The Lip Care Product Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Lip Care Product Global Market Report 2024, The lip care product market size has grown strongly in recent years. It will grow from $2.33 billion in 2023 to $2.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to aging population and anti-aging products, beauty and cosmetics trends, natural and organic product demand, seasonal variations and weather conditions, influence of fashion and trends.
The lip care product market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to health-conscious consumer base, shift in beauty standards and fashion, expansion into emerging markets, influence of social media and influencers, focus on sun protection. Major trends in the forecast period include portable and on-the-go solutions, inclusive beauty and diverse representation, advent of multi-functional lip products, influence of influencers and social media, focus on lip treatments and overnight masks.
Rising urbanization all over the globe is expected to propel the growth of the lip care product market going forward. Urbanization refers to the movement of people from rural to urban settings and increasing population densities in urban areas. Growth in urbanization is increasing the focus on personal care, body appearance, beauty, and health consciousness, which will further drive the lip care product market growth. For instance, according to the Department of Economic and Social Affairs of the United Nations, 68% of the world’s population ( 2.5 billion) is projected to live in urban areas by 2050. Therefore, rising urbanization is driving the growth of the lip care product market.
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The lip care product market covered in this report is segmented –
1) By Product Type: Lip Balm, Lip Butter, Lip Conditioner, Lip Scrub, Other Product Types
2) By Gender: Female, Male
3) By Packaging Range: Stick Packaging, Tube Packaging, Cosmetic Packaging, Other Packaging Ranges
4) By Distribution Channel: Hypermarkets And Supermarkets, Pharmacy And Drug Store, Specialty Store, Online, Other Distribution Channels
Major companies operating in the lip care product market are increasing their focus on introducing eco-friendly lip liners, such as PowerUpYourPout, to gain a competitive edge in the market. Eco-friendly lip liners are cosmetic products that define and outline the lips using sustainable and environmentally conscious features. For instance, in November 2023, Schwan Cosmetics, a Germany-based cosmetic company, launched a new eco-friendly mechanical lip liner called PowerUpYourPout. The lip liner is refillable and made from skin-friendly ingredients, which reflects the brand's commitment to sustainability and environmentally conscious consumers. The PowerUpYourPout lip liner is designed to be long-lasting while providing a smooth and precise application.
The lip care product market report table of contents includes:
1. Executive Summary
2. Lip Care Product Market Characteristics
3. Lip Care Product Market Trends And Strategies
4. Lip Care Product Market - Macro Economic Scenario
5. Global Lip Care Product Market Size and Growth
.....
32. Global Lip Care Product Market Competitive Benchmarking
33. Global Lip Care Product Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lip Care Product Market
35. Lip Care Product Market Future Outlook and Potential Analysis
36. Appendix
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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.Get more information on "Global Lip Care Products Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/lip-care-products-market/download-sampleMarket DynamicsAlthough 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.
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.
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.
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The study offers a scrutiny of all regional factors and key global trends that have impacted the growth dynamic during the historical period.
The sizing of the key segments and regional markets are offered in both in relation to value (US$Mn/Bn) and volume (n units) during the forecast period 2017 – 2026.
The study by Fact.MR offers an uncluttered overview of prevailing opportunities in various regions, promising avenues in key segments, and competitive landscape.
The study provides insights into major opportunities, prevailing competitive dynamics, and key government regulations that will be crucial to the expansion of key regional markets.
Request for Sample Report with statistical info @ https://www.factmr.com/connectus/sample?flag=S_id=495The unpredictable COVID-19 pandemic has dug a hole in the profits of various sectors around the world.
It has caused an economic earthquake and has brought unprecedented losses.
