Lip Care Products Market: Global Industry Trends, Growth, Share, Demand by Region & Forecast 2024

Global Lip Care Products Market Research Report and Forecast 2024

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Global Lip Care Products Market Overview: Lip care has become an essential part of the day-to-day personal-care regime as the skin on lips is thinner due to which it is easier for them to crack and chap quickly. The products which are manufactured for the purpose of lip care offer nourishment and protection to the lips against drying effects and dust. Lip care products are manufactured by using various raw materials such as beeswax, flavours, dyes, paraffin, camphor, sunscreens and fragrances along with other ingredients. A new research report by IMARC Group, titled “Lip Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the market was worth US$ 1.94 Billion in 2018. The report further anticipates the market to reach US$ 2.51 Billion by 2024, at a projected CAGR of 3.7% over the forecast period.

Global Lip Care Products Market Drivers/Constraints • •

Over the past few years, consumers have become conscious about their personal health such as protecting their lips against overexposure to the sun. This is one of the major factors which is driving the growth of the global lip care products market.

The confluence of a rise in the availability of products for men and various product innovations by manufacturers has highly contributed to the overall growth of the market.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

•

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Moreover, increasing affordability of lip care products, flourishing cosmetics industry, rising disposable incomes, rapid urbanisation and changing lifestyles are some of the other factors which are positively influencing the growth of the market.

Request for a free sample report: https://www.imarcgroup.com/lip-care-products-market/requestsample

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However, the usage of various chemicals such as parabens, lead, cadmium chromium and petrolatum for the preparation of lip care products are several factors which are impeding the market growth as these chemicals are harmful for human consumption.

Lip Care Products Market Segmentation Market Segmentation by Product Type • • •

Non-Medicated Lip Care Products Medicated and Therapeutic Lip care Products Sun Protection Lip Care Products

On the basis of product type, there are a large number of lip care products available in the market.

Currently, non-medicated lip product account for the majority of the market share. It is followed by medicated and therapeutic lip care products, and sun protection lip care products.

Market Segmentation by Distribution Channel •

Supermarkets and Hypermarkets

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Report Description • • • •

Specialty Retailers Pharmacies and Drug Stores Online Stores Others

The market has been further segregated on the basis of distribution channel which include supermarkets and hypermarkets, specialty retailers, pharmacies and drug stores, online stores and others. Among these, supermarkets and hypermarkets represent the largest segment.

For more information, click here: https://www.imarcgroup.com/lip-care-products-market Market Segmentation by Region • • • • •

Europe North America Asia Pacific Latin America Middle East and Africa

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On a geographical front, Asia-Pacific enjoys the leading position in the market owing to rapidly changing fashion and beauty trends. This can also be accredited to the cold weather conditions of western countries which results in numerous lip problems and infections. Asia-Pacific is followed by Europe, Latin America, and Middle East and Africa.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • •

Kao Corporation Revlon Beiersdorf Clorox Unilever Carma Labs L'Oréal Bayer EOS Avon Products

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North America Lip Care Products Market Report: https://www.imarcgroup.com/north-america-lip-care-product-market

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