Lip Care Products Market: By Product (Non-Medicated, Therapeutic & Medicated, Sun Protection), Distribution Channel (Offline and Online), and Region – Industry Analysis and Forecast to 2033
The global lip care products market is expected to grow from USD 2.21 billion in 2023 to USD 3.96 billion by 2033 at a CAGR of 5.98%.
Lip Care Products Market CAGR
2023-2033
CAGR OF
5.98%
Lip Care Products Market
Lip care products are used to protect lips from exposure to sunlight (UV rays), cracking duet to cold, wind, and dust. Lip care products involve lip balms, lip oil, lip scrub, chap Stick. These products mainly contain camphor, lanolin, petrolatum, paraffin, carnauba wax or beeswax, cetyl alcohol, flavors, fragrances, and various other elements. The purpose of all lip balms, even those called salves or butter, is to protect the lips. Carmex lip balm, vaseline lip balm, Himalaya lip balm, Maybelline lip balms are some of the best lip balm products that are popular in the marketplace. This market research report provides in-depth information on revenue opportunities, trends, dynamics, competitive landscape, and recent developments in the global lip care products market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.
Lip Care Products Market: Market Dynamics
Lip care has become a vital part of the daily personal-care regime as the skin on lips is fragile and is prone to crack and chap quickly. The purpose of lip care products is to offer nourishment and protection due to dust and other factors. The usage of organic lip care products is growing in the market. Continuous technological advancement in global lip care products are needed to serve the demand for organic lip care products. Growing awareness among consumers regarding personal care and personal grooming among males as well as females are the major aspects propelling the growth of the overall market. For instance, Patanjali lip care suits all skin types and perfect for lip care due to its natural ingredients. Factors such as air pollution coupled with fluctuating climate conditions play a crucial role for the market growth. Also, growing awareness among youngsters about sun protection factor, rising beauty conscience, and rapid growth of online websites makes consumer more reachable, hence driving the growth of the market. The easy availability of these raw materials such as essential oil, beeswax, aloe vera extract, camphor, green tea extract, aloe Vera extract are required in the products to develop organic and natural lip care products further enhance the demand for the product in the global market.
Lip Care Products Market: Segmental Analysis
Lip Care Products Market
By Distribution Channel
Offline
Online
The Market will Grow
At the CAGR of:
5.98%
The Forecast Market
Size for 2033 in USD:
$3.96B
The lip care products market is classified by product, distribution channel, and region.
Based on product, the market is segmented into non-medicated, therapeutic & medicated, and sun protection. The non-medicated segment held the largest market share in 2023 due to the rising consumer demand for grooming products across the globe.
Lip Care Products Market
By Product
XX%
Non-Medicated
Therapeutic & Medicated
Sun Protection
2.21
Total Market Size
USD (Billion), 2023
5.98%
CAGR
2023 - 2033
Based on the distribution channel, the market is segmented into online and offline channels. The offline channels segment accounted for the largest market share in 2023, where premium value industry goods are sold. These products are majorly distributed through supermarkets and hypermarkets, where products are available in various brands and shelf-space and convenience of choosing the product.
However, the online channel segment is anticipated to gain momentum amongst the premium class consumers owing to the increasing social media impact.
Lip Care Products Market: Regional Analysis
Lip Care Products Market
By Region
The Market will Grow
At the CAGR of:
5.98%
The Forecast Market
Size for 2033 in USD:
$3.96B
Geographically, the market is divided into five major regions such as Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Europe region is the major revenue contributor to the global lip care products market owing to the cold weather conditions of western countries. Asia-Pacific accounted for the second leading position followed by North America, South America, and the Middle East and Africa, owing to the rapid changes in fashion and beauty trends in the region.
Lip care products market: Competition Scenario
Key players of the lip care products market are Revlon, INC., L’Oreal S.A., Unilever N.V/PLC, Carma Labs, INC., Bayer AG, EOS Products, INC., AVON Products, INC., Kao Corporation, Johnson & Johnson Services, Inc., Beiersdorf Aktiengesellschaft, Shiseido Co., Ltd., The Procter & Gamble Company, Kao Corporation, Kiehl's, The Estee Lauder Companies Inc., and Subaru Corporation.
Critical Questions Answered in the Report
• What are the key trends in the market? • How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years? • What are the key strategies adopted by the major vendors to lead in the market? • What is the market share of the top players?
