Global Cosmetic Pen and Pencil Market Outlook 2031

The global cosmetic pen and pencil market is likely to grow at a CAGR of 8.1% over the forecast period. Market generated a revenue of around USD 2,300 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 5,000 Million by the end of 2031. Higher sales of cosmetic products, backed by the growing number of people using makeup products, along with the availability of different types of cosmetic products worldwide are some of the major factors anticipated to drive the growth of the market during the forecast period.

The global cosmetic pen and pencil market is segmented by product type, material type, application, consumer and by region. On the basis of application market is further fragmented into lip, eye, skin glossing pencil, clean-up pencil, concealer pencil, cheek balm, and nail. The lip segment is anticipated to garner the highest revenue of around USD 1,700 million by the end of 2031. This growth is on the account of increasing demand of lip liners and lipstick crayons. The lip segment is to grow at a CAGR of 9.0% over the forecast period.

On the basis of region, the global cosmetic pen and pencil market is analyzed by the markets of North America, Europe, Latin America, Asia-Pacific and Middle-east and Africa. The market in Asia Pacific collected the highest revenue of around USD 2,000 million in 2021. By the end of 2031, it is estimated to garner a revenue of nearly USD 800 million, by growing at the CAGR of 9.1% over the forecast period. Factors such as increased online sales of cosmetic products and rising need of cosmetics among population is expected to boost the market growth in Asia Pacific.

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cosmetic pen and pencil market that are included in the report are Confalonieri Matite s.r.l, L'Oréal Paris, LVMH, Barry M, Wycon SPA, Percassi, Pixi - Sjovik Ltd., KOSÉ Corporation, Faber-Castell Cosmetics GmbH, Clarins and others.