Industry Background:
The lip scrub is made with coconut oil, granulated sugar, and bits of freeze-dried raspberries and lip balm is made with hydrating shea butter and coconut oil to give lips a smooth and soft finish It’s perfect to gently exfoliate skin and to transform and regenerate dry, chapped lips. Lip balm is to provide an closure layer on the lip surface to seal moisture in lips and protect them from external exposure. Dry air, cold temperatures, and wind all have a drying effect on skin by drawing moisture away from the body celebrity endorsement and attractive advertisement is raising the awareness of lip balm and lip scrub product and also it influence the customers to buy the product. and Raising high living standard and increase income is the factor are boost selling of the product
According to AMA Research, the market for Lip Balm And Lip Scrub is expected to register a CAGR of 4.7% during the forecast period to 2030. This growth is primarily driven by Rising Disposable Income
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Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Personal Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Mentholatum (United States), Lypsyl (United States), L’Oreal (France), ChapStick (United States), Labello (Germany), Carmex (United States), EOS (United States), Vaseline (United States), Blistex (United States), Burt’s Bees (United States), Revlon (United States), NUXE (France) and MARY KAY (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2022: e.l.f. Cosmetics partnered with Dunkin’, an American food service brand, to launch a limited-edition makeup collection, which Dunkin’ Coffee and Donuts inspired. This makeup collection consisted of coffee lip scrub, which was sugar-based and java-scented.
In November 2023, Hyphen unveiled the VIP Lip Balm Range at Nykaaland, with Kriti Sanon presenting the innovative product range.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Increasing Demand for Herbal and Organic Products and Increasing Sales Across Online Channels
Market Growth Drivers:
Rising Disposable Income and Growing Personal Care Awareness
Challenges:
High cost of promotion and paid advertisement and Presence of Counterfeit Products
Restraints:
Side Effects and Allergic Reactions and Growing demand of homemade beauty products
Opportunities:
Increasing Sales across Online Channels
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Lip Balm And Lip Scrub Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Lip Balm And Lip Scrub Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Lip Balm And Lip Scrub players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Lip Balm And Lip Scrub Study Sheds Light on
The Lip Balm And Lip Scrub Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lip Balm And Lip Scrub industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lip Balm And Lip Scrub industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.