Research Methodology
The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
Lip Care Products Market Scope:
Report Data
Lip Care Products Market
Lip Care Products Market Forecast Value 2033
3.96Billion
Lip Care Products Market CAGR 2023 - 2033
5.98%
Lip Care Products Market Forecast Period
2023 - 2033
Lip Care Products Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Revlon, INC., L’Oreal S.A., Unilever N.V/PLC, Carma Labs, INC., Bayer AG, EOS Products, INC., AVON Products, INC., Kao Corporation, Johnson & Johnson Services, Inc., Beiersdorf Aktiengesellschaft, Shiseido Co., Ltd., The Procter & Gamble Company, Kao Corporation, Kiehl's, The Estee Lauder Companies Inc., and Subaru Corporation.
Key Segments
By Product
Non-Medicated
Therapeutic & Medicated
Sun Protection
By Distribution Channel
Offline
Online
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
1 Executive Summary
2 Market Introduction 2.1 Definition 2.2 Architecture 2.3 Scope of the Study 2.4 Related Stakeholders
3 Research Methodology 3.1 Introduction 3.2 Primary Research 3.2.1 Key Insights 3.2.2 Breakdown of Primary Interviews 3.3 Secondary Research 3.3.1 Important Sources 3.4 Market Size Estimation Approaches 3.4.1 Top-Down Approach 3.4.2 Bottom-Up Approach 3.4.3 Data Triangulation 3.5 List of Assumptions
4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Awareness among youngsters about sun protection factor (SPF)-based products 4.2.2 Rising beauty conscience 4.2.3 Online sites making the consumer more reachable 4.3 Restraints 4.3.1 Use of chemical substance such parabens, lead, cadmium chromium and petrolatum 4.4 Challenges 4.4.1 Changing mind-set of the consumer to find the compactible 4.5 Opportunities 4.5.1 Innovations and development for long-lasting and attractive product ranges 4.6 Porter's Five Forces Model Analysis 4.7 Value Chain Analysis 4.8 Regulatory Landscape
5 Lip Care Products Market, By Product 5.1 Introduction 5.2 Non-Medicated 5.3 Therapeutic & Medicated 5.4 Sun Protection
6 Lip Care Products Market, By Distribution Channel 6.1 Introduction 6.2 Offline 6.3 Online
7 Lip Care Products Market, By Region 7.1 Introduction 7.2 North America 7.2.1 US 7.2.2 Canada 7.2.3 Mexico 7.3 Europe 7.3.1 Germany 7.3.2 UK 7.3.3 France 7.3.4 Italy 7.3.5 Spain 7.3.6 Rest of Europe 7.4 Asia-Pacific 7.4.1 China 7.4.2 India 7.4.3 Japan 7.4.4 South Korea 7.4.5 Rest of Asia-Pacific 7.5 Middle East and Africa 7.6 South America
9 Company Profiles (This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.) 9.1 SeneGence International, Inc. 9.2 Beiersdorf AG 9.3 The Procter & Gamble Company 9.4 The Himalaya Drug Company 9.5 Kao Corporation 9.6 Revlon, Inc. 9.7 Unilever N.V. /PLC 9.8 Carma Labs, Inc. 9.9 L'Oréal S.A. 9.10 EOS Products, LLC 9.11 Avon Products
Table 1 Global Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 2 Global Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 3 Global Lip Care Products Market, By Region, 2023-2033 (USD Million) Table 4 North America Lip Care Products Market, By Country, 2023-2033 (USD Million) Table 5 North America Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 6 North America Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 7 US Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 8 US Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 9 Canada Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 10 Canada Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 11 Mexico Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 12 Mexico Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 13 Europe Lip Care Products Market, By Country, 2023-2033 (USD Million) Table 14 Europe Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 15 Europe Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 16 Germany Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 17 Germany Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 18 UK Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 19 UK Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 20 France Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 21 France Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 22 Italy Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 23 Italy Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 24 Spain Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 25 Spain Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 26 Rest of Europe Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 27 Rest of Europe Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 28 Asia-Pacific Lip Care Products Market, By Country, 2023-2033 (USD Million) Table 29 Asia-Pacific Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 30 Asia-Pacific Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 31 China Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 32 China Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 33 India Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 34 India Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 35 Japan Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 36 Japan Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 37 South Korea Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 38 South Korea Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 39 Rest of Asia-Pacific Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 40 Rest of Asia-Pacific Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 41 Middle East and Africa Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 42 Middle East and Africa Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million) Table 43 South America Lip Care Products Market, By Product, 2023-2033 (USD Million) Table 44 South America Lip Care Products Market, By Distribution Channel, 2023-2033 (USD Million)
