Market Overview:
The global lip balm market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for natural and organic lip balms, rising awareness about the benefits of using lip balms, and growing popularity of flavored lip balms. In terms of type, the solid cream lip balm segment is expected to lead the global market during the forecast period. This can be attributed to its easy application and long-lasting effect on lips.
Product Definition:
Lip balm is a wax-like substance that is applied to the lips to protect them from the sun, wind, and cold weather. It also helps keep the lips moist and can make them feel softer.
Solid Cream Lip Balm:
Solid cream lip balm is a lip care product that contains solidified oil. It’s also known as hard balm or cold-processed cream, which is used on the skin of the lips for protection and moisturization. The product has gained popularity due to its long-lasting benefits, which helps in making everyday wear lipstick more comfortable and convenient.
Liquid Gel Lip Balm:
Liquid gel lip balm is a new concept in the market which is created by mixing petroleum jelly with liquid paraffin. The product comes in different flavors such as strawberry, vanilla, chocolate and coconut among others. It has been found that this combination of ingredients gives excellent moisturizing properties to the skin and also acts as an excellent base for make-up products.
The main target audience for this product are people who have extremely dry skin or live in extremely cold regions.
Application Insights:
Lip balm for women was the largest application segment in 2017. This is attributed to increasing awareness about the importance of lip care and growing preference for cosmetic products targeted at improving lip appearance. Lip balm for men is expected to be one of the fastest-growing segments during forecast years owing to rising awareness about men¢â‚¬â„¢s health issues regarding chapped lips, rough skin on lips, and loss of hair around the mouth area. Rising influence of fashion models in advertisement campaigns by prominent cosmetics companies including L'Orƒ©al Paris is also a key factor driving product demand in this segment.
The other dedicated lip balm application segment includes offering different flavors such as minty, chocolatey, fruity or spicy that appeal more towards specific age groups like kids or adults respectively which may eventually boost market growth over forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of prominent players such as Burt's Bees, Chapstick, and Almond Roca. These companies are continuously investing in research & development activities to introduce new flavors and application forms of lip balms that can meet the needs and demands of consumers. Moreover, increasing awareness about sun protection among people is driving demand for protective lip products in this region.
Asia Pacific is expected to witness significant growth over the forecast period due to growing consumer awareness regarding personal care products along with an increase in spending power among middle-class income groups across countries such as China, India, Indonesia, Malaysia Philippines Singapore Thailand Vietnam etc. This has resulted into increased demand for various types of personal care cosmetics including lip balms which will drive regional growth over next eight years or so until 2030 AD (unless there is some major disruption).
Growth Factors:
- Increasing awareness about the benefits of lip balm among consumers.
- Rising demand for natural and organic lip balms.
- Growing popularity of flavored lip balms among consumers.
- Increasing use of lip balm by men for grooming purposes.
- increasing demand from emerging markets such as India and China
Scope Of The Report
Report Attributes
Report Details
Report Title
Lip Balm Market Research Report
By Type
Solid Cream Lip Balm, Liquid Gel Lip Balm,
By Application
Lip balm for women, Lip balm for men, Lip balm for baby, Other dedicated lip balm,
By Companies
Maybelline, L'Oreal, Burt’s Bees, Carmex
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Lip Balm Market Report Segments:
The global Lip Balm market is segmented on the basis of:
Types
Solid Cream Lip Balm, Liquid Gel Lip Balm,
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
Lip balm for women, Lip balm for men, Lip balm for baby, Other dedicated lip balm,
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:
- Maybelline
- L'Oreal
- Burt’s Bees
- Carmex
Highlights of The Lip Balm 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:
- Solid Cream Lip Balm
- Liquid Gel Lip Balm
- By Application:
- Lip balm for women
- Lip balm for men
- Lip balm for baby
- Other dedicated lip balm
- 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 Balm 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 balm is a petroleum jelly-based product that is used to protect and moisturize the lips.
Some of the major players in the lip balm market are Maybelline, L'Oreal, Burt¢â‚¬â„¢s Bees, Carmex.
The lip balm market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lip Balm Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lip Balm Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lip Balm Market - Supply Chain
4.5. Global Lip Balm Market Forecast
4.5.1. Lip Balm Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lip Balm Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lip Balm Market Absolute $ Opportunity
5. Global Lip Balm Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lip Balm Market Size and Volume Forecast by Type
5.3.1. Solid Cream Lip Balm
5.3.2. Liquid Gel Lip Balm
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lip Balm Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lip Balm Market Size and Volume Forecast by Application
6.3.1. Lip balm for women
6.3.2. Lip balm for men
6.3.3. Lip balm for baby
6.3.4. Other dedicated lip balm
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lip Balm Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lip Balm Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lip Balm Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lip Balm Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lip Balm Demand Share Forecast, 2019-2026
9. North America Lip Balm Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lip Balm Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lip Balm Market Size and Volume Forecast by Application
9.4.1. Lip balm for women
9.4.2. Lip balm for men
9.4.3. Lip balm for baby
9.4.4. Other dedicated lip balm
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lip Balm Market Size and Volume Forecast by Type
9.7.1. Solid Cream Lip Balm
9.7.2. Liquid Gel Lip Balm
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lip Balm Demand Share Forecast, 2019-2026
10. Latin America Lip Balm Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lip Balm Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lip Balm Market Size and Volume Forecast by Application
10.4.1. Lip balm for women
10.4.2. Lip balm for men
10.4.3. Lip balm for baby
10.4.4. Other dedicated lip balm
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lip Balm Market Size and Volume Forecast by Type
10.7.1. Solid Cream Lip Balm
10.7.2. Liquid Gel Lip Balm
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lip Balm Demand Share Forecast, 2019-2026
11. Europe Lip Balm Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lip Balm Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lip Balm Market Size and Volume Forecast by Application
11.4.1. Lip balm for women
11.4.2. Lip balm for men
11.4.3. Lip balm for baby
11.4.4. Other dedicated lip balm
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lip Balm Market Size and Volume Forecast by Type
11.7.1. Solid Cream Lip Balm
11.7.2. Liquid Gel Lip Balm
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lip Balm Demand Share, 2019-2026
12. Asia Pacific Lip Balm Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lip Balm Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lip Balm Market Size and Volume Forecast by Application
12.4.1. Lip balm for women
12.4.2. Lip balm for men
12.4.3. Lip balm for baby
12.4.4. Other dedicated lip balm
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lip Balm Market Size and Volume Forecast by Type
12.7.1. Solid Cream Lip Balm
12.7.2. Liquid Gel Lip Balm
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lip Balm Demand Share, 2019-2026
13. Middle East & Africa Lip Balm Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lip Balm Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lip Balm Market Size and Volume Forecast by Application
13.4.1. Lip balm for women
13.4.2. Lip balm for men
13.4.3. Lip balm for baby
13.4.4. Other dedicated lip balm
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lip Balm Market Size and Volume Forecast by Type
13.7.1. Solid Cream Lip Balm
13.7.2. Liquid Gel Lip Balm
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lip Balm Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lip Balm Market: Market Share Analysis
14.2. Lip Balm Distributors and Customers
14.3. Lip Balm Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Maybelline
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. L'Oreal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Burts Bees
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Carmex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
