The lipstick market size was projected at $8.2 billion in 2018 and is predicted to hit $12.5 billion by 2026, with a CAGR of 5.5 per cent from 2019 to 2026. Lipstick is a cosmetics product that includes oils, pigments, waxes, and emollients that provide texture, colour, and safety to the lips. There is a wide range of lipsticks available on the market, from matte, sheer, satin dye, powder lipstick, among others. These lipsticks are also available in a range of colors such as rose, nude, blue, yellow, maroon, pink, and others. In addition, herbal and organic lipsticks are becoming increasingly popular with consumers worldwide.
