date: Jun 2024
Report Format: PDF

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Lip and Face Oil Market Share

Global Lip and Face Oil Market Market Share Analysis, 2023

The lip and face oil industry seem to be moderately fragmented in nature due to the presence of local and global players. In 2023, market players, including L'Oréal S.A., Procter & Gamble Co., Unilever, Shiseido Company, Limited, and Johnson & Johnson, collectively held around 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions, and collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Lip and Face Oil Market Share

Major players operating in the lip and face oil industry are:

The Estée Lauder Companies Inc.
L'Oréal S.A.
Procter & Gamble Co.
Unilever
Shiseido Company, Limited
Johnson & Johnson
Beiersdorf AG
Clarins Group
Amorepacific Corporation
Coty Inc.
The Clorox Company
The Body Shop International Limited
Kiehl’s LLC
Tata Harper Skincare
Herbivore Botanicals LLC

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global lip and face oil industry was valued at USD 6.3 billion in 2023 and is anticipated to register 4.3% CAGR between 2024 and 2032 driven by rising consumer disposable income and changing consumer preferences.

The low-price range segment in the market is expected to exhibit 4.4% CAGR through 2032 as they are more affordable, making them available to a wider spectrum of consumers, including price-sensitive and budget-conscious consumers.

North America lip and face oil market is expected to reach USD 3.4 billion by 2032 due to high consumer awareness and continuous innovation by leading skincare brands.

The Estée Lauder Companies Inc., L'Oréal S.A., Procter & Gamble Co., Unilever, Shiseido Company, Limited, Johnson & Johnson, Beiersdorf AG, Clarins Group, Amorepacific Corporation, Coty Inc., and The Clorox Company, among others.