According to TechSci Research report, ‘South America Lipstick Market By Product Type, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2013–2023’, South America lipstick market is anticipated to register a CAGR of more than 10% during 2018 – 2023. Anticipated growth in the market can be majorly attributed to rising sales of premium beauty and personal care products in Brazil. Brazil is the fourth-largest beauty market in the world, after the US, Japan and China. Moreover, increasing population of working women along with product innovation in the lipstick category is further anticipated to drive South America lipstick market. L’Oréal International, The Estée Lauder Companies Inc., Revlon, Inc., etc., are some of the major players operating in South America lipstick market.
Browse 25 Figures spread through 54 Pages and an in-depth TOC on “South America Lipstick Market”
Urban population share is rising in South American countries besides improving economic scenario in the region. These macro factors are expected to contribute to the rising demand for lipsticks across the region during forecast period. Supermarket/ hypermarket is the most preferred sales channel in South America as this channel provides customer access to multiple brands at a single location along with lucrative discounts and offers. However, owing to rising penetration of internet, online sales channel is anticipated to witness the fastest growth in South America during forecast period.
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“Changing lifestyle patterns coupled with increasing usage of social media are the key factors which are boosting the usage of beauty products in South America. Moreover, branded lipstick, which was once considered a luxury item has now become affordable and easily available too. Additionally, rising demand for organic cosmetics is fueling innovation in this category, which would further aid the growth of South America lipstick market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“South America Lipstick Market By Product Type, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2013–2023” has evaluated the future growth potential of lipstick market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in South America Lipstick market.
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