Market Size of Lip Care Products Industry
Study Period | 2019-2029 |
Market Size (2024) | USD 4.52 Billion |
Market Size (2029) | USD 5.74 Billion |
CAGR (2024 - 2029) | 4.90 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Lip Care Products Market Analysis
The Lip Care Products Market size is estimated at USD 4.52 billion in 2024, and is expected to reach USD 5.74 billion by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
- Lip care products are highly used across the globe every day. Not only women but men are also increasingly using lip care products such as lip balms, lip scrubs, etc. Consumers are increasingly conscious of the presence of toxic chemicals in such products. Consequently, they are shifting towards safer alternatives available in the market that are free from harmful ingredients, ensuring a safer and healthier usage experience.
- Chemicals such as parabens, fragrances, etc., are harmful and can cause negative health effects. Therefore, this is promoting the demand for lip care products that are organic and natural. The global market for lip care products is experiencing growth driven by the growing awareness among consumers regarding their physical appearance.
- Millennials, in particular, are actively expanding their use of personal care products, with a notable emphasis on lip care products, thereby boosting market demand. Additionally, the easy availability of these products through various online and offline distribution channels is further contributing to the escalating demand in the market.
- Additionally, the rising lip care problems, such as chapping, darkening, wrinkles, and splitting, caused by various reasons like allergies, dehydration, sun damage, and vitamin and mineral deficiencies, are anticipated to propel the market demand for lip care products further. Unhealthy lifestyle habits like smoking are increasing darker and wrinkled lip concerns, thereby driving the growth of the market. According to the Oral Health Foundation data from 2022, 6.9 million people in the United Kingdom smoke cigarettes.
- The escalating issues related to lip care have led to increased demand, prompting market players to introduce new products aligned with consumer preferences. For instance, in April 2022, e.l.f. Cosmetics partnered with Dunkin’, an American foodservice brand, to launch a limited-edition makeup collection, which was inspired by Dunkin’ Coffee and Donuts. This makeup collection consisted of coffee lip scrub, which was sugar-based and java-scented.
Lip Care Products Industry Segmentation
Lip care products refer to the different sets of products that are primarily used to treat chapped and dried lips and moisturize them. Along with this, these products are also used to lighten dark lips.
The global lip care products market is segmented by type, distribution channel, and geography. By type, the market is segmented into lip balms, lip scrubs, and other types. Lip balms are further segmented into lip masks and lip salves. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacies/drug stores, specialty stores, online retail stores, and other distribution channels. By geography, the market is segmented into North America, Europe, South America, Asia-Pacific, the Middle East, and Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
Type | ||||
| ||||
Lip Scrubs | ||||
Other Types |
Distribution Channel | |
Supermarkets/Hypermarkets | |
Pharmacies/Drug Stores | |
Specialty Stores | |
Online Retail Stores | |
Other Distribution Channels |
Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Lip Care Products Market Size Summary
The lip care products market is experiencing significant growth, driven by increasing consumer awareness and demand for safer, organic, and natural alternatives to traditional products. This shift is largely due to concerns over harmful chemicals like parabens and fragrances, prompting consumers to seek products with clean-label ingredients. The market is further bolstered by the rising popularity of personal care products among millennials and the easy accessibility of these items through various distribution channels. Additionally, the prevalence of lip care issues such as chapping and darkening, often exacerbated by lifestyle factors like smoking and sun exposure, is fueling the demand for effective lip care solutions. This has led to the introduction of innovative products, such as those developed in collaboration with food and beverage brands, catering to evolving consumer preferences.
In the Asia-Pacific region, the market is expanding rapidly due to increased consumer spending on personal care and beauty products. The introduction of advanced product categories and collaborations between key players and new entrants are enhancing market competition and variety. Companies are leveraging celebrity endorsements and social media promotions to reach broader audiences. The market is characterized by the presence of major global players who are focusing on product innovation, strategic partnerships, and expanding their product portfolios to capture a larger market share. These efforts are contributing to the overall growth and competitiveness of the lip care products market worldwide.
Lip Care Products Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Lip Balms
-
2.1.1.1 Lip Masks
-
2.1.1.2 Lip Salve
-
-
2.1.2 Lip Scrubs
-
2.1.3 Other Types
-
-
2.2 Distribution Channel
-
2.2.1 Supermarkets/Hypermarkets
-
2.2.2 Pharmacies/Drug Stores
-
2.2.3 Specialty Stores
-
2.2.4 Online Retail Stores
-
2.2.5 Other Distribution Channels
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
2.3.1.4 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 United Kingdom
-
2.3.2.2 Germany
-
2.3.2.3 Italy
-
2.3.2.4 France
-
2.3.2.5 Spain
-
2.3.2.6 Russia
-
2.3.2.7 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 India
-
2.3.3.2 China
-
2.3.3.3 Japan
-
2.3.3.4 Australia
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle East & Africa
-
2.3.5.1 South Africa
-
2.3.5.2 Saudi Arabia
-
2.3.5.3 Rest of Middel East & Africa
-
-
-
Lip Care Products Market Size FAQs
How big is the Lip Care Products Market?
The Lip Care Products Market size is expected to reach USD 4.52 billion in 2024 and grow at a CAGR of 4.90% to reach USD 5.74 billion by 2029.
What is the current Lip Care Products Market size?
In 2024, the Lip Care Products Market size is expected to reach USD 4.52 billion.