The global lip care products market size reached US$ 2.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.77% during 2023-2028.
Lip care products refer to cosmetics that provide nourishment to the lips and protect them against external elements, such as cold temperature, dry wind and UV radiation. These products are mainly composed of beeswax or carnauba wax, camphor, cetyl alcohol, lanolin, paraffin and petrolatum. Some varieties of lip care products also contain dyes, flavors, fragrances, phenol, salicylic acid and sunscreens. Nowadays, manufacturers are introducing a wide variety of lip care products ranging from flavored balms to products containing organic ingredients to attract a wider consumer base. They are also offering lip care formulas in user-friendly packaging options, such as jars, tubes, sticks and roll-ons, for their convenient application and carriage.
Although females have always been the major consumer of lip care products, there has been a surge in male consumers in recent years, owing to the growing trend of personal grooming among men. Apart from this, as the prolonged, unprotected exposure of lips to the sun can result in wrinkling, premature aging or actinic cheilitis, it has resulted in an increased demand for sun protection lip care products among consumers. Besides this, there has been an increasing focus of manufacturers on product innovations, the development of long-lasting and fast-acting formulas and attractive product ranges for teenagers that have helped in creating a larger consumer base. For instance, they have introduced various flavored balms, like vanilla, mango and strawberry that add shimmer or shine to the lips, along with providing moisturization.
Lip care products refer to cosmetics that provide nourishment to the lips and protect them against external elements, such as cold temperature, dry wind and UV radiation. These products are mainly composed of beeswax or carnauba wax, camphor, cetyl alcohol, lanolin, paraffin and petrolatum. Some varieties of lip care products also contain dyes, flavors, fragrances, phenol, salicylic acid and sunscreens. Nowadays, manufacturers are introducing a wide variety of lip care products ranging from flavored balms to products containing organic ingredients to attract a wider consumer base. They are also offering lip care formulas in user-friendly packaging options, such as jars, tubes, sticks and roll-ons, for their convenient application and carriage.
Although females have always been the major consumer of lip care products, there has been a surge in male consumers in recent years, owing to the growing trend of personal grooming among men. Apart from this, as the prolonged, unprotected exposure of lips to the sun can result in wrinkling, premature aging or actinic cheilitis, it has resulted in an increased demand for sun protection lip care products among consumers. Besides this, there has been an increasing focus of manufacturers on product innovations, the development of long-lasting and fast-acting formulas and attractive product ranges for teenagers that have helped in creating a larger consumer base. For instance, they have introduced various flavored balms, like vanilla, mango and strawberry that add shimmer or shine to the lips, along with providing moisturization.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global lip care products market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and distribution channel.Breakup by Product Type:
- Non-Medicated
- Medicated and Therapeutic
- Sun Protection
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Retailers
- Pharmacies and Drug Stores
- Online Stores
- Others
Regional Insights:
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
Competitive Landscape:
The market is highly fragmented in nature, with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
- Kao Corporation
- Revlon, Inc.
- Beiersdorf AG
- The Clorox Company
- Unilever N.V./PLC
- Carma Labs, Inc.
- L'Oréal S.A.
- Bayer AG
- EOS Products, LLC
- Avon Products, Inc.
Key Questions Answered in This Report:
- What is the size of the global lip care products market?
- What has been the impact of COVID-19 on the global lip care products market?
- What are the key factors driving the global lip care products market?
- What is the breakup of the global lip care products market based on the product type?
- What is the breakup of the global lip care products market based on the distribution channel?
- What are the key regions in the global lip care products market?
- Who are the key companies/players in the global lip care products market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Lip Care Products Market
6 Market Breakup by Product Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Region
9 Lip Care Products Manufacturing Process
10 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Kao Corporation
- Revlon Inc.
- Beiersdorf AG
- The Clorox Company
- Unilever N.V./PLC
- Carma Labs Inc.
- L'Oréal S.A.
- Bayer AG
- EOS Products LLC
- Avon Products Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 144 |
Published | June 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 2.3 Billion |
Forecasted Market Value ( USD | $ 3.1 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |