Global Lip Care Products Market Assessment, By Category [Lip Balm, Lip Scrub, Lip Mask, Others], By Formulation [Stick, Gel, Cream, Roll-on, Others], By Functionality [Moisturizing, Therapeutic/Healing, Exfoliating, Others], By Gender [Male, Female, Unisex], By Price Range [Mass, Premium], By End-user [Individuals, Professionals], By Distribution Channel [Online Channel, Specialty Stores, Supermarkets/Hypermarkets, Convenience and Departmental Stores, Others], By Region, Opportunities, and Forecast, 2016-2030F

Global lip care products market was valued at USD 2.15 billion in 2022, expected to reach USD 3.02 billion in 2030, with a CAGR of 4.32% for the forecast period between 2023 and 2030. The market is witnessing robust growth driven by a surge in consumer awareness regarding lip health and an increasing focus on personal grooming. The market spans various products, including lip balms, lip scrubs, and therapeutic lip care items. Factors such as changing weather conditions, pollution, and the desire for aesthetically pleasing lips contribute to the expanding demand. With a rising trend toward clean and natural beauty, consumers are gravitating towards lip care products with organic and cruelty-free formulations.

Putting sun protection factors in lip products is gaining prominence as individuals seek comprehensive lip care solutions. The market is also witnessing innovations in packaging, with an emphasis on sustainability and user-friendly designs. E-commerce platforms play a pivotal role, providing consumers with convenient access to a wide array of lip care options and driving market growth. In addition to traditional consumers, beauty, and makeup professionals and healthcare practitioners contribute to the market's diversity.

Global lip care products market is poised for further expansion, fuelled by a combination of skincare trends, the growing influence of social media, and the continuous introduction of innovative formulations catering to varied consumer preferences and needs. As the industry aligns with eco-friendly practices and embraces inclusivity, lip care is evolving beyond basic skincare, becoming a key component of overall beauty and wellness routines worldwide.

In March 2022, e.l.f. cosmetics collaborated with Dunkin', an American food service brand, to release a limited-edition makeup collection inspired by Dunkin' coffee and donuts. The collection featured a coffee lip scrub, which was sugar-based and java-scented.

Fluctuating Weather Conditions Lead to a Heightened Need for Lip Hydration and Protection

Changing weather patterns significantly impact the global lip care products market. Extremes in temperature, humidity, and exposure to harsh environmental conditions contribute to dry and chapped lips. Consumers seek effective lip care solutions to combat these weather-induced challenges, emphasizing moisturization and protection. As weather patterns become more unpredictable, the market responds with innovative formulations addressing diverse climate-related concerns. Lip care products evolve to meet dynamic weather challenges, ensuring that consumers can maintain optimal lip health and aesthetics regardless of the environmental conditions they encounter. For example, in March 2023, Selena Gomez's Rare Beauty launched the Soft Pinch Tinted Lip Oil, a new product with a formula enriched with hydrating ingredients such as jojoba seed oil and sunflower seed oil, providing a balm-like moisturizing effect during wear.

Innovations in Packaging Designs with a Focus on Sustainability Influencing Consumer Choices

Packaging innovations are pivotal in shaping the global lip care products market. The industry witnessed a surge in sustainable, user-friendly designs that align with eco-conscious consumer preferences. Innovative packaging not only enhances aesthetic appeal but also emphasizes functionality and portability. Brands invest in eco-friendly materials, minimize waste, and incorporate convenient applicators. Aesthetic considerations, such as unique shapes and vibrant colors, enhance product visibility and attract consumers. As sustainability becomes a driving force, recyclable and reusable packaging solutions gain prominence, influencing purchasing decisions. Packaging innovations contribute to a positive consumer experience, reflecting a commitment to product quality and environmental responsibility in the competitive lip care products market. In June 2023, Finland-based Sulapac introduced Sulapac Luxe, a bio-based packaging material designed for luxury fragrance caps and various cosmetic and personal care packaging. It enables brands to adopt eco-friendly packaging without compromising quality or functionality.

Growing Recognition of the Need for Sun Protection for the Lips  

The emphasis on sun protection is a significant influencer in the global lip care products market. Increasing awareness of the adverse effects of UV radiation on lip health propels the demand for lip care formulations with built-in sun protection factors. Consumers prioritize products that shield lips from sun damage, preventing dryness, and reducing the risk of conditions like sunburn. Incorporating SPF in lip balms and other products addresses the need for comprehensive lip care, aligning with broader skincare trends. This emphasis reflects a proactive approach to lip health, making sun protection a crucial factor shaping consumer choices and driving the market for lip care products worldwide. In May 2023, US-based brand Supergoop! introduced an innovative product, the "Lipshade" 100% Mineral SPF 30 Lipstick, that provides hydration and protection from UV rays. Available in five shades, this product transforms from a mere makeup item to a comprehensive lip care solution, offering both colour variety and protective benefits.

