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Market Research Report

Global Lip Care Market Size by Product Type (Therapeutic, Sun Protection, Lip Mask), by Product Form (Liquid/Gel, Cream), by Distribution Channel (Online & Offline), And by Geography - Industry Trends, Size, Share Analysis and Forecast 2016-2024

Published On : 2018-03-15 Report Page : 260 Category: Consumer Retail

Global Lip Care Market 

Market Overview

Lip care products are largely concentrated on the ingredients to make lips resistant to temperature variations, pleasant flavor, innocuousness, smoothness during application, adherence and easy intentional removal. The common ingredient of lip care such as waxes, oils and butters are sourced from the petroleum residues available in the form of industrial wax thus the petroleum industry highly impacts the lip care market. To formulate lip care products such as lip balms, it is necessary to balance the concentration of important ingredients including butters, oils and waxes, so that the final product presents an adequate fusion point of between 65 and 75 ºC.

Goldstein Research analyst forecast the lip care market size is set to reach USD 11.9 billion by 2024 from the USD 8.3 billion in 2016, growing at a CAGR of 4.6% over the forecast years. The growth of lip care market is highly dependent on the beauty and personal care market which has grown at a CAGR of 5%. But growth is mainly pushed by young and aspirational population who invests in grooming, looking beautiful and maintaining their health.

Covered in This Lip Care Market Report

The report covers the present ground scenario and the future growth prospects of the lip care market for 2016-2024 along with the statistics of the total shipment of the lip care products and its adoption rate in various verticals. We calculated the market size and revenue share on the basis of revenue generated from major players. 

Global Lip Care Market Segmentation

By Product Type

  • Therapeutic/Medicated
  • Sun Protection
  • Lip mask
  • Non-Medicated (lip balms, Lip gloss)

By Product Form

  • Liquid/gel
  • Cream

By Distribution Channel

  • Online
  • Offline

Based on Geography

  • North America Lip Care Market (U.S. & Canada) {Market Share (%), Market Size (USD Billion)}
  • Latin America Lip Care Market (Brazil, Mexico, Argentina & Rest of Latin America)  {Market Share (%), Market Size (USD Billion)}
  • Europe Lip Care Market (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific Lip Care Market (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa Lip Care Market (GCC, South Africa, North Africa, RoMEA)  {Market Share (%), Market Size (USD Billion)}

On the basis of type of products, skin care segment owns the largest market share of 28.9% in 2016 due to rising inclination of consumers towards beauty and wellness as per the fashion trends. Offline distribution channel had major market share of 56.8% in 2016 due to the preference of high income quintile to shop at high-end department and specialty retail stores, where premium value industry goods are sold. But due to increasing social media impact online shopping is gaining momentum among the premium class consumers.

Lip care outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the lip care market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global lip care market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Lip Care Products Market Trends, Drivers and Challenges

According to our global lip care market report study on the basis of extensive primary and secondary research, there is growing usage of organic lip care products. To cater the demand of organic lip care products, continuous technological advancement is seen, but its success predominantly depends on the availability and production of raw materials and products which are certified as organic.

According to the report, major driving factors of the global lip care market is the rising per capita income among emerging economies and rapidly production of innovative varieties in organic and natural lip care products.

Further, the major challenge for the lip care market is the prevalence of home remedies that consumer believes to be made of 100% natural ingredients and is also cost effective. The regions such as Asia-Pacific is loaded with various ingredients for lip care and the known various traditional techniques.

Global Lip Care Market Analysis                                   

Based on geography, Asia-Pacific is the fastest growing region of lip care market at the rate of 6.5% annually owing to the rising per capita income of the countries in this region. North America has the largest market share of 18.1% in 2016 due to presence of top manufacturers of lip care products and demand from customers in order to protects lips from rising pollution levels.  

Key Players

Global lip care market report comprises of the following companies as the key players in the lip care: Kao Corporation, L’Oreal, Bayer Corporation, Burt’s Bees, Markwins Beauty Products, Carma Laboratories, EOS, Beiersdorf AG, Chanel, CLOROX, Blistex Inc., Revlon, Unilever, Chattem and Avon Products

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Lip Care Market Report

  • What is the total market size by 2024 and what would be the expected growth rate?
  • What is the revenue of lip care market in 2015-16 and what would be the expected demand over the forecasted period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who all are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Lip Care Market Size by Product Type (Therapeutic, Sun Protection, Lip Mask), by Product Form (Liquid/Gel, Cream), by Distribution Channel (Online & Offline), And by Geography - Industry Trends, Size, Share Analysis and Forecast 2016-2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements