Lip Balm Market Size is Estimated to Surpass USD 784.2 Billion by 2030

Anujkharde Anujkharde 27 October 2022 Follow

The global Lip Balm Market size was USD 784.2 Million in 2021 and is expected to register a revenue CAGR of 6.3% over the forecast period, according to a latest report by Reports and Data. Increasing awareness about healthcare and shifting consumer preference toward natural healthcare products are key factors expected to continue to drive revenue growth of the market to some extent.

The product's demand is expected to increase owing to rising lip-related problems such as chapping, darkening, wrinkles, and dividing caused by dehydration, allergies, nutritional, and vitamin deficiency, sun damage, and other factors. Thus, growing awareness about lip protection is driving demand for lip balms, which is driving revenue growth of the market.


Females are becoming interested in lip balm due to a growing trend in female grooming and males still use lip balm products more frequently. Actinic cheilitis, wrinkles, and faster lip aging can all result from prolonged, unprotected exposure to sunshine. This has raised consumer demand for a lip balm that offers sun protection. A larger consumer base has resulted from these manufacturers' increased emphasis on product innovation, the development of long-term and faster formulae, and appealing product lines for teenagers.

It is a poor habit to smoke cigarettes since it harms the lips and leads to particular problems such as wrinkling, chapping, and discoloration. This is just one of many important factors influencing the market for lip balm. Manufacturers of lip balm make investments in R&D to provide innovative products that can adapt to changing consumer demands, which is expected to drive revenue growth of the market.



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Global Lip Balm Market Synopsis:

Revenue of the global consumer goods industry is expected to grow at a significant rate over the forecast period owing to various factors. Surge in global population, fast-paced globalization, rising demand for consumer goods, and increasing adoption of advanced technologies such as the IoT (Internet of Things), robotics, and 3D printing by manufacturers are among the key factors prompting industry revenue growth. Significantly changing consumer tastes and preferences, introduction of eco-friendly and sustainable product packaging solutions, growing demand for organic food products and ingredients, and increasing investments in FMCG logistics infrastructure development are other major factors accounting for the revenue growth of the consumer goods industry.  

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Top Companies Profiled in the Report:


  • Kao Corporation,
  • Revlon, Inc.,
  • Beiersdorf AG,
  • The Clorox Company,
  • Unilever plc,
  • Carma Labs Inc.,
  • Avon Products, Inc.,
  • eos Products,
  • LLC,
  • Himalaya Global Holdings Ltd.,
  • L'Oréal S.A.

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Frequently Asked Questions (FAQs) Answered in the Report:


  • What is the projected revenue growth rate of the global Lip Balm market?
  • What are the major factors driving the growth of the global Lip Balm market?
  • What are the imminent risks and challenges expected to restrain market growth in the coming years?
  • What are the latest trends observed in the global Lip Balm market?
  • What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the Lip Balm market report?


Market Segmentation:


By Type Outlook


  • Flavored
  • CBD or Hemp Oil
  • SPF
  • Tinted
  • Plumping
  • Organic
  • Medicated


By Product Outlook


  • Cream Lip Balm
  • Gel Lip Balm



By Distribution Channel Outlook


  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Drug stores
  • Online Stores
  • Others


By Price Range Outlook

