Lip Care Products Market Segments, Top Key Players, Drivers And Trends 2022

Precision Business Insights published a research report on "Lip Care Products Market By Category (Medicated, Non Medicated, Sun Protection), By Type (Lip Balm, Lip Gels, Lip Butters, Lip Slaves, Chap Sticks), By Application (Chapping, Dryness, Cold Sores, Angular Cheilitis, Stomatitis), By Usage (Men, Women, Unisex), By Distribution Channel (Supermarkets, Hypermarkets, Drugstores, Online stores) - Global/Region/Country Forecast to 2028"

Lip care products are cosmetics that nourish the lips while also protecting them from the elements, such as cold temperatures, dry wind, and UV rays. Beeswax or carnauba wax, camphor, cetyl alcohol, lanolin, paraffin, and petrolatum are the key ingredients in these products. Dyes, tastes, perfumes, phenol, salicylic acid, and sunscreens are all used in some lip care products. To appeal to a broader consumer base, producers are now providing a wide range of lip care products, ranging from flavoured balms to products incorporating organic components. Lip care products are also available in user-friendly packaging options such as jars, tubes, sticks, and roll-ons for easy application and transportation. Despite the fact that females have historically been the primary purchasers of lip care products, there has been an increase in male purchasers in recent years, attributed to the increasing trend of male grooming.

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Consumer demand for high-quality products has increased as worries about prolonged sun exposure, dryness, premature ageing, and lip darkening have grown. Furthermore, as consumers seek safer options devoid of synthetic and hazardous ingredients, organic as well as natural lip balms have become increasingly popular. An growing number of male consumers are adopting these items as part of the continuous trend of personal grooming and wellbeing. The COVID-19 epidemic has had a significant influence on lip care and beauty product sales at major offline retail outlets. In the same year, some mass market stores, brick-and-mortar stores, and some other retailers experienced sales declines. DIY and self-care beauty products, on the other hand, are a growing trend in the market that is predicted to recover throughout the projection period. Because of the evolving propensity towards vegan food, demand for these items is fast expanding in the United States, as customers opt for organic products. Due to rising worries about plastic reduction and trash disposal, some firms in the region are working on developing environmentally sourced lip care products.

The global Lip Care Products Market on the basis of Product, which is fragmented into Lip Balm and Lip Scrub. On the basis of Distribution Channel, the market is segregated into Hypermarket & Supermarket as well as Specialty Store.

In 2020, Asia Pacific had the highest revenue share of more than 37.4 percent. During the projection period, the regional market is expected to maintain its leadership position by increasing at the quickest CAGR. A growing number of customers are experiencing concerns such as lip pigmentation and darkening as a result of sun exposure, particularly in India, which is driving demand for these products.

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There are several industry players working in the Lip Care Products Market, which include Loreal International (France) (Maybelline) Blistex, Incorporated (U.S.) Pfizer (U.S.) (Chapstick) Carma Laboratories (U.S.) (Carmex) Beiersdorf Global AG (Germany) (Nivea) THE BODY SHOP INTERNATIONAL PLC (U.K) Unilever (Vaseline) (U.K) The Himalaya Drug Company (India) Estee Lauder (U.S.) (Clinique) Burt's Bees (U.S.)

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