Press release
Lip Care Market Size, Growth Analysis, Opportunities, Growth By Top Companies And Forecast To 2021-2028
Lip Care Market
Lip care products are used to protect the lips from exposure to sun. The demand for lip care products has showcased an upliftment from female segment in past few years, nonetheless significant interest is also displayed by the male segment. A shift and change in taste & preferences of consumers from wax & petroleum based lip care products to those comprised with organic ingredients is expected to boost the demand for lip care products all globally.
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Rise in health concern, increase in demand for multi-care, multi-functional, and organic lip care products, and higher awareness towards protection of lips from overexposure to sun are anticipated to propel the market growth from 2021-2028.
The global lip care market is segmented based on product into non-medicated, medicated & therapeutic, and sun protection. Based on gender, it is bifurcated into male and female. Based on distribution channel, it is divided into hypermarket/supermarket, drug store, specialty retailers, online stores, and others. Based on price range, it is categorized into premium, mid, and low. Geographically, it is categorized into North America, Europe, Asia-Pacific, and LAMEA. Rise in population, urbanization, and change in lifestyle of people are anticipated to expand the growth of lip care market, especially in Asian countries.
Key players identified across the value chain of this report include LOreal, Avon Products, Beiersdorf AG, Unilever, Revlon, Kao Corporation, Bayer Corporation, Blistex Inc., and others.
Regional Analysis – North America (U.S., Canada, Mexico) Europe (France, Germany, UK, Rest of Europe) Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa)
The Covid-19 pandemic has a vital impact on the growth of the global Lip Care market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the global Lip Care market.
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Lip Care Market key Segmentation:
By Product
• Non-Medicated
• Medicated & Therapeutic
• Sun Protection
By Gender
• Female
• Male
By Price Range
• Premium
• Mid
• Low
By Distribution Channel
• Hypermarket/Supermarket
• Drugstore
• Specialty Retailers
• Online Stores
• Others
Key Benefits of the Report:
○ This study presents the analytical depiction of the Lip Care Market industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Lip Care Market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Lip Care Market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed Lip Care Market analysis based on competitive intensity and how the competition will take shape in coming years.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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