Increasing working people, increasing disposable income, and increasing incidence of lip-related disorders are some key factors driving market revenue growth
The global lip care market size was USD 2,960.0 Million in 2021 and is expected to register a revenue CAGR of 4.9% over the forecast period, according to the latest report by Reports and Data. Rising awareness of healthcare and grooming among both male and female customers are key factors expected to drive revenue growth of the market to some extent. The need for the product is estimated to grow due to rising lip care issues such as darkening, chapping, dividing, and wrinkles brought on by allergies, dehydration, vitamin, and nutritional shortages, sun damage, and other factors. The market is expected to continue to be driven by growing awareness of the advantages of using skin and lip protection products.
Lip care products are primarily used by women, however, due to a growing trend in male grooming, the market has experienced a considerable increase in male interest. Long-term, uncovered exposure to sunlight can cause actinic cheilitis, wrinkles, and accelerated aging of the lips. Customers’ demand for lip care products that provide sun protection has increased as a result of this. A larger consumer base has been created as a result of these producers’ increasing focus on product innovations, the development of long-term and quicker formulae, and appealing product lines for teenagers.
Smoking cigarettes is a bad habit that damages lips and causes specific issues like discoloration, chapping, and wrinkles. This is just one of several significant variables driving demand for lip care products. Lip care product manufacturers invest in R&D to provide creative products that can meet changing client needs, which is expected to drive revenue growth of the market.
Companies profiled in the market report are Avon Products, Inc., Beiersdorf AG, Shiseido Company, Limited, Revlon Consumer Products Corporation, Unilever plc, Kao Corporation, Bayer AG, The Clorox Company, eos Products, LLC, and Carma Labs Inc.
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Some Key Highlights From the Report
For the purpose of this report, Reports and Data has segmented the global lip care market based on type, product, distribution channel, price range, packaging form, and region:
Type Outlook (Revenue, USD Million; 2019-2030)
Product Outlook (Revenue, USD Million; 2019-2030)
Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
Price Range Outlook (Revenue, USD Million; 2019-2030)
Packaging Form Outlook (Revenue, USD Million; 2019-2030)
Regional Outlook (Revenue, USD Million; 2019-2030)
Key Advantages of Lip Care Report:
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