Allied Market Research published a new report, titled, The “Global Lip Care Market” report is to depict the trends and upcoming for the Lip Care Market industry over the forecast years. Lip Care Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.
Lip care products are used to protect the lips from exposure to sun. The demand for lip care products has showcased an upliftment from female segment in past few years, nonetheless significant interest is also displayed by the male segment. A shift and change in taste & preferences of consumers from wax & petroleum based lip care products to those comprised with organic ingredients is expected to boost the demand for lip care products all globally.
Rise in health concern, increase in demand for multi-care, multi-functional, and organic lip care products, and higher awareness towards protection of lips from overexposure to sun are anticipated to propel the market growth from 2021-2028.
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The global lip care market is segmented based on product into non-medicated, medicated & therapeutic, and sun protection. Based on gender, it is bifurcated into male and female. Based on distribution channel, it is divided into hypermarket/supermarket, drug store, specialty retailers, online stores, and others. Based on price range, it is categorized into premium, mid, and low. Geographically, it is categorized into North America, Europe, Asia-Pacific, and LAMEA. Rise in population, urbanization, and change in lifestyle of people are anticipated to expand the growth of lip care market, especially in Asian countries.
Key players identified across the value chain of this report include LOreal, Avon Products, Beiersdorf AG, Unilever, Revlon, Kao Corporation, Bayer Corporation, Blistex Inc., and others.
Regional Analysis – North America (U.S., Canada, Mexico) Europe (France, Germany, UK, Rest of Europe) Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa)
The Covid-19 pandemic has a vital impact on the growth of the global Lip Care market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the global Lip Care market.
Lip Care Market key Segmentation:
• By Product
• By Gender
• By Price Range
• By Distribution Channel
Key Benefits of the Report:
• This study presents the analytical depiction of the Lip Care Market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Lip Care Market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Lip Care Market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed Lip Care Market analysis based on competitive intensity and how the competition will take shape in coming years.
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