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Lip and Face Primer Market Size

  • Report ID: GMI10837
  • Published Date: Aug 2024
  • Report Format: PDF

Lip and Face Primer Market Size

Lip and Face Primer Market size was valued at USD 6.8 billion in 2023 and is estimated to grow at a CAGR of 6.4% between 2024 and 2032. The desire for a flawless, airbrushed appearance drives demand for primers that create a smooth, even base for makeup. As makeup looks become more intricate and high-definition, primers are increasingly used to ensure a perfect canvas and enhance the overall finish.

 

Cutting-edge technologies such as micro-sphere particles and encapsulated ingredients improve primer performance, offering benefits like pore-filling, oil control, and long-lasting wear. The rise of hybrid products that combine the benefits of skincare and makeup, such as primers with SPF, antioxidants, and anti-aging ingredients, caters to consumers seeking multifunctional solutions. The growing focus on self-care and personal grooming boosts the demand for high-quality products like primers that enhance both skincare and makeup routines. The continuous growth of the global beauty industry, with new brands and products entering the market, drives competition and innovation in the primer segment.
 

A high number of brands and products lead to a saturated market, making it challenging for new entrants to establish themselves and for existing brands to maintain market share. Intense competition often leads to price wars, which can erode profit margins and force companies to either lower prices or invest heavily in marketing. Stringent regulations regarding cosmetic ingredients and product safety vary by region, requiring companies to navigate complex compliance issues.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of lip and face primer reached USD 6.8 billion in 2023 and will expand at a 6.4% CAGR between 2024 and 2032, propelled by increasing consumer awareness about skincare and beauty routines, and rising demand for long-lasting makeup.

The cream based primers segment will record USD 3.9 billion through 2032, fueled by their versatile benefits, including enhanced hydration, smooth texture, and long-lasting coverage.

North America market accumulated USD 1.8 billion in 2023, owing to the region's strong beauty and personal care industry, high disposable incomes, and advanced retail infrastructure.

Key players operating in the industry are Avon Products, Inc., Beiersdorf AG, Clarins Group, Coty Inc., Estée Lauder Companies Inc., Johnson & Johnson, Kose Corporation, Kylie Cosmetics, Inc., L'Oréal Group, LVMH Moët Hennessy Louis Vuitton, Mary Kay Inc., Procter & Gamble Co., and Revlon Inc., among others.

Lip and Face Primer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 428
  • Countries covered: 21
  • Pages: 487
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