Australia Lip Balms Market, By Type, By Packaging, By Color, By Gender, By Application, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2027

Factors such as increased willingness to spend on self-care products and the rise in the per capita income of consumers are driving the demand for Australia lip balm market

The Australia lip balm market is anticipated to grow at an impressive CAGR growth in the forecast period, 2023-2027. Factors such as increased willingness to spend on self-care products and the rise in the per capita income of consumers are driving the demand for Australia lip balm market. Market players are adopting aggressive marketing strategies and introducing organic products that contain plant-based or herbal ingredients, which are expected to fuel the market growth in the forecast period. Also, the use of online platforms by market players to advertise and expand the reach of their products to a wider audience and the ongoing trend of personal grooming and wellness is expected to create numerous growth opportunities for the market players in the next five years.

The Australia lip balm market segmentation into type, packaging, color, gender, application, distribution channel, regional distribution, and Competitive Landscape. Based on type, the market is bifurcated into solid cream and liquid gel. Solid cream lip balms are a type of lip care item with a cream consistency (semi-solid). For a very long time, lip balm's primary ingredients were wax and alcohol. However, as demand for organic products has increased, manufacturers have started using organic and plant-based substances in addition to beeswax to create high-quality solid-cream lip balms.

The major market players operating in the Australia lip balm market are L'Oréal Australia, Estée Lauder Corporate Store (M.A.C), Unilever Australia Group Pty Ltd, Avon Products Pty Limited, Revlon Australia Pty Limited, Beiersdorf Health Care Australia Pty Ltd, Carma Laboratories, Inc., Burt's Bees Australia, Kao Australia Pty Ltd., Procter & Gamble Australia Pty Ltd, among others.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022E
• Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze the historical growth in the market size of Australia lip balm market from 2017 to 2021.
• To estimate and forecast the market size of Australia lip balm market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast Australia lip balm market based on type, packaging, color, gender, application, distribution channel, regional distribution, and competitional landscape.
• To identify dominant region or segment in the Australia lip balm market.
• To identify drivers and challenges for Australia lip balm market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia lip balm market.
• To identify and analyze the profile of leading players operating in Australia lip balm market.
• To identify key sustainable strategies adopted by market players in Australia lip balm market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers, suppliers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufactures which could not be identified due to the limitations of secondary research. The publisher analyzed the manufactures, distribution channels and presence of all major players across the country.

The publisher calculated the market size of Australia lip balm market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.

Key Target Audience:

• Lip balms manufacturers, end users, and other stakeholders
• Distributers and suppliers of the product and other stakeholders
• Organizations, forums, and alliances related to lip balms
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Australia lip balm market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Australia Lip Balm Market, By Type:

• Solid Cream
• Liquid Gel

Australia Lip Balm Market, By Packaging:

• Stick
• Tube
• Mini Jar

Others

• Egg Ball
• Unique Shape

Australia Lip Balm Market, By Color:

• Tinted
• Non-Tinted

Australia Lip Balm Market, By Gender:

• Women
• Men
• Unisex

Australia Lip Balm Market, By Application:

• Cosmetic
• Medicinal

Australia Lip Balm Market, By Distribution Channel:

• Supermarket/ Hypermarkets
• Beauty and Cosmetics Store
• Pharmacies and Drug Stores
• Online

Others

• Departmental Stores
• Independent Retail Store

Australia Lip Balm Market, By Region:

• Northern Territory
• Queensland
• New South Wales
• Tasmania
• Victoria
• South Australia
• Western Australia

Competitive Landscape

• Company Profiles: Detailed analysis of the major companies present in Australia lip balm market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).