Lip Care Products Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Lip Balms, Lip Scrubs, Lip Masks, Lip Conditioners, Others), By Product Type (Medicated, Non-Medicated, Sun Protection), By Packaging (Stick, Tube, Others), By End-User (Male, Female), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacy & Drug Stores, Specialty Stores,

Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Lip Care Products Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Lip Balms, Lip Scrubs, Lip Masks, Lip Conditioners, Others), By Product Type (Medicated, Non-Medicated, Sun Protection), By Packaging (Stick, Tube, Others), By End-User (Male, Female), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacy & Drug Stores, Specialty Stores,

Forecast Period2024-2028
Market Size (2022)USD1.8 Billion
CAGR (2023-2028)11.81%
Fastest Growing SegmentOnline
Largest MarketAsia-Pacific

The Global Lip Care Products Market size is anticipated to grow during the forecast period due to increasing demand for organic & natural products, and rising demand for flavored lip care products.

Global Lip Care Products Market Scope

The Global Lip Care Products Market includes a wide range of products that are designed to protect and nourish the lips. These products can be categorized into various types, including lip balms, lip conditioners, lip masks, lip oils, lip scrubs, etc.

Based on product type, the market is segmented into medicated, non-medicated, and sun protection lip care products. Medicated lip care products are those that are formulated to treat specific lip conditions, such as cold sores, chapped or cracked lips, and infections. These products contain active ingredients that provide therapeutic benefits and may require a prescription from a healthcare professional. Non-medicated lip care products are those designed to moisturize, nourish, and protect the lips without containing any active medicinal ingredients. These products are used for daily lip care and maintenance and are found at in various forms, including lip balms, lip oils, and lip scrubs, etc. Sun protection lip care products are designed to protect the lips from the harmful effects of the sun's ultraviolet (UV) rays. These products typically contain ingredients such as titanium dioxide, zinc oxide, avobenzone, and octinoxate that provide broad-spectrum protection against both UVA and UVB rays.

Global Lip Care Products Market Overview

The Global Lip Care Products Market is a highly competitive and dynamic industry. Lip care products are used to keep the lips moisturized, protect them from environmental damage, and improve their appearance. The market includes various types of products such as lip balms, lip oils, and lip masks, etc. The increasing demand for natural and organic lip care products, and the availability of a wide range of products in various flavors, colors, and textures driving the growth of the market. For example, in June 2021, Ethique, a New Zealand-based beauty products company, have launched the first line of zero-waste lip balms in home-compostable, plastic-free packaging. To keep lips hydrated and smooth, the lip balms contain ingredients like jojoba oil, moringa oil, and castor oil.

Global Lip Care Products Market Drivers

Rising consumer awareness of the importance of protecting one's lips from excessive sun exposure as well as the accessibility of lip care products will be key factors propelling the Global Lip Care Products Market during the forecast period.

The growing demand for organic and natural products drives the Global Lip Care Products Market during the forecast period. Customers are increasingly looking for organic and natural lip care products that are free of hazardous chemicals and artificial components as they become more health conscious. This has led to a rise in demand for natural and organic lip care products.

Factors such as pollution, exposure to sunlight, and weather conditions can contribute to lip problems and lip care products can help prevent and treat these issues. Also, changing consumer preferences, such as a shift towards natural and sustainable products, as well as changing lifestyles, such as increased travel and exposure to different climates, are driving the demand for lip care products.

Global Lip Care Products Market Trends

A major trend in the Global Lip Care Products Market is increasing the popularity of tinted and flavored lip care products. Consumers are increasingly looking for lip care products that offer multiple benefits, such as sun protection, nourishment, and moisturization along with these benefits customers desires products that provides hydration and protection with addition of color and flavor to their lips. Tinted and flavored lip balms are becoming more popular as they offer a two-in-one solution for consumers. Also, the rise in demand for multi-functional lip care products fuels the Global Lip Care Products Market Growth.

Furthermore, the growing popularity of online sales channels among consumers has become a major trend in the Global Lip Care Products Market. The rise of e-commerce platforms and social media marketing is making it easier for consumers to discover and purchase lip care products. Online sales channels offer convenience, competitive pricing, and a wider range of product choices for consumers.