List of Figures
Figure 1 Global Lip Care Products Market: Market Segmentation Figure 2 Global Lip Care Products Market: Research Methodology Figure 3 Breakdown of Primary Interviews Figure 4 Top Down Approach Figure 5 Bottom Up Approach Figure 6 Data Triangulation Figure 7 Global Lip Care Products Market: Drivers, Restraints, Opportunities, and Challenges Figure 8 Global Lip Care Products Market: Porter's Five Forces Model Analysis Figure 9 Global Lip Care Products Market: Value Chain Analysis Figure 10 Global Lip Care Products Market Share Analysis, By Product, 2022 and 2033 Figure 11 Global Lip Care Products Market Share Analysis, By Distribution Channel, 2022 and 2033 Figure 12 Global Lip Care Products Market Share Analysis, By Region, 2022 and 2033 Figure 13 North America Lip Care Products Market Share Analysis, By Country, 2022 and 2033 Figure 14 North America Lip Care Products Market Share Analysis, By Product, 2022 and 2033 Figure 15 North America Lip Care Products Market Share Analysis, By Distribution Channel, 2022 and 2033 Figure 16 Europe Lip Care Products Market Share Analysis, By Country, 2022 and 2033 Figure 17 Europe Lip Care Products Market Share Analysis, By Product, 2022 and 2033 Figure 18 Europe Lip Care Products Market Share Analysis, By Distribution Channel, 2022 and 2033 Figure 19 Asia-Pacific Lip Care Products Market Share Analysis, By Country, 2022 and 2033 Figure 20 Asia-Pacific Lip Care Products Market Share Analysis, By Product, 2022 and 2033 Figure 21 Asia-Pacific Lip Care Products Market Share Analysis, By Distribution Channel, 2022 and 2033 Figure 22 Middle East and Africa Lip Care Products Market Share Analysis, By Product, 2022 and 2033 Figure 23 Middle East and Africa Lip Care Products Market Share Analysis, By Distribution Channel, 2022 and 2033 Figure 24 South America Lip Care Products Market Share Analysis, By Product, 2022 and 2033 Figure 25 South America Lip Care Products Market Share Analysis, By Distribution Channel, 2022 and 2033 Figure 26 Lip Care Products Market: Competitive Benchmarking Figure 27 Lip Care Products Market: Vendor Share Analysis, 2022 (%)
Lip Care Products Market Scope:
Report Data
Lip Care Products Market
Lip Care Products Market Forecast Value 2033
3.96Billion
Lip Care Products Market CAGR 2023 - 2033
5.98%
Lip Care Products Market Forecast Period
2023 - 2033
Lip Care Products Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Revlon, INC., L’Oreal S.A., Unilever N.V/PLC, Carma Labs, INC., Bayer AG, EOS Products, INC., AVON Products, INC., Kao Corporation, Johnson & Johnson Services, Inc., Beiersdorf Aktiengesellschaft, Shiseido Co., Ltd., The Procter & Gamble Company, Kao Corporation, Kiehl's, The Estee Lauder Companies Inc., and Subaru Corporation.
Key Segments
By Product
Non-Medicated
Therapeutic & Medicated
Sun Protection
By Distribution Channel
Offline
Online
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
The Research Intellica follows an extensive research methodology that involves a blend of both primary and secondary research. Information assembly and understanding the definition of the market are one of the critical points in our research process.
Key steps required in our research process:
Information Assembling: Under this stage, market data or information is collected by going through all the various methodologies, such as paid databases, TRI’s internal databases, primary research, and secondary research.
Secondary Sources: Some of the prominent examples include annual reports, press releases & investor presentations of companies, white papers, government statistics companies such as WHO, NGOs, the World Bank, and many others, regulatory bodies, trade directories.
Primary Sources: The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies. The primary sources from the supply side include associations and institutions involved in the particular industry, key opinion leaders, and processing players.
Data Analysis: Our data is the Intellica of our research, and to stand out in the market, we analyse the data with statistical tools such as regression analysis and factor analysis. Our data analytics model aids in market forecasting. Common parameters are as follows:
Macro-economic factors
Demographics
Technology & innovation
Regional Patterns
Value Chain/ Supply Chain
Market dynamics
Industry Trends
Market Estimation: Both, bottom-up and top-down approaches were used to estimate and validate the size of the global market. The key players in the industry and markets were identified through extensive secondary research. The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as directors and marketing executives.
Bottom-Up Approach:
Top-down Approach:
Market Breakdown & Data Triangulation:
In order to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size was validated by using both, the top-down and bottom-up approaches.
Market Stakeholders:
Raw Material Suppliers
Manufacturers
System Integrators
Distributors
End-users
Get Your Report Customized
Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
Segmentation on the basis of any specific country or region
Any segment can be classified on the basis of application
Application segment can be further divided on the basis of companies
The companies profiled are not limited, we can incorporate additional companies of your choice
We can split the company market share on the basis of product, application and region
Report can be prepared for any specific country/region/segment
Customers can be added on the basis of regions and countries
