The global lip care products market size is expected to reach USD 3.1 billion by 2028, registering a CAGR of 5.9% over the forecast period. The demand for lip care products is witnessing rapid growth owing to the growing concerns regarding personal grooming and appearance. An increasing number of beauty & health-conscious consumers are preferring vegan and organic lip care products, which has resulted in increased adoption of these products.
Products, such as lip balms, scrubs, and masks, containing ingredients, such as hyaluronic acid and essential oils like coconut & olive oils, are gaining immense popularity. The presence of essential oils is primarily intended to provide nourishment, and offer protection against dust, UV rays, and cold, which is driving their adoption in regular beauty regimes.
The lip balm segment held the largest segment in 2020 and is expected to maintain dominance over the forecast period. Lip balms are intended to offer the benefits of instant hydration and moisturization, which is driving their adoption as an essential lip care product. The growing availability of lip balms with various fragrances, flavors, plant-based ingredients, sizes, and shapes, are boosting the market growth.
The hypermarket & supermarket distribution channel segment accounted for the largest revenue share in 2020. An increasing number of product manufacturers are offering their lip care range through these stores. For instance, in November 2020, Eco Lips Store announced the launch of its six organic lip balms through Walmart stores.
The global market is consolidated owing to the presence of a large number of international players, such as L’Oreal S.A., Unilever Beiersdorf AG, The Colgate-Palmolive Company, The Estée Lauder Companies, Inc., Johnson and Johnson, and Avon Products, Inc. These players have an extensive product portfolio as well as a large customer base.
Products, such as lip balms, scrubs, and masks, containing ingredients, such as hyaluronic acid and essential oils like coconut & olive oils, are gaining immense popularity. The presence of essential oils is primarily intended to provide nourishment, and offer protection against dust, UV rays, and cold, which is driving their adoption in regular beauty regimes.
The lip balm segment held the largest segment in 2020 and is expected to maintain dominance over the forecast period. Lip balms are intended to offer the benefits of instant hydration and moisturization, which is driving their adoption as an essential lip care product. The growing availability of lip balms with various fragrances, flavors, plant-based ingredients, sizes, and shapes, are boosting the market growth.
The hypermarket & supermarket distribution channel segment accounted for the largest revenue share in 2020. An increasing number of product manufacturers are offering their lip care range through these stores. For instance, in November 2020, Eco Lips Store announced the launch of its six organic lip balms through Walmart stores.
The global market is consolidated owing to the presence of a large number of international players, such as L’Oreal S.A., Unilever Beiersdorf AG, The Colgate-Palmolive Company, The Estée Lauder Companies, Inc., Johnson and Johnson, and Avon Products, Inc. These players have an extensive product portfolio as well as a large customer base.
Lip Care Products Market Report Highlights
- Asia Pacific is expected to register the fastest CAGR from 2021 to 2028. Several brands including L'Oreal S.A are launching and promoting their products through digital platforms in China owing to the growing presence of social media-savvy consumers in the region. Such instances are expected to boost the demand for premium lip care products in the region
- The other product segment, which includes lip butters, masks, etc., is projected to register the fastest CAGR during the forecast period
- Consumers look for innovative organic lip masks that contain ingredients like chamomile, honey, brown sugar, and other vegan plant-based ingredients, which is driving the other product segment
- The specialty store distribution channel segment is expected to register a significant CAGR during the forecast period owing to the shift in consumers’ shopping behavior and the presence of several premia as well as clean-label brands
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. The Publisher's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Distribution Channel Outlook
Chapter 3. Lip Care Products Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Driver Impact Analysis
3.4.2. Restraint Impact Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's Five Forces
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Lip Care Products Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the Lip Care Products Market
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Lip Care Products Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2020 & 2028
5.2. Lip Balm
5.2.1. Market Estimates and Forecast for Lip Balm, 2016 - 2028 (USD Million)
5.3. Lip Scrub
5.3.1. Market Estimates and Forecast for Lip Scrub, 2016 - 2028 (USD Million)
5.4. Others
5.4.1. Market Estimates and Forecast for Others, 2016 - 2028 (USD Million)
Chapter 6. Lip Care Products Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2020 & 2028
6.2. Hypermarkets & Supermarkets
6.2.1. Market Estimates and Forecast Through Hypermarkets & Supermarkets, 2016 - 2028 (USD Million)
6.3. Pharmacy & Drug Stores
6.3.1. Market Estimates and Forecast Through Pharmacy & Drug Stores, 2016 - 2028 (USD Million)
6.4. Specialty Stores
6.4.1. Market Estimates and Forecast Through Specialty Stores, 2016 - 2028 (USD Million)
6.5. Online
6.5.1. Market Estimates and Forecast Through Online, 2016 - 2028 (USD Million)
6.6. Others
6.6.1. Market Estimates and Forecast Through Others, 2016 - 2028 (USD Million)
Chapter 7. Lip Care Products Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2020 & 2028
7.2. North America
7.2.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.2.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.2.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.2.4. U.S.
7.2.4.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.2.4.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.2.4.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.3. Europe
7.3.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.3.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.3.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.3.4. Germany
7.3.4.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.3.4.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.3.4.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.3.5. U.K.
