Market Overview:
The global medicated lip balms market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of using medicated lip balms, rising demand for natural and organic products, and growing popularity of online retailing. In terms of type, the male segment is expected to account for a larger share of the global medicated lip balms market than the female segment during the forecast period. By application, online retailing is expected to be a faster-growing segment than offline retailing during the forecast period.
Product Definition:
A lip balm that contains medication, typically to treat chapped lips. Medicated lip balms are important because they can help to soothe and protect the lips from further damage.
Male:
Male is the gender that produces an oil called lip balm. Lip balms are small containers of petroleum jelly or vaseline that come in different flavors and have been designed to improve dry skin around lips. They can be used as a substitute for lipsticks, which makes them handy to carry while traveling or even doing outdoor activities like hiking or camping where regular lipstick might not survive such extreme conditions.
Female:
The global female and it’s usage in Medicated Lip Balms market size was valued at USD 4.5 billion in 2015. Rising awareness regarding the benefits of lip care is expected to be a key factor driving growth over the forecast period.
Application Insights:
The offline segment dominated the global market in 2017. Medicated lip balms are widely used by individuals for treating dry skin, chapped lips and other general symptoms of wintertime. The application of these products helps to soothe and moisturize the skin as well as provide long-lasting relief from irritation caused due to cold or windburned cheeks.
Online shopping is expected to be the fastest-growing segment over the forecast period owing to increasing internet accessibility across countries, especially in developing regions such as Asia Pacific and Latin America where social media platforms have become a major source of information for consumers looking for product details online. Moreover, companies operating in this sector are making efforts towards expanding their presence on Google+, Facebook, YouTube etc., which will help them reach out directly to customers through digital channels thereby driving growth further over the forecast period.
Regional Analysis:
North America dominated the market in 2017 owing to the high concentration of users and manufacturers. The region is expected to maintain its position during the forecast period due to increasing awareness about cold and flu prevention, along with growing demand for natural products among consumers. Europe accounted for a significant share of revenue in 2017 owing to rising consumer preference towards organic lip balms that are free from parabens, phthalates, mineral oils, artificial flavors/ fragrances and petroleum distillates.
Asia Pacific is anticipated to witness lucrative growth over the forecast period as a result of rapid urbanization coupled with expanding population base in countries such as China & India & Australia. This has led marketers there toward developing new products infused with medicinal ingredients such as camphor or menthol which will drive demand across this region during the forecast years 2018-2030 timeframe as well.
Growth Factors:
- Increasing awareness about the benefits of using medicated lip balms among consumers.
- Growing demand for natural and organic lip balms across the globe.
- Rising number of product launches by various players in the market to cater to the increasing demand for medicated lip balms.
- Increasing adoption of medicated lip balms by men owing to their growing awareness about their skin health needs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medicated Lip Balms Market Research Report
By Type
Male, Female
By Application
Online, Offline
By Companies
L'Oréal S.A., Revlon, Pfizer, Kao Corporation, Avon Products, Inc., The Himalaya Drug Company, Beiersdorf AG., Bayer Corporation, Blistex Inc.
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Medicated Lip Balms Market Report Segments:
The global Medicated Lip Balms market is segmented on the basis of:
Types
Male, Female
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
Online, Offline
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'Oréal S.A.
- Revlon
- Pfizer
- Kao Corporation
- Avon Products, Inc.
- The Himalaya Drug Company
- Beiersdorf AG.
- Bayer Corporation
- Blistex Inc.
Highlights of The Medicated Lip Balms 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:
- Male
- Female
- By Application:
- Online
- Offline
- 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 Medicated Lip Balms 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?
Medicated lip balms are a type of lip balm that contains medication to treat various skin conditions. Medicated lip balms can be used to treat dry lips, chapped lips, cracked lips, and other types of skin problems.
Some of the key players operating in the medicated lip balms market are L'Or©al S.A., Revlon, Pfizer, Kao Corporation, Avon Products, Inc., The Himalaya Drug Company, Beiersdorf AG., Bayer Corporation, Blistex Inc..
The medicated lip balms market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medicated Lip Balms 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 Medicated Lip Balms Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medicated Lip Balms 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 Medicated Lip Balms 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 Medicated Lip Balms Market Size & Forecast, 2020-2028
4.5.1 Medicated Lip Balms Market Size and Y-o-Y Growth
4.5.2 Medicated Lip Balms Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Male
5.2.2 Female
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medicated Lip Balms 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 Medicated Lip Balms 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Male
9.6.2 Female
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 Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Male
10.6.2 Female
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 Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Male
11.6.2 Female
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 Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Male
12.6.2 Female
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 Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Male
13.6.2 Female
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) Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
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 Medicated Lip Balms Market: Competitive Dashboard
14.2 Global Medicated Lip Balms Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 L'Oréal S.A.
14.3.2 Revlon
14.3.3 Pfizer
14.3.4 Kao Corporation
14.3.5 Avon Products, Inc.
14.3.6 The Himalaya Drug Company
14.3.7 Beiersdorf AG.
14.3.8 Bayer Corporation
14.3.9 Blistex Inc.
