Global Lip Care Products Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Product Coverage, By Application Coverage, By Distribution Channel Coverage, By Geographic Coverage and By Company)
Published Date: Oct 2023 |
Format:
| No. of Pages: 170
The global lip care products market size is presently around US$2.2 Bn and is expected to surpass US$3 Bn by the end of 2030.
Some of the biggest industry names include L'Oreal S.A., Unilever, Avon Products, Inc., The Colgate-Palmolive Company, Revlon, Inc., Johnson and Johnson, Nivea, and Maybelline.
The primary factor projected to drive the lip care products market expansion is an increasing demand for fashion and cosmetics, rising demand for lip balms, and increasing demand for disposable income.
The hypermarkets & supermarkets segment constituted a major share of the global lip care products market, as the leading distribution channels.
In 2022, the lip balm category held a significant share of the global market and will remain the leading revenue generator throughout the end of forecast period.