The Growth of the Market is Attributed to An Increase in Demand for Cheaper, Healthier, and Organic Lip Care Products Over Chemical-Based Lip Balms by the Customers and the Growing Population of Working Women in the Region.
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The Europe lip balm market is projected to witness robust growth during the forecast period, 2023-2027. The growth of the market is attributed to an increase in demand for cheaper, healthier, and organic lip care products over chemical-based lip balms by the customers and the growing population of working women in the region. Also, the adoption of online platforms by the market players to reach a wider audience and the introduction of new lip balms varying in price range, size, and capacity are expected to fuel the market growth in the coming years. Lip balms are applied over the lips as a moisturizing and protective layer to prevent drying and chapping. Traditionally, these balms have been sold as chapsticks. Growing social media influence and increasing trend of personal grooming and wellness are some of the factors propelling the market growth. Moreover, market players are focusing on research & development activities to develop skin-friendly and premium products, which is anticipated to support market growth.
Lips are frequently the first body part to show indications of dryness because of their thin skin. These items soothe and moisturize angular cheilitis, stomatitis, cold sores, and dry lips. Bee-wax or carnauba wax, camphor, acetyl alcohol, lanolin, paraffin, and petroleum are just a few of the chemicals included in lip care products, which are made of a gel or wax-like substance. Increasing concerns related to prolonged sun exposure, dryness, premature aging,
The Europe lip balm market is segmented into type, packaging, color, flavor, gender, price range, distribution channel, competitive landscape, and country. Based on type, the market is divided into solid cream and liquid gel. Solid cream lip balms are a type of cream-based lip care product (semi-solid). For a very long time, lip balms were only made of wax and alcohol, but with the rise in demand for organic products, manufacturers have begun combining organic and plant-based components in addition to beeswax to create high-quality solid-cream lip balms.
Major market players operating in the Europe lip balm market are CHANEL, Yuesai, Max Factor, Elizabeth Arden, Clinique, MARY KAY, Mentholatum, Maybelline, Nivea, Kiehl, MAC, DHC, SHISEIDO, Lancome, Neutrogena, L’Oreal, NUXE, Revlon, Burt’s Bees, Blistex, Vaseline, EOS, Carmex, Labello, ChapStick, Lip Smacker, AVON, Lypsyl, CARSLAN, Ainuo, among others.
Objective of the Study:
- To analyze and forecast the market size of Europe lip balm from 2017 to 2021.
- To estimate and forecast the market size of Europe lip balm market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast Europe lip balm market based on type, packaging, color, flavor, gender, price range, distribution channel, competitional landscape, and country distributions.
- To identify dominant region or segment in the Europe lip balm market.
- To identify drivers and challenges for Europe lip balm market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Europe lip balm market.
- To identify and analyze the profile of leading players operating in Europe lip balm market.
- To identify key sustainable strategies adopted by market players in Europe 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, and service providers 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 Europe 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.
Key Target Audience:
- Manufacturers, end users, and other stakeholders
- Distributers and suppliers and other stakeholders
- Organizations, forums, and alliances related to lip balms and lip care products.
- 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, Europe lip balm market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Europe Lip Balm Market, By Type:
- Solid Cream
- Liquid Gel
Europe Lip Balm Market, By Packaging:
- Stick
- Tube
- Mini Jar
- Others
- Egg Ball
- Unique Shape
Europe Lip Balm Market, By Color:
- Tinted
- Non-Tinted
Europe Lip Balm Market, By Flavor:
- Flavored
- Unflavored
Europe Lip Balm Market, By Gender:
- Women
- Men
- Unisex
Europe Lip Balm Market, By Price Range:
- Premium
- Mid
- Low
Europe Lip Balm Market, By Distribution Channel:
- Supermarket/ Hypermarkets
- Beauty and Cosmetics Store
- Pharmacies and Drug Stores
- Online
- Others
- Departmental Stores
- Independent Retail Store
Europe Lip Balm Market, By Country:
- Germany
- United Kingdom
- France
- Italy
- Spain
- Ukraine
- Poland
- Romania
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Europe lip balm market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CHANEL
- Yuesai
- Max Factor
- Elizabeth Arden
- Clinique
- MARY KAY
- Mentholatum
- Maybelline
- Nivea
- Kiehl
