Lip Balm Market Overview
The Global Lip Balm Market is projected to rise at a considerable rate in the coming years. Lip balm is a waxy material that is applied to the lips to hydrate them when they are dry. Lip balm sales are on the rise all around the world as people become more conscious of the importance of personal maintenance.
Lip skin is thinner than facial skin, and as a result, it dries quickly. Lip balms keep lips nourished and help them heal faster. The majority of lip balms contain SPF, which protects against the sun's harmful rays. Lip balms also hydrate, nourish, colour, and give the lips a glossy sheen, making them appear fuller. Lip balm demand rises as a result of these reasons. Eventually, it boosts the growth of the Global Lip Balm Market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, Price, Distribution Channel, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Kao Corporation, Revlon, Beiersdorf, The Clorox Company, Unilever N.V./PLC, Carma Labs, L'Oréal S.A., EOS Products, AVON PRODUCTS, Himalaya Global Holdings Ltd. |
Covid-19 Impact on Lip Balm Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Lip Balm Market Segment Overview
According to Type, Flavored is the largest segment in the global Lip Balm Market. Lip balms come in a variety of flavours and aromas. Furthermore, by, Distribution Channel, Online is a major segment in the market. The lip balm market is being propelled by the expansion of the online platform, increased consumer knowledge about lip care, and improved consumer lifestyles.
Lip Balm Market, By Type
· Flavored
· CBD or Hemp Oil
· SPF
· Tinted
· Plumping
· Organic
· Medicated
· Others
Lip Balm Market, By Application
· Individual
· Commercial
Lip Balm Market, By Price
· Low
· Medium
· High
Lip Balm Market, By Distribution Channel
- Online
- E Commerce Websites
- Company Owned Websites
- Offline
- Supermarket/Hypermarket
- Specialty Store
- Others
Lip Balm Market Regional Overview
Region-Wise, the global lip balm market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific dominated the global lip balm market in 2020. This is due to a rise in awareness about personal care and grooming in the region. Lip balm has been propelled by population growth in the Asia Pacific, particularly in China, India, and Japan. Additionally, during the forecast period, the lip balm market in the Asia Pacific is expected to grow at a quick pace, followed by North America and Europe.
Lip Balm Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Lip Balm Market, Key Players
· Kao Corporation
· Revlon
· Beiersdorf
· The Clorox Company
· Unilever N.V./PLC
· Carma Labs
· L'Oréal S.A.
· EOS Products
· AVON PRODUCTS
· Himalaya Global Holdings Ltd.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Lip Balm market?
Lip balm sales are on the rise all around the world as people become more conscious of the importance of personal maintenance. This key factor is expected to boost the growth of the global Lip Balm market.
Q2. Which Segments are covered in the global Lip Balm market report?
Type, Application, Price, Distribution Channel, and Region. these segments are covered in the global Lip Balm market report
Q3. Which segment is projected to hold the largest share in the global Lip Balm market. ?
Flavored segment is projected to hold the largest share in the global Lip Balm market.
Q4. Which region holds the largest share in the global Lip Balm market?
The Asia Pacific held the largest share in the global Lip Balm market
Q5. Which are the prominent players in the global Lip Balm market?
Kao Corporation, Revlon, Beiersdorf, The Clorox Company, Unilever N.V./PLC, Carma Labs, L'Oréal S.A., EOS Products, AVON PRODUCTS, Himalaya Global Holdings Ltd. are some key players in the global Lip Balm market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Lip Balm Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Flavored
- 5.2.2. CBD or Hemp Oil
- 5.2.3. SPF
- 5.2.4. Tinted
- 5.2.5. Plumping
- 5.2.6. Organic
- 5.2.7. Medicated
- 5.2.8. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Individual
- 5.3.2. Commercial
- 5.4. Market Analysis, Insights and Forecast – By Price
- 5.4.1. Low
- 5.4.2. Medium
- 5.4.3. High
- 5.5. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.5.1. Online
- 5.5.1.1. E Commerce Websites
- 5.5.1.2. Company Owned Websites
- 5.5.2. Offline
- 5.5.2.1. Supermarket/Hypermarket
- 5.5.2.2. Specialty Store
- 5.5.2.3. Others
- 5.5.1. Online
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Lip Balm Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Flavored
- 6.2.2. CBD or Hemp Oil
- 6.2.3. SPF
- 6.2.4. Tinted
- 6.2.5. Plumping
- 6.2.6. Organic
- 6.2.7. Medicated
- 6.2.8. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Individual
- 6.3.2. Commercial
- 6.4. Market Analysis, Insights and Forecast – By Price
- 6.4.1. Low
- 6.4.2. Medium
- 6.4.3. High
- 6.5. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.5.1. Online
- 6.5.1.1. E Commerce Websites
- 6.5.1.2. Company Owned Websites
- 6.5.2. Offline
- 6.5.2.1. Supermarket/Hypermarket
- 6.5.2.2. Specialty Store
- 6.5.2.3. Others
- 6.5.1. Online
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Lip Balm Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Flavored
- 7.2.2. CBD or Hemp Oil
- 7.2.3. SPF
- 7.2.4. Tinted
- 7.2.5. Plumping
- 7.2.6. Organic
- 7.2.7. Medicated
- 7.2.8. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Individual
- 7.3.2. Commercial
- 7.4. Market Analysis, Insights and Forecast – By Price
- 7.4.1. Low
- 7.4.2. Medium
- 7.4.3. High
- 7.5. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.5.1. Online
- 7.5.1.1. E Commerce Websites
- 7.5.1.2. Company Owned Websites
- 7.5.2. Offline
- 7.5.2.1. Supermarket/Hypermarket
- 7.5.2.2. Specialty Store
- 7.5.2.3. Others
- 7.5.1. Online
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Lip Balm Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Flavored
- 8.2.2. CBD or Hemp Oil
- 8.2.3. SPF
- 8.2.4. Tinted
- 8.2.5. Plumping
- 8.2.6. Organic
- 8.2.7. Medicated
- 8.2.8. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Individual
- 8.3.2. Commercial
- 8.4. Market Analysis, Insights and Forecast – By Price
- 8.4.1. Low
- 8.4.2. Medium
- 8.4.3. High
- 8.5. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.5.1. Online
- 8.5.1.1. E Commerce Websites
- 8.5.1.2. Company Owned Websites
- 8.5.2. Offline
- 8.5.2.1. Supermarket/Hypermarket
- 8.5.2.2. Specialty Store
- 8.5.2.3. Others
- 8.5.1. Online
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Lip Balm Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Flavored
- 9.2.2. CBD or Hemp Oil
- 9.2.3. SPF
- 9.2.4. Tinted
- 9.2.5. Plumping
- 9.2.6. Organic
- 9.2.7. Medicated
- 9.2.8. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Individual
- 9.3.2. Commercial
- 9.4. Market Analysis, Insights and Forecast – By Price
- 9.4.1. Low
- 9.4.2. Medium
- 9.4.3. High
- 9.5. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.5.1. Online
- 9.5.1.1. E Commerce Websites
- 9.5.1.2. Company Owned Websites
- 9.5.2. Offline
- 9.5.2.1. Supermarket/Hypermarket
- 9.5.2.2. Specialty Store
- 9.5.2.3. Others
- 9.5.1. Online
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Kao Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Revlon
- 10.6. Beiersdorf
- 10.7. The Clorox Company
- 10.8. Unilever N.V./PLC
- 10.9. Carma Labs
- 10.10. L'Oréal S.A.
- 10.11. EOS Products
- 10.12. AVON PRODUCTS
- 10.13. Himalaya Global Holdings Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
