The new research report titled "Lip Care Products Market Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market. The report highlights the significant players, including market size, share, and demand, development. This report further covers the latest trends, technological advancements, and growth opportunities.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lip care products market include 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 and Avon Products, Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
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.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of lip care products.
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Market Segmentation
The entire lip care products market has been sub-categorized into product type and distribution Channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Non-Medicated
- Medicated and Therapeutic
- Sun Protection
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Retailers
- Pharmacies and Drug Stores
- Online Stores
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for lip care products market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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April 26, 2019: Global Lip Care Products Market is expected to witness a higher CAGR growth in the projected period.
Also, the cosmetic manufacturing industries are going green owing to laying emphasis on natural ways of life.
Moreover, the cosmetics are prepared from herbal medicines, natural food and organic vegetable products.In this regards, lips are the most sensitive part of body and the top corneum layer of a regular skin possesses 15-16 protection layers since there are a few melanin cells.
Lip care products or lip balms are formulations applied on the lips to prevent drying and protection against adverse environmental factors.
Common lip products include base, waxes, oils, coloring agent and flavoring agent.
Moreover, the market witnesses manufacture of novel products with faster and longer formulae that offer extraordinary benefits such as hydration and moisturizing.Based on product segmentation, the lip care product market includes medicated & therapeutic, non-medicated and sun protection.
Europe lip care products market reached a value of US$ 632 Million in 2018.
As the skin on the lips is thin, therefore they are often the first to present the signs of dryness.
These products relieve and moisturize dry lips, angular cheilitis, stomatitis or cold sores.
Females generally represent the main consumers of lip care products in Europe, however, catalyzed by a growing trend of personnel grooming among men, the number of male consumers is also continuously increasing.
Various manufacturers are now also investing in product innovations, faster and long-lasting formulas, and adding attractive ranges to increase their consumer base.
Germany currently represents the largest market in Europe followed by the United Kingdom.
