Lip Care Products Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Lip Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global lip care products market reached a value of US$ 2.2 Billion in 2020. Looking forward, the market to exhibit moderate growth during the next five years.

Lip care products refer to cosmetics that provide nourishment to the lips and protect them against external elements, such as cold temperature, dry wind and UV radiation. These products are mainly composed of beeswax or carnauba wax, camphor, cetyl alcohol, lanolin, paraffin and petrolatum.

Some varieties of lip care products also contain dyes, flavors, fragrances, phenol, salicylic acid and sunscreens. Nowadays, manufacturers are introducing a wide variety of lip care products ranging from flavored balms to products containing organic ingredients to attract a wider consumer base. They are also offering lip care formulas in user-friendly packaging options, such as jars, tubes, sticks and roll-ons, for their convenient application and carriage.

Although females have always been the major consumer of lip care products, there has been a surge in male consumers in recent years, owing to the growing trend of personal grooming among men.

Apart from this, as the prolonged, unprotected exposure of lips to the sun can result in wrinkling, premature aging or actinic cheilitis, it has resulted in an increased demand for sun protection lip care products among consumers.

Besides this, there has been an increasing focus of manufacturers on product innovations, the development of long-lasting and fast-acting formulas and attractive product ranges for teenagers that have helped in creating a larger consumer base.

For instance, they have introduced various flavored balms, like vanilla, mango and strawberry that add shimmer or shine to the lips, along with providing moisturization.

Key Questions Answered in This Report:

• How has the global lip care products market performed so far and how will it perform in the coming years?
• What are the key regions in the market?
• What has been the impact of COVID-19 on the global lip care products market?
• Which are the popular product types in the market?
• What are the various distribution channels in the market?
• What are the various stages in the value chain of the market?
• What are the key driving factors and challenges in the market?
• What is the structure and who are the key players in the market?
• What is the degree of competition in the market?
• How are lip care products manufactured?

Break up by Product Type:

• Non-Medicated
• Medicated and Therapeutic
• Sun Protection
• Amongst these, non-medicated lip care products represent the most popular product type worldwide.

Break up by Distribution Channel:

• Supermarkets and Hypermarkets
• Specialty Retailers
• Pharmacies and Drug Stores
• Online Stores
• Others

At present, lip care products are majorly distributed through supermarkets and hypermarkets, owing to the availability of different brands, larger shelf-space and convenience of choosing the product.

Regional Insights:

Region-wise, Asia Pacific holds the leading position in the market due to the rapidly changing fashion and beauty trends in the region.

Competitive Landscape:

The market is highly fragmented in nature, with the presence of numerous small and large manufacturers who compete in terms of prices and quality.

Some of the leading players operating in the market are:

• Kao Corporation
• Revlon, Inc.
• Beiersdorf AG
• The Clorox Company
• Unilever N.V./PLC
• Carma Labs, Inc.
• L’Oreal S.A.
• Bayer AG
• EOS Products, LLC
• Avon Products, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/crsx04

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