Asia Pacific Lip Powder Market Size & Outlook, 2023-2030
The lip powder market in Asia Pacific is expected to reach a projected revenue of US$ 215.8 million by 2030. A compound annual growth rate of 6.6% is expected of Asia Pacific lip powder market from 2024 to 2030.
Revenue, 2023 (US$M)
$138.1
Forecast, 2030 (US$M)
$215.8
CAGR, 2024 - 2030
6.6%
Report Coverage
Asia Pacific
Asia Pacific lip powder market highlights
- The Asia Pacific lip powder market generated a revenue of USD 138.1 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, palette was the largest revenue generating product in 2023.
- Palette is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 138.1 million |
| Market revenue in 2030 | USD 215.8 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Palette |
| Fastest growing segment | Palette |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Palette |
| Key market players worldwide | The Estee Lauder Companies Inc Class A, Shiseido Co Ltd, Revlon, Sephora |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.5% of the global lip powder market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 225.7 million by 2030.
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Lip Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Revlon | View profile | 1001-5000 | New York, New York, United States, North America | https://www.revlonanz.com |
| Sephora | View profile | 10001+ | Neuilly-sur-seine, Ile-de-France, France, Europe | https://www.sephora.com |
| The Estee Lauder Companies Inc Class A | View profile | 62000 | 767 Fifth Avenue, New York, NY, United States, 10153 | https://www.elcompanies.com |
| Shiseido Co Ltd | View profile | 35859 | 5-5 Ginza 7-chome, Chuo-ku, Tokyo, Japan, 104-0061 | http://www.shiseido.co.jp |
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