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Lip Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4775821
  • Report
  • Region: Global
  • 106 pages
  • IMARC Group
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FEATURED COMPANIES

  • Bayer
  • Kao Corporation
  • L’Oréal
  • Revlon Inc.
  • Unilever
  • MORE
The global lip care products market was worth US$ 1.94 Billion in 2018. The market is further projected to reach a value of US$ 2.51 Billion by 2024, exhibiting a CAGR of 3.7% during 2019-2024. Lip care products provide nourishment to lips and protect them from exposure to sun, dust, and the drying effects of cold and wind. These products are mainly composed of beeswax or carnauba wax, camphor, cetyl alcohol, lanolin, paraffin, petrolatum, and various other ingredients. Some varieties of lip care products also contain dyes, flavours, fragrances, phenol, salicylic acid and sunscreens. These products are available in a variety of packaging options such as small sticks, pots, jars and tins. Nowadays, the manufacturers are introducing a wide variety of lip care products ranging from products containing organic ingredients to flavoured balms.

Global Lip Care Products Market Drivers/Constraints:

Although females have been the major consumers of lip care products, the market has witnessed a significant interest from male consumers as well, owing to the growing trend of personal grooming among them.

The prolonged, unprotected exposure of lips to the sun can result in wrinkling, premature aging or actinic cheilitis. This has led to an increase in the demand for sun protection lip care products among the consumers.

The increasing focus of the manufacturers on product innovations, development of long-lasting and faster formulas, and attractive product ranges for teenagers have helped in creating a larger consumer-base.

One of the major growth-inhibiting factors is the presence of harmful ingredients, such as artificial skin softeners, manufactured waxes, alcohol, silicon dioxide, etc. in synthetic balms which not only damage the lips but also promote cancer.

Product Type Insights:

Based on type, the market has been segmented as non-medicated lip care products, medicated and therapeutic lip care products, and sun protection lip care products. Amongst these, non-medicated lip care products represent the most popular product type.

Distribution Channel Insights:

On the basis of distribution channel, supermarkets and hypermarkets are the dominant segment, holding the majority of the market share. Owing to the availability of different brands, larger shelf-space and convenience of choosing the product, hypermarkets and supermarkets are highly popular as a distribution channel. They are followed by specialty retailers, pharmacies and drug stores, online stores and others.

Regional Insights:

Region-wise, Asia-Pacific represents the leading market for lip care products, holding the largest share. Asia-Pacific is followed by Europe. Other major regions include North America, Latin America, and Middle East and Africa.

Competitive Landscape:

The lip care products market is concentrated in nature with a handful of players accounting for the majority of the total global market. Some of the leading players are:

L'Oréal
Revlon, Inc.

Kao Corporation
Bayer
Unilever

This report provides a deep insight into the global lip care products market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the lip care products market in any manner.

Key Questions Answered in This Report:

How has the global lip care products market performed so far and how will it perform in the coming years?
What are the key regions in the global lip care products market?
Which are the popular product types in the global lip care products market?
What are the various distribution channels in the global lip care products market?
What are the various stages in the value chain of the global lip care products market?
What are the key driving factors and challenges in the global lip care products market?
What is the structure of the global lip care products market and who are the key players?
What is the degree of competition in the global lip care products market?
How are lip care products manufactured?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bayer
  • Kao Corporation
  • L’Oréal
  • Revlon Inc.
  • Unilever
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Lip Care Products Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Distribution Channel
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing
5.8.6 Distribution
5.8.7 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes

6 Market Breakup by Product Type
6.1 Non-Medicated Lip Care Products
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Medicated and Therapeutic Lip Care Products
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Sun Protection Lip Care Products
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Distribution Channel
7.1 Supermarkets and Hypermarkets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Specialty Retailers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Pharmacies and Drug Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Online Stores
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast

8 Market Breakup by Region
8.1 Europe
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Latin America
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Forecast

9 Lip Care Products Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 L'Oréal
10.3.1.1 Company Overview
10.3.1.2 Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 SWOT Analysis
10.3.2 Revlon, Inc.
10.3.2.1 Company Overview
10.3.2.2 Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.3 Kao Corporation
10.3.3.1 Company Overview
10.3.3.2 Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 SWOT Analysis
10.3.4 Bayer
10.3.4.1 Company Overview
10.3.4.2 Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.4.5 SWOT Analysis
10.3.5 Unilever
10.3.5.1 Company Overview
10.3.5.2 Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
Note: Product cover images may vary from those shown
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  • L’Oréal
  • Revlon Inc.
  • Kao Corporation
  • Bayer
  • Unilever
Note: Product cover images may vary from those shown
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