7.3.5.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.3.5.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.3.5.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.3.6. France
7.3.6.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.3.6.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.3.6.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.4. Asia-Pacific
7.4.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.4.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.4.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.4.4. China
7.4.4.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.4.4.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.4.4.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.4.5. Japan
7.4.5.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.4.5.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.4.5.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.4.5.4.
7.4.6. India
7.4.6.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.4.6.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.4.6.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.5. Central & South America
7.5.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.5.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.5.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.5.4. Brazil
7.5.4.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.5.4.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.5.4.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.6. Middle East & Africa
7.6.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.6.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.6.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
7.6.4. South Africa
7.6.4.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
7.6.4.2. Market Estimates and Forecast, by Product, 2016 - 2028 (USD Million)
7.6.4.3. Market Estimates and Forecast, by Distribution Channel, 2016 - 2028 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key Global Players, Recent Developments & Their Impact on the Industry
8.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.3. Vendor Landscape
8.3.1. Key Company Market Share Analysis, 2020
Chapter 9. Company Profiles
9.1. L'oreal S.A.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Unilever
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Beiersdorf Ag
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. the Colgate-Palmolive Company
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. the Estée Lauder Companies, Inc.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Johnson and Johnson
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Avon Products, Inc.
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Shiseido Co., Ltd.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. the Procter & Gamble Company
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Revlon, Inc.
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Lip care products market - Driving factor impact analysis
2. Lip care products market - Restraint factor impact analysis
3. Lip balm market estimates and forecast, 2016 - 2028 (USD Million)
4. Lip scrub market estimates and forecast, 2016 - 2028 (USD Million)
5. Other lip care products market estimates and forecasts, 2016 - 2028 (USD Million)
6. Lip care products market estimates and forecasts through supermarkets & hypermarkets, 2016 - 2028 (USD Million)
7. Lip care products market estimates and forecasts through pharmacy & drug store, 2016 - 2028 (USD Million)
8. Lip care products market estimates and forecasts through specialty store, 2016 - 2028 (USD Million)
9. Lip care products market estimates and forecasts through online, 2016 - 2028 (USD Million)
10. Lip care products market estimates and forecasts through other distribution channels, 2016 - 2028 (USD Million)
11. North America lip care products market estimates and forecast, 2016 - 2028 (USD Million)
12. North America lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
13. North America lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
14. U.S. lip care products market estimates and forecast, 2016 - 2028 (USD Million)
15. U.S. lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
16. U.S. lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
17. Europe lip care products market estimates and forecast, 2016 - 2028 (USD Million)
18. Europe lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
19. Europe lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
20. Germany lip care products market estimates and forecast, 2016 - 2028 (USD Million)
21. Germany lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
22. Germany lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
23. U.K. lip care products market estimates and forecast, 2016 - 2028 (USD Million)
24. U.K. lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
25. U.K. lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
26. France lip care products market estimates and forecast, 2016 - 2028 (USD Million)
27. France lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
28. France lipcare products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
29. Asia Pacific lip care products market estimates and forecast, 2016 - 2028 (USD Million)
30. Asia Pacific lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
31. Asia Pacific lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
32. China lip care products market estimates and forecast, 2016 - 2028 (USD Million)
33. China lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
34. China lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
35. Japan lip care products market estimates and forecast, 2016 - 2028 (USD Million)
36. Japan lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
37. Japan lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
38. India lip care products market estimates and forecast, 2016 - 2028 (USD Million)
39. India lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
40. India lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
41. Central & South America lip care products market estimates and forecast, 2016 - 2028 (USD Million)
42. Central & South America lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
43. Central & South America lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
44. Brazil lip care products market estimates and forecast, 2016 - 2028 (USD Million)
45. Brazil lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
46. Brazil lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
47. Middle East & Africa lip care products market estimates and forecast, 2016 - 2028 (USD Million)
48. Middle East & Africa lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
49. Middle East & Africa lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
50. South Africa lip care products market estimates and forecast, 2016 - 2028 (USD Million)
51. South Africa lip care products market estimates and forecast, by product, 2016 - 2028 (USD Million)
52. South Africa lip care products market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
53. Company categorizationList of Figures
1. Lip care products market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Lip care products market - Penetration & growth prospect mapping
7. Lip care products market- Value chain analysis
8. Profit margin analysis
9. Lip care products market: Porter’s Five Forces Analysis
10. Lip care products market: Roadmap
11. Factors affecting the buying decision for Lip care products market
12. Lip care products market: Product share (%) analysis, 2020 & 2028
13. Lip care products: Distribution channel share (%) analysis, 2020 & 2028
14. Lip care products market: Regional share (%) analysis, 2020 & 2028
Companies Mentioned
- Avon Products, Inc.
- Beiersdorf Ag
- Johnson And Johnson
- L'oreal S.A.
- Revlon, Inc.
- Shiseido Co., Ltd.
- The Colgate-Palmolive Company
- The Estée Lauder Companies, Inc.
- The Procter & Gamble Company
- Unilever
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | November 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2.08 Billion |
| Forecasted Market Value ( USD | $ 3.1 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
