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Lip and Face Oil Market Trends

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

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Lip and Face Oil Market Trends

Digital marketing and social media have become essential in the skincare industry, with influencers and beauty bloggers playing significant roles. These digital celebrities commonly promote lip and face oils, highlighting their benefits and usage through engaging content, influencing consumer purchasing decisions and driving market demand. For instance, Jasmine Tookes, Victoria's secret model, has partnered with OLIO Skincare to promote its luscious glow face oil through engaging content.

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.