Lip Care Market Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast Till 2026

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.

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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.

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.

Competition Tracking

Key players profiled by Fact.MR’s report include L'Oréal S.A., Johnson & Johnson Services, Inc., Beiersdorf Aktiengesellschaft, Avon Products, Inc., Shiseido Co., Ltd., The Procter & Gamble Company, Unilever PLC, Kao Corporation, Kiehl's, The Estee Lauder Companies Inc., and Subaru Corporation.

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.

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Table of Content:

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
3.6. Global Personal Care Products Market
3.7. Global Personal Care Products Market Growth Rate Trends
3.8. Forecast Factors
3.9. Regulations
3.10. PESTLE Analysis
3.11. Product Life Cycle Analysis
3.12. Investment Feasibility Matrix
3.13. Opportunity Orbits
3.14. Market Competition Index Analysis
3.15. Consumer Sentiment Analysis
3.16. Key Participants Market Presence (Intensity Map) By Region
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

Continued…………….

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