Global Lip Balm Market Growth 2023-2029

Global Lip Balm Market Growth 2023-2029

Lip balm is a substance put on the lips to give relief to dry or chapped. It may also be used to help soothe certain other situations, such as cold sores. The balm may be made with any number of ingredients, but usually includes something like petroleum jelly or beeswax, as well as scented oils, and sometimes medicinal herbs or medicinal compounds. It can also have things like vitamins and minerals included, in theory to help support the health of the lips, and many types include sunscreen to help prevent sun damage to the sensitive skin on the lips. Lip balm can be applied where a finger is used to apply it to the lips, or in a lipstick-style tube from which it can be applied directly.

Currently, there are different types and kinds of lip balm available in the market. And the classification of lip balm is different according to different point of view. So in this report, we counts product properties includes solid and oily, and the color of the lip balm includes colorless and colored, but it does not include the lipstick which has an effect of moisture. In this report we counts the each Pcs lip balm is about 0.12oz.
LPI (LP Information)' newest research report, the “Lip Balm Industry Forecast” looks at past sales and reviews total world Lip Balm sales in 2022, providing a comprehensive analysis by region and market sector of projected Lip Balm sales for 2023 through 2029. With Lip Balm sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lip Balm industry.
This Insight Report provides a comprehensive analysis of the global Lip Balm landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lip Balm portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lip Balm market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lip Balm and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lip Balm.
The global Lip Balm market size is projected to grow from US$ 821.8 million in 2022 to US$ 1245.6 million in 2029; it is expected to grow at a CAGR of 1245.6 from 2023 to 2029.
The major players in global Lip Balm market include Mentholatum, Maybelline, etc. The top 2 players occupy about 20% shares of the global market. North America and Europe are main markets, they occupy about 50% of the global market. Solid Cream Lip Balm is the main type, with a share over 50%. Lip Balm For Women is the main application, which holds a share about 80%.
This report presents a comprehensive overview, market shares, and growth opportunities of Lip Balm market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Solid Cream Lip Balm
Liquid Gel Lip Balm
Segmentation by application
Lip Balm For Women
Lip Balm For Men
Lip Balm For Baby
Other Dedicated Lip Balm
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mentholatum
Maybelline
Nivea
Kiehl
MAC
DHC
SHISEIDO
Lancome
Neutrogena
CHANEL
Yue sai
Max Factor
Elizabeth Arden
Clinique
MARY KAY
L'Oreal
NUXE
Revlon
Burt's Bees
Blistex
Vaseline
EOS
Carmex
Labello
ChapStick
Lip Smacker
AVON
Lypsyl
CARSLAN
Ainuo
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lip Balm market?
What factors are driving Lip Balm market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lip Balm market opportunities vary by end market size?
How does Lip Balm break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.