Global Lip Care Market Research Report Reveals Top Players, Ongoing Trends, Growth Factors and Forecast till 2026

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of lip care market. The study is titled as “Lip Care Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global lip care market.

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A new report compiled by Future Market Insights has slated a value CAGR of 4.5% for the global lip care market in the forecast period (2017-2026). Over 650,000,000 units of lip care products are expected to be sold across the globe by 2026-end.

3 Key Future Prospects of Lip Care Market for Forecast Period 2017-2026 (In Terms of Volume)

1. Accounting for over one-third share of the market, Asia-Pacific excluding Japan (APEJ) will continue to lead the global lip care market. North America and Europe will also persist as major markets for lip care, with sales collectively estimated to surpass 290,000,000 units by 2026-end.

2. Between Latin America and Middle East & Africa (MEA), the former will account for a relatively larger market share, whereas the latter will exhibit a comparatively higher CAGR through 2026.

3. On the basis of product type, lip balm will account for the largest market share, followed by lip butter. Lip balms will record the fastest sales expansion during the forecast period. Lip conditioner is also envisaged to exhibit a notable rise in sales through 2026.

Sticks to Remain Leading Packaging Form for Lip Care Products

Lip care products packed in sticks are highly sought-after among consumers on the back of the convenience offered in carrying and application of the product on lips. Sticks will therefore remain the leading packaging form used for lip care products, with sales estimated to exceed US$ 2,000 Mn by 2026-end.

Based on price range, economic lip care products will remain preferred by consumers, followed by medium priced lip care products. Revenues from both these price range segments are expected to collectively hold over four-fifth share of the market by 2026-end. Modern trade will spearhead the global lip care products market in terms of revenues, on the basis of sales channels.

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APEJ to Prevail as Most Lucrative Region in Global Lip Care Market

Asia-Pacific excluding Japan (APEJ) currently dominates the global lip care market and is expected to prevail as the most lucrative region in the market. Dominance of APEJ in the lip care market can be highly attributed to rising availability of branded lip care products, increased affordability of consumers, and increasing presence of international and local brands in the region. In addition, robust expansion of the urban population in APEJ countries such as China and India has a pivotal role in growth of the region’s cosmetic sector, which in turn will positively influence rise of the lip care market in the region.

Lip balms are expected to remain sought-after among products in the global lip care market, mainly because of increasing availability of inexpensive and appealing lip balms in economies where price is a major concern. In addition, utilization of lip balms is highly concentrated among the rapidly growing youth population, which in turn holds positive growth prospects for sales of lip balms in the near future.

Table of Contents:

1. Global Economic Outlook

2. Global Lip Care Market – Executive Summary

3. Global Lip Care Market Overview
3.1. Introduction
3.1.1. Global Lip Care Market Taxonomy
3.1.2. Global Lip Care Market Definition
3.2. Global Lip Care Market Size (US$ Mn) & Volume (Units) and Forecast, 2012-2026
3.2.1. Global Lip Care Market Y-o-Y Growth
3.3. Global Lip Care Market Dynamics
3.4. Supply Chain
3.5. Cost Structure

4. Global Lip Care Market Supply Demand Analysis
4.1. Number of Manufacturers by Region

5. Pricing Point Analysis
5.1. Price Point Assessment by Region
5.2. Price Point Assessment by Product Type
5.3. Price Forecast till 2026
5.4. Factors Influencing Pricing
5.5. Value Chain Pricing Mark-ups

Continued………

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This release was published on openPR.