Market Overview:
The global lip care products market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for sun protection lip care products and medicated and therapeutic lip care products. In terms of type, the non-medicated lip care product segment is expected to dominate the market during the forecast period. However, medicated and therapeutic lip care product segment is projected to grow at a higher CAGR owing to its various benefits such as anti-aging properties, moisturizing effects, etc. In terms of application, cosmetics segment dominates the global Lip Care Products Market followed by toiletry in 2017. However, toiletry segment is projected to grow at a higher CAGR over 2018-2030 due high adoption rate in emerging countries such as China and India.
Product Definition:
Lip care products are used to moisturize and protect the lips from the sun and other elements. They can also help to improve the appearance of the lips.
Non-Medicated Lip Care Product:
Non-medicated lip care products are the ones that do not contain any type of medication or drugs for treating dry, chapped, and cracked skin around the lip area. These types of product are usually made up of mineral oil or some other type of natural base such as coconut oil. The major factor driving this market is growing awareness among people regarding their health and well-being coupled with rising disposable income especially in emerging economies like China & India.
Medicated And Therapeutic Lip Care Products:
Medicated and therapeutic lip care products include prescription drugs, over-the-counter (OTC) medicines, and cosmetic products that are used for treating dryness, chapped lips, cracking skin around the mouth due to cold or wind exposure or from constant smoking. Medicated product lines treat symptoms of thinning lipids while therapeutic products strengthen the lip structure with collagen boosting agents.
Application Insights:
The cosmetics segment held the largest market share of more than 60% in 2017. The cosmetic application is expected to witness significant growth over the forecast period due to increasing awareness about beauty and appearance. Increasing preference for lipsticks, glosses, and balms on account of changing fashion trends is also a key factor driving product demand in this segment.
Increasing consumer inclination towards medicated as well as therapeutic products owing to various health benefits offered by these products will further boost industry growth during the study period. For instance, Aloe Vera Gel with Lidocaine (Aloe barbadensis) has been proved effective in reducing pain caused by sunburn or other injuries at skin level without any harmful side effects since it contains natural ingredients. Such factors are expected to drive product demand from Toiletry application over the forecast period (18-28).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to high consumer awareness and disposable income levels. Moreover, presence of key players such as Johnson & Johnson; Coty Inc.; L’Or©al Group; and Procter & Gamble will also help North America retain its leading position throughout the forecast period.
Asia Pacific is anticipated to witness significant growth over the coming years owing to increasing demand for natural cosmetics products from countries such as China, Japan, South Korea, India, Singapore among others. Increasing number of working women population in these countries has created a need for various lip care products that can provide protection from sun exposure while maintaining moisture balance thus driving product demand across this region.
Growth Factors:
- Increasing awareness about the benefits of lip care products among consumers.
- Rising demand for natural and organic lip care products.
- Growing popularity of lip balms and other lip care products among men.
- Increasing use of lip care products by women in their early 20s and 30s.
- Proliferation of new product launches by manufacturers to cater to the growing demand for Lip Care Products
Scope Of The Report
Report Attributes
Report Details
Report Title
Lip Care Products Market Research Report
By Type
Non-Medicated Lip Care Product, Medicated And Therapeutic Lip Care Products, Sun Protection Lip Care Products
By Application
Cosmetics, Toiletry
By Companies
L'Oreal, Revlon, Kao, Bayer, Unilever, L'Oreal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Lip Care Products Market Report Segments:
The global Lip Care Products market is segmented on the basis of:
Types
Non-Medicated Lip Care Product, Medicated And Therapeutic Lip Care Products, Sun Protection Lip Care Products
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetics, Toiletry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- L'Oreal
- Revlon
- Kao
- Bayer
- Unilever
- L'Oreal
Highlights of The Lip Care Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-Medicated Lip Care Product
- Medicated And Therapeutic Lip Care Products
- Sun Protection Lip Care Products
- By Application:
- Cosmetics
- Toiletry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lip Care Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lip care products are designed to keep your lips healthy and hydrated. They can include lip balm, lipstick, gloss, and other lip-care products.
Some of the key players operating in the lip care products market are L'Oreal, Revlon, Kao, Bayer, Unilever, L'Oreal.
The lip care products market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lip Care Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lip Care Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lip Care Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lip Care Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lip Care Products Market Size & Forecast, 2018-2028
4.5.1 Lip Care Products Market Size and Y-o-Y Growth
4.5.2 Lip Care Products Market Absolute $ Opportunity
Chapter 5 Global Lip Care Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lip Care Products Market Size Forecast by Type
5.2.1 Non-Medicated Lip Care Product
5.2.2 Medicated And Therapeutic Lip Care Products
5.2.3 Sun Protection Lip Care Products
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lip Care Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lip Care Products Market Size Forecast by Applications
6.2.1 Cosmetics
6.2.2 Toiletry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lip Care Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lip Care Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lip Care Products Analysis and Forecast
9.1 Introduction
9.2 North America Lip Care Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lip Care Products Market Size Forecast by Type
9.6.1 Non-Medicated Lip Care Product
9.6.2 Medicated And Therapeutic Lip Care Products
9.6.3 Sun Protection Lip Care Products
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lip Care Products Market Size Forecast by Applications
9.10.1 Cosmetics
9.10.2 Toiletry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lip Care Products Analysis and Forecast
10.1 Introduction
10.2 Europe Lip Care Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lip Care Products Market Size Forecast by Type
10.6.1 Non-Medicated Lip Care Product
10.6.2 Medicated And Therapeutic Lip Care Products
10.6.3 Sun Protection Lip Care Products
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lip Care Products Market Size Forecast by Applications
10.10.1 Cosmetics
10.10.2 Toiletry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lip Care Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lip Care Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lip Care Products Market Size Forecast by Type
11.6.1 Non-Medicated Lip Care Product
11.6.2 Medicated And Therapeutic Lip Care Products
11.6.3 Sun Protection Lip Care Products
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lip Care Products Market Size Forecast by Applications
11.10.1 Cosmetics
11.10.2 Toiletry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lip Care Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Lip Care Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lip Care Products Market Size Forecast by Type
12.6.1 Non-Medicated Lip Care Product
12.6.2 Medicated And Therapeutic Lip Care Products
12.6.3 Sun Protection Lip Care Products
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lip Care Products Market Size Forecast by Applications
12.10.1 Cosmetics
12.10.2 Toiletry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lip Care Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lip Care Products Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lip Care Products Market Size Forecast by Type
13.6.1 Non-Medicated Lip Care Product
13.6.2 Medicated And Therapeutic Lip Care Products
13.6.3 Sun Protection Lip Care Products
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lip Care Products Market Size Forecast by Applications
13.10.1 Cosmetics
13.10.2 Toiletry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lip Care Products Market: Competitive Dashboard
14.2 Global Lip Care Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 L'Oreal
14.3.2 Revlon
14.3.3 Kao
14.3.4 Bayer
14.3.5 Unilever
14.3.6 L'Oreal