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Global Lip Care Products Market Challenges

A major challenge in the Global Lip Care Products Market is fluctuating raw material prices which impedes the Global Lip Care Products Market Growth. The prices of raw materials used in lip care products, such as shea butter, beeswax, and essential oils fluctuate due to factors such as supply and demand, weather conditions, and geopolitical events. This can impact the pricing and availability of lip care products.

Furthermore, some synthetic ingredients used in lip care products, such as parabens and phthalates, have been linked to health concerns like endocrine disruption which impedes the Global Lip Care Products Market growth. This has led to increasing consumer demand for natural and organic lip care products, which can pose a challenge for manufacturers who rely on synthetic ingredients.

Recent Developments

  • In the year 2023, Himalaya Wellness Company, theherbal health and personal care brand launched two new lip balms variationssuch as Cherry Shine and Berry Shine Lip Balms in the market.
  • In 2022, The Lip Balm Company launched fourenvironmentally friendly "Travel Minis lip balms" in 1g squeezetubes.
  • In the year 2022, “ALANNA”, India's lip carebrand, launched the World's First Lip Wash for both men and women.
  • In 2022, the brand “ChapStick”, launched the GreenApple lip balm in the market which helps in hydrating the lips.
  • In the year 2022, "Pili Ani", aFilipina-owned skincare brand, has launched the moisturizing Pili Lip Buttersin the United States. Pili Lip Butters are moisturizing, revitalizing, andinclude antioxidants, fatty acids, and vitamin E.
  • In 2022, Nuxe launched honey-based lip balms, underthe brand name "Reve de Miel", which are made with 100% natural-originingredients.
  • In the year 2022, the brand “Rhode Skin” launchedthe Peptide Lip Treatment in the market. It comes in three different flavorssuch as salted caramel, watermelon slice, and unscented.

Global Lip Care Products Market Opportunities

The Global Lip Care Products Market presents numerous opportunities for growth and development. The rising popularity of organic lip care products among consumers presents an opportunity to manufacturers to enter the market to have a competitive edge in the market. Additionally, the online retail segment is expected to witness significant growth over the forecast period, owing to the convenience of online shopping and the increasing popularity of e-commerce platforms. Manufacturers are capitalizing on this trend by expanding their online presence and investing in online marketing to reach a wider audience.

Moreover, the rising awareness about the importance of lip health and the growing popularity of lip care products in emerging economies such as China, India, and Brazil present significant growth opportunities for manufacturers to enter the Global Lip Care Products Market. These regions have a large consumer base which makes them attractive markets for lip care products.

Company Profiles

L'Oreal S.A., Unilever PLC, Beiersdorf AG, Colgate-Palmolive Company,

Market Segmentation

The Global Lip Care Products Market is segmented into type, product type, packaging, end-user, distribution channel, and region. Based on type, the market is segmented into lip balms, lip scrubs, lip masks, lip conditioners, and others. Based on product type, the market is segmented into medicated, non-medicated, and sun protection. Based on packaging, the market is segmented into stick, tube, and others. Based on end-user, the market is segmented into male and female. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacy & drug retailers, specialty retailers, online, and non-retail.

AttributeDetails
Base Year2022
Historical Years2018 – 2021
Estimated Year2023
Forecast Period2024 – 2028
Quantitative UnitsRevenue in USD Billion and CAGR for 2018-2022 and 2023-2028
Report CoverageRevenue forecast, company share, competitive landscape, growth factors, and trends
Segments CoveredTypeProduct TypePackagingEnd-UserDistribution ChannelRegion
Regional ScopeAsia-Pacific, North America, Europe, Middle East & Africa, and South America
Country ScopeChina, India, Japan, South Korea, Australia, United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Saudi Arabia, UAE, South Africa, Turkey, Brazil, Argentina, Colombia
Key Companies ProfiledL'Oreal S.A., Unilever PLC, Beiersdorf AG, Colgate-Palmolive Company, The Estée Lauder Companies Inc., Johnson & Johnson Services, Inc., The Avon Company, Shiseido Cosmetics, Revlon Consumer Products Corporation, and Himalaya Global Holdings Ltd., etc.
Customization Scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase OptionsAvail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)
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Asia-Pacific

North America

Europe

Middle East & Africa

South America

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