openPR Logo
Press release

Lip Care Market CAGR Projected to Grow at 4.5% through 2017 to 2026

08-07-2018 05:26 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Lip Care Market CAGR Projected to Grow at 4.5% through 2017 to 2026

A volume CAGR of 4.0% has been envisaged for the global market for lip care during the forecast period (2017-2026) by a recently collated report of Fact.MR. Revenues from the market for lip care across the globe are estimated to exceed US$ 3,700 Mn by 2026-end.

Emerging Interest in Personal Grooming to Drive Adoption of Lip Care Products

The surging importance of grooming, in tandem with increasing interest in presentable appearance among the aspirational, urban population in order to create positive impression has provided numerous growth opportunities for the global cosmetics industry. Emerging interest of working professionals in personal grooming on account of improving living standards is driving innovations in cosmetic products, and lip care has been no exception. A wide range of revolutionary products of lip care have been launched around the world, and these products have an aesthetic appeal for grabbing attention of consumers, in turn fuelling sales. The lip care products are gaining immense traction within the beauty- & health-conscious consumers, as they deliver protection & nourishment to lips against harmful sun rays, and drying effects of cold & wind.

However, chemicals employed in the production of lip care products are being considered as harmful to health, which in turn has resulted into the consumer inclination toward organic lip care products. Leading players in the market are therefore introducing organic and multi-purpose lip care products for sustaining alongside growing trends. Demand for sun protection factor-based (SPF-based) lip care products from the youth population is a major trend being observed worldwide. Various entertaining & convincing advertisements, which promote use of lip care products, coupled with endorsements by celebrities on television and social media will further accelerate lip care products sales in the upcoming years.

Request Report Sample @ www.factmr.com/connectus/sample?flag=S&rep_id=495

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

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.
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.
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.
Departmental stores and online stores are projected to prevail as fast-expanding sales channels in the global lip care market, with sales collectively estimated to exceed 145,000,000 units by 2026-end. However, modern trade will continue to account for the largest market shares, trailed by convenience store.
Based on price range, economic and medium segments will remain dominant in the market. Sales of lip care products in economic price range will register the highest CAGR in the market through 2026.
Sticks will continue to be the preferred packaging type for lip care products, with sales pegged to exceed 350,000,000 units by 2026-end.
Fact.MR’s report offers forecast and analysis on key players underpinning expansion of the global lip care market. The market players profiled by the report include Subaru Corporation, Kiehl’s, The Estee Lauder Companies Inc., Shiseido Co., Ltd., Avon Products, Inc., Johnson & Johnson Services, Inc., Beiersdorf Aktiengesellschaft, Unilever PLC, The Procter & Gamble Company, Kao Corporation, and L’Oréal S.A.

Request Report Methodology @ www.factmr.com/connectus/sample?flag=RM&rep_id=495

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lip Care Market CAGR Projected to Grow at 4.5% through 2017 to 2026 here

News-ID: 1167327 • Views: 157

More Releases from Fact.MR

Short Wave Infrared Market Projected to Discern Stable Expansion During 2018 to …
As short wave infrared (SWIR) technology provides extremely valuable quantitative information, short wave infrared camera industry have entered into new ventures like airborne platforms. A combination of short wave infrared camera and hyperspectral imager - Airborne Visible/Infrared Imaging Spectrometer (AVIRIS) - has been used on 4 aircraft platforms with the range of pixel sizes, as per the altitude at which they function. Short wave infrared cameras also find the application
Electronic Shelf Label Market – Valuable Growth Prospects and Insights on Futu …
A “Electronic Shelf Label Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2026” is an extensive compilation of several data and insights pertaining to every market segment. The report covers assessment on various product types in the electronic shelf label space used worldwide. It also highlights lucrative regional markets along with a detailed country level analysis that the key stakeholders can use to expand their global footprint. The
Food Vacuum Drying Machine Market Precise Analysis and Forecast Assumptions till …
Fact.MR has added a new report on food vacuum drying machine market for the forecast period of 2018-2028. The report entails end-to-end information on futuristic growth aspects from a 360 degree slant by covering all the key bricks shaping the food vacuum drying machine market. Ubiquitous trends which are likely to govern the food vacuum drying machine market have also been included along with superlative opportunities to leverage. The research
Flash Dryers Market Insights and Major Trends Encouraging Growth until the End o …
This report, titled “Flash Dryers Market Forecast, Trend Analysis, and Competition Tracking – Global Review 2018-2028” is an exhaustive compilation of actionable insights on the basis of valuable data extracted with the aid of a unique research methodology. The report delivers a detailed assessment on the flash dryers market, which include assessment on operating principles of flash dryers – direct drying and indirect drying, coupled with an exhaustive analysis on

All 26744 Releases


More Releases for Lip CAGR Care

Lip Care Market to Flourish with an Impressive CAGR During 2026
Lip care products are witnessing robust adoption worldwide on the back of their protection and nourishment to lips against drying effects caused by cold & wind, harmful sun rays, and dust. Sales of lip care products will further witness a rise with surging demand for multi-purpose, organic lip care products coupled with rising concerns regarding use of their synthetic counterparts. This report, compiled by XploreMR, provides in-depth analysis of the
Lip Care Market to Flourish with an Impressive CAGR During 2022
Lip care products are witnessing robust adoption worldwide on the back of their protection and nourishment to lips against drying effects caused by cold & wind, harmful sun rays, and dust. Sales of lip care products will further witness a rise with surging demand for multi-purpose, organic lip care products coupled with rising concerns regarding use of their synthetic counterparts. This report, compiled by XploreMR, provides in-depth analysis of the
Lip Care Market Poised to Register 4.5% CAGR through 2017 to 2026
A volume CAGR of 4.0% has been envisaged for the global market for lip care during the forecast period (2017-2026) by a recently collated report of Fact.MR. Revenues from the market for lip care across the globe are estimated to exceed US$ 3,700 Mn by 2026-end. Emerging Interest in Personal Grooming to Drive Adoption of Lip Care Products The surging importance of grooming, in tandem with increasing interest in presentable appearance among