Lip Balms Holding the Major Market Share

Lip balms command a substantial market share in the global lip care products industry. Renowned for their versatility, lip balms cater to widespread consumer needs by offering essential hydration, protection against environmental factors, and often sun protection (SPF). Their ease of use and portability make them a go-to choice for consumers seeking daily lip care. In fact, Americans annually spend over 200 million dollars on it alone, with nearly 66 percent of people incorporating it into their daily routine. Additionally, the market has witnessed innovations in lip balm formulations, including natural and organic ingredients, therapeutic properties, and diverse flavor options. Lip balms are a staple in personal grooming routines, reflecting their widespread popularity and consistent consumer preference for a reliable and effective lip care solution.

Impact of COVID-19

The COVID-19 pandemic has influenced the global lip care products market in several ways. Lockdowns and lifestyle changes initially led to a temporary dip in the demand for cosmetic products, including lip care. However, focusing on personal wellness and skincare during the pandemic boosted the market's recovery. Consumers, spending more time indoors, sought lip care for hydration and self-care. E-commerce became a preferred channel for purchasing lip care products due to safety concerns. The market adapted by introducing products addressing mask-induced dryness. Overall, the pandemic reshaped consumer priorities, emphasizing the role of lip care in holistic well-being and contributing to the market's resilience and adaptation.

Global Lip Care Products Market: Report Scope

"Lip Care Products Market Assessment, Opportunities, and Forecast, 2016-2030F” is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global lip care products market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2022
Historical Period	2016-2021
Forecast Period	2023-2030
Projected Growth Rate	CAGR of 4.32% from 2023-2030
Revenue Forecast in 2030	USD 3.02 billion
Units	Revenue in USD in billion
Segments Covered	Category, Formulation, Functionality, SPF Range, Ingredient Preferences, Gender, Price Range, End-user, Distribution Channel
Regions Covered	North America, Europe, South America, Asia-Pacific and Middle East & Africa
Key Companies Profiled	L'Oréal S.A., LVMH Moët Hennessy Louis Vuitton, Amorepacific Corporation, Groupe Clarins, Beiersdorf AG, JAB Beauty B.V. (Coty Inc.), HB USA Holdings, Inc., The Estée Lauder Companies Inc., Revlon, Inc., Kao Corporation
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased). We can also provide the editable version of the report in PPT/PDF format on special request

In this report, global lip care products market has been segmented into following categories:

1.       By Category

1.1.    Lip Balm

1.2.    Lip Scrub

1.3.    Lip Mask

1.4.    Others

2.       By Formulation

2.1.    Stick

2.2.    Gel

2.3.    Cream

2.4.    Roll-on

2.5.    Others

3.       By Functionality

3.1.    Moisturizing

3.2.    Therapeutic/Healing

3.3.    Exfoliating

3.4.    Others

4.       By Ingredient Preferences

4.1.    Paraben-free

4.2.    Cruelty-Free

4.3.    Sulfate-free

4.4.    Vegan

4.5.    Others

5.       By Gender

5.1.    Male

5.2.    Female

5.3.    Unisex

6.       By End-user

6.1.    Individuals

6.2.    Professionals

6.2.1.Medical Professionals

6.2.2.Beauty and Makeup Artists

6.2.3.Fashion Industry

6.2.4.Entertainment Industry

6.2.5.Others

7.       By Distribution Channel

7.1.    Online Channel

7.2.    Specialty Stores

7.3.    Supermarkets/Hypermarkets

7.4.    Convenience and Departmental Stores

7.5.    Others

8.       By Region

8.1.    North America

8.2.    Europe

8.3.    South America

8.4.    Asia-Pacific

8.5.    Middle East and Africa

Key Players Landscape and Outlook

Global lip care products market features a competitive landscape with key players driving innovation and market growth. Esteemed companies such as Amorepacific Corporation, L'Oréal S.A., The Estée Lauder Companies Inc., and Revlon, Inc. maintain a significant market presence. The outlook emphasizes product diversification, incorporating natural and organic ingredients, and sustainable packaging. E-commerce platforms play a crucial role in reaching a broader consumer base. Influencer marketing and celebrity endorsements continue to shape consumer preferences. The lip care products market is poised for expansion, focusing on meeting evolving consumer demands for effective, eco-friendly, and aesthetically pleasing lip care solutions. In November 2023, Jennifer Lopez owned JLo Beauty launched the JLo Beauty Beso Balm Ultra-Hydrating Lip Mask, a moisturizing mask suitable for any time, providing smoother, plumper lips with a glossy finish. This buttery balm claims to seal in moisture without any stickiness.

Key Players Operating in Global Lip Care Products Market are:

·         L'Oréal S.A.

·         LVMH Moët Hennessy Louis Vuitton

·         Amorepacific Corporation

·         Groupe Clarins

·         Beiersdorf AG

·         JAB Beauty B.V. (Coty Inc.)

·         HB USA Holdings, Inc.

·         The Estée Lauder Companies Inc.

·         Revlon, Inc.

·         Kao Corporation

Markets and Data’s reports answer the following questions:

·         What is the current and future market size of the product/service in question globally or specific to different countries?

·         How are the markets divided into different product/service segments and each segment’s market size and growth? 

·         What is the market potential of different product segments and their investment case?

·         How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

·         What is the business environment and regulatory landscape specific to the product/service?

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