Industry Background:
The skin on our lips is much thinner than that of the facial skin. Lips are exposed to several stresses in our day to day lives. The sun, dry heating air and cold temperatures easily rob the moisture of our lips. Hence as a result our lips become chapped, rough and lose their natural beauty. There are a variety of lip care products that can neutralize this. The lip care products provide moisture and protect the lips from the wind and weather. The right lip care product will help to regenerate dry and badly damaged lips. The global lip care product market is expected to make large profits in the cosmetics industry but also in other sectors such as pharmaceuticals. Constant research and development are one of the topmost reasons for the increased growth of flavoured lip care products. Lip care products can now be offered at eye-catching prices as the online stores have partnered with the giant brands.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Maybelline LLC (United States), Nivea (Germany), Kiehl (United States), MAC (United States), SHISEIDO (Japan), Lancome (France), Neutrogena (United States), CHANEL (France), Yue Sai Kan (China), Max Factor (Poland), Elizabeth Arden (United States), Clinique (United States), L’Oréal (France), Revlon (United States) and Vaseline (United States) |
According to AMA, the market for Lip Care Products is expected to register a CAGR of 5.2% during the forecast period to 2030. This growth is primarily driven by Growing Focus of Increasing Population on Physical Appearance and Changing lifestyles and Standards Fueled by Rising Disposable Income.
Globally, a noticeable market trend is evident Increasing Demand for Lip Care Products with Natural & Organic Ingredients
Major Vendors, such as Maybelline LLC (United States), Nivea (Germany), Kiehl (United States), MAC (United States), SHISEIDO (Japan), Lancome (France), Neutrogena (United States), CHANEL (France), Yue Sai Kan (China), Max Factor (Poland), Elizabeth Arden (United States), Clinique (United States), L’Oréal (France), Revlon (United States) and Vaseline (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. The fragmented nature of the market is due to the great number of players present in the market. Market leaders are now focusing on new product innovations and developments due to highly changing customer demands and preferences. Also with the increase in demand from the emerging economies are also driving the demand for lip care products market.
Key Developments in the Market:
In November 2021: Amorepacific, under its Laneige lip care range, launched Amorepacific Lip Sleeping Mask Purple Edition, celebrating the ‘BTS PERMISSION TO DANCE ON STAGE’ tour. The product is available in Amorepacific’s official online store, Laneige’s official United States website, Sephora online store, and different offline stores as well.
In March 2022: Pilgrim, a direct-to-customer beauty and personal care brand, launched a new line of lip care range, namely, Squalane, in India. The product was made available in different flavors, including pomegranate extract, cocoa butter, and shea butter.
Influencing Trend:
Increasing Demand for Lip Care Products with Natural & Organic Ingredients and Focus on Development of New Lip Care Products
Market Growth Drivers:
Growing Focus of Increasing Population on Physical Appearance and Changing lifestyles and Standards Fueled by Rising Disposable Income
Challenges:
Growing Dominance of the Local Players
Restraints:
Adverse Effect on Lips with its Repeated Use of Lip Care Products and Increasing Availability of Artificial Products
Opportunities:
Rising Focus on Price Reduction through New Product Inventions and Growing Emphasis on Biodegradable Cosmetic Products
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Lip Care Products Market
- Analysis about New Entrants in Lip Care Products Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Lip Care Products Study Sheds Light on
The Lip Care Products Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lip Care Products industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lip Care Products 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.