World News: 14:05 GMT Friday 11th January 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Jan. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. Global lipstick market to cross $ 17 billion by 2023, on account of rising number of product innovations, increasing disposable income and rising demand from young and working women across the globe. Increasing preference for organic cosmetics, rapid urbanization and increasing internet usage coupled with growing demand for lipsticks across major developing countries owing to the increasing purchasing power of the consumers are few of the other market factors driving the lipstick market, globally. Additionally, marketing strategies such as advertisement of products on social networking sites such as Facebook, Twitter, YouTube and other websites by lipstick manufacturing companies are anticipated to further aid the global lipstick market over the coming years.
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Related Topics: Cosmetics
Globe Newswire: 14:05 GMT Friday 11th January 2019
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