The global lip care product market reached a value of around USD 2.1 billion in 2019. The market is further expected to grow at a CAGR of 3.5% in the forecast period of 2020-2025 to reach a value of around USD 2.5 billion by 2025.
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The Asia Pacific is the leading region in the industry, accounting for the largest share. The regional market is being driven by the growing personal care industry and changing beauty trends, aided by the growing globalisation and increasing economies. Europe and North America are also significant regional markets in the industry. Supermarkets and hypermarkets are the leading distribution channels, accounting for a substantial share in the market.
The lip care product 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 product is the leading type of lip care product in the industry. The addition of organic ingredients in lipsticks and cosmetics is propelling 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 product.
Properties and Applications
Lip care products are used to hydrate and protect lips from getting dry or sore. These products are applied topically and help keep the lips soft. They 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.
The categories of lip care product are:
The types of lip care product in the market are as follows:
The distributional channels can be segmented as:
The EMR report also covers the regional lip care product markets like North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.
The market for lip care product is primarily being driven by the growing personal care, cosmetics, as well as pharmaceutical industries. The personal care industry is thriving due to the rapidly increasing demand from both male and female products. Although the demand for the products is higher among the female population, the demand among men is also rising due to the growing male grooming industry.
The constant exposure to the sun can also badly affect the lips and lead to premature ageing of the lips. This is leading to the rising demand for lip care products with sun protection formula, which is also pushing the market growth further. Innovations, with the addition of natural ingredients, flavours, and attractive packaging, is attracting more consumers to the market, thus aiding the industry growth. The demand for long-lasting and effective formula is driving the further growth of the industry among the population, especially teenagers. The people suffering from severely chapped lips are demanding lip care products with superior moisturising abilities, further aiding the industry growth.
The lip care product industry 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 product. Urbanisation and globalisation also contribute significantly to the industry growth due to the addition of multiple brands across regions. In the coming years, the industry is expected to be supported by innovations and product diversifications by significant players in the industry.
The report gives a detailed analysis of the following key players in the global lip care product market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis. It covers the macro and micro aspects of the market. A detailed price and trade analysis have been provided within the report as well.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Lip Care Product Market Analysis
6.1 Figure: Global Lip Care Product Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Lip Care Product Market Breakup by Category
6.2.2 Medicated and Therapeutic
6.2.3 Sun Protection
6.3 Figure: Global Lip Care Product Market Breakup by Category: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.2 Medicated and Therapeutic
6.3.3 Sun Protection
6.4 Chart: Global Lip Care Product Market Breakup by Type
6.4.1 Lip Balm
6.4.2 Lip Oil
6.4.3 Lip Scrubs
6.4.4 Lip Butter
6.5 Figure: Global Lip Care Product Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Lip Balm
6.5.2 Lip Oil
6.5.3 Lip Scrubs
6.5.4 Lip Butter
6.6 Chart: Global Lip Care Product Market Breakup by Distributional Channel
6.6.1 Hypermarkets and Supermarkets
6.6.2 Specialty Stores
6.6.3 Pharmacies and Drug Stores
6.7 Figure: Global Lip Care Product Market Breakup by Distributional Channel: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Hypermarkets and Supermarkets
6.7.2 Specialty Stores
6.7.3 Pharmacies and Drug Stores
6.8 Chart: Global Lip Care Product Market Breakup by Region
6.8.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
6.9 Figure: Global Lip Care Product Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
7 SWOT Analysis
8 Value Chain Analysis
9 Porter’s Five Forces Analysis
9.2 Buyer’s Power
9.3 Supplier’s Power
9.4 New Entrants
9.5 Degree of Rivalry
10 EMR’s Key Indicators for Price
11 EMR’s Key Indicators for Demand
12 Competitive Landscape & Supplier Analysis
12.1 Kao Corporation
12.1.1 Company Overview
12.1.2 Financial Analysis
12.2 Revlon, Inc.
12.2.1 Company Overview
12.2.2 Financial Analysis
12.3 Beiersdorf AG
12.3.1 Company Overview
12.3.2 Financial Analysis
12.4 The Clorox Company
12.4.1 Company Overview
12.4.2 Financial Analysis
12.5.1 Company Overview
12.5.2 Financial Analysis
12.6 Avon Products, Inc.
12.6.1 Company Overview
12.6.2 Financial Analysis
12.7 L'Oréal S.A
12.7.1 Company Overview
12.7.2 Financial Analysis
12.8 Bayer AG
12.8.1 Company Overview
12.8.2 Financial Analysis
13 Consumer Analysis
14 Events and Developments
Additional Customization Available:
15 Global Trade Analysis (2019)
15.1 Major Exporting Countries by Value & Volume
15.2 Major Importing Countries by Value & Volume
16 Global Lip Care Product Price Analysis
17 Manufacturing Process
17.1 Detailed Process Flow
17.2 Operations Involved
17.3 Mass Balance
18 Cost Analysis
18.1 Land, Location and Site Development
18.3 Plant Machinery
18.4 Cost of Raw Material
18.9 Other Capital Investment
The global lip care product market attained a value of USD 2.1 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3.5%. The market is projected to reach USD 2.5 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the lip care product industry can be segmented into lip balm, oil, scrubs, and butter, among others. On the basis of category, the non-medicated sector accounts for the largest market share. Hypermarkets and supermarkets, on the other hand, represent the leading distribution channel for the product. The major regional markets for lip care product are North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Kao Corporation, Revlon, Inc., Beiersdorf AG, The Clorox Company, Unilever, Avon Products, Inc., L'Oréal S.A., Bayer AG, and others.
The major drivers of the market such as rising disposable incomes, increasing population, increasing awareness of the products, product diversification, innovation, growing personal care industry, and rising urbanisation are expected to aid the market growth. 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.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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