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Global Lip Care Products Market to Grow at a CAGR of 3.80% over the Forecast Period of 2024-2032

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Lip Care Products Market

Global Lip Care Products Market Share, Size, Forecast: By Product Type: Non-Medicated Lip Care Products, Medicated and Therapeutic Lip Care Products, Sun Protection Lip Care Products; By Distribution Channel: Supermarkets and Hypermarkets, Specialty Retailers, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Lip Care Products Market Outlook

The global lip care products market reached a value of around USD 2.22 billion in 2023. The market is further expected to grow at a CAGR of 3.80% in the forecast period of 2024-2032 to reach a value of around USD 3.11 billion by 2032.

 

The Asia Pacific is the dominant region for the lip care products market, accounting for the largest share, followed by Europe. Other major markets include North America, the Middle East and Africa, and Latin America. Supermarkets and hypermarkets are the leading distribution channels, accounting for a significant share in the market.

 

Lip Care Products Market

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The lip care products industry is being aided by the personal care industry, which is growing at a rapid rate due to the increasing demand for the product among a wide range of population, including men and women. The growing consciousness about personal appearance among consumers is driving the demand for the product. Non-medicated lip care products are the dominating types. The addition of organic lip care ingredients in lipsticks and cosmetics is taking the market growth further, especially in the Asia Pacific region. The constantly changing and harsh weather conditions, as well as environmental pollution, especially in countries like India, causes damage to the lips, making them dry and chapped. This is garnering more attention from the consumers towards lip care products.

 

Market Segmentation

Lip care products are used to hydrate and protect lips from getting dry or sore. These products are applied topically and are helpful in keeping the lips soft and make them feel better. Lip care products offer nourishment and moisturisation to the lips and safeguard them from exposure to sunlight, dirt, and the drying symptoms of wind and cold. Such products consist mainly of camphor, beeswax or carnauba wax, paraffin, lanolin, petrolatum, and other ingredients. Such products are available in a variety of packaging types, such as small sticks, containers, and tins. These are available in various types, texture, and flavours.

 

Lip Care Products Market by Type

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The types of lip care products are:

  • Non-Medicated
  • Medicated and Therapeutic 
  • Sun Protection

The distributional channels can be segmented as:

  • Supermarkets and Hypermarkets
  • Specialty Retailers
  • Pharmacies and Drug Stores
  • Online Stores
  • Others

The EMR report also covers the regional lip care products markets like North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.

 

Lip Care Products Market by Region

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Market Analysis

The market for lip care products is primarily being driven by the growing personal care, cosmetics, as well as pharmaceuticals industries. The personal care industry is thriving due to the rapidly increasing demand from both males and females. Although the demand for the products is higher among the female population, the demand among men is also rising due to the growing grooming industry. 

With the constant exposure to sun adversely affecting the lips, the rising demand for lip care products with sun protection formula is also pushing the market growth further. New innovations with the addition of natural ingredients, flavours, and attractive packaging are attracting more consumers to the market, thus, aiding the market growth. The demand for long-lasting and effective formula is driving more growth among the population, especially teenagers. The people suffering from severely chapped lips are demanding lip care products with moisturising abilities.

The lip care products market is also being driven due to the growing economies of the countries, which has led to an increase in the purchasing power of people, enabling them to spend more on personal care products. Urbanisation and globalisation also contribute significantly due to the addition of multiple brands across regions, thus, driving more demand.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global lip care products market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Unilever
  • Beiersdorf
  • New Avon Company
  • Revlon
  • L'Oréal Paris
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Distribution Channel
  • Region
Breakup by Product Type
  • Non-Medicated Lip Care Products
  • Medicated and Therapeutic Lip Care Products
  • Sun Protection Lip Care Products
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Specialty Retailers
  • Pharmacies and Drug Stores
  • Online Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Unilever
  • Beiersdorf
  • New Avon Company
  • Revlon
  • L'Oréal Paris
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Lip Care Products Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Lip Care Products Historical Market (2018-2023) 
    8.3    Global Lip Care Products Market Forecast (2024-2032)
    8.4    Global Lip Care Products Market by Product Type
        8.4.1    Non-Medicated Lip Care Products
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Medicated and Therapeutic Lip Care Products
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Sun Protection Lip Care Products
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Lip Care Products Market by Distribution Channel
        8.5.1    Supermarkets and Hypermarkets
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Specialty Retailers
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Pharmacies and Drug Stores
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Online Stores
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Lip Care Products Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Lip Care Products Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Lip Care Products  Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Lip Care Products Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Lip Care Products Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Lip Care Products Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Manufacturing Process
    16.1    Detailed Process Flow
    16.2    Operations Involved
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Unilever
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Financial Summary
            17.2.1.5    Certifications
        17.2.2    Beiersdorf
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Financial Summary
            17.2.2.5    Certifications
        17.2.3    New Avon Company
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Financial Summary
            17.2.3.5    Certifications
        17.2.4    Revlon
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Financial Summary
            17.2.4.5    Certifications
        17.2.5    L'Oréal Paris
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Financial Summary
            17.2.5.5    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Lip Care Products Market: Key Industry Highlights, 2018 and 2032
2.    Global Lip Care Products Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Lip Care Products Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Lip Care Products Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5.    Global Lip Care Products Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6.    Global Lip Care Products Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Lip Care Products Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Lip Care Products Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Lip Care Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Lip Care Products Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Lip Care Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Lip Care Products Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Lip Care Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Lip Care Products Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Lip Care Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Lip Care Products Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Lip Care Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Lip Care Products Market Structure

Key Questions Answered in the Report

What was the market size in 2023?

The global lip care products market attained a value of USD 2.22 billion in 2023. 

What is the growth rate of the global lip care products market?

The market is projected to grow at a CAGR of nearly 3.80% in the forecast period of 2024-2032.

What is the forecast outlook of the global lip care products market for 2024-2032?

The market is estimated to reach a value of about USD 3.11 billion by 2032.

What are the major market drivers?

The major drivers of the market include rising disposable incomes, increasing population, and the growing personal care, cosmetics, as well as pharmaceutical sectors.

What are the key trends of the market?

The growing popularity of lip care products with sun protection formula and increasing demand for medicated and therapeutic lip care products are key trends guiding the growth of the market.

What are the major regional markets, according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.

What are the various product types in the market?

The various product types in the global lip care products market are non-medicated lip care products, medicated and therapeutic lip care products, and sun protection lip care products. 

What are the different distribution channels in the market?

Supermarkets and hypermarkets, specialty retailers, pharmacies and drug stores, and online stores, among others, are the different distribution channels in the market. 

Who are the key market players, according to the report?

The leading players in the market are Unilever, Beiersdorf, New Avon Company, Revlon, and L'Oréal Paris, among others.

Analyst Review

The global lip care products market attained a value of USD 2.22 billion in 2023 driven by the growing personal care, cosmetics, and the pharmaceuticals industries. Aided by the new innovations, with the addition of natural ingredients, flavours, and attractive packaging, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.80%. The industry is projected to reach USD 3.11 billion by 2032. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into non-medicated, medicated, and therapeutic, and sun protection, with non-medicated accounting for the largest market share. On the basis of distribution channel, the supermarkets and hypermarkets sector accounts for the largest share in the global industry. The major regional markets for lip care products are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Unilever, Beiersdorf, New Avon Company, Revlon, and L'Oréal Paris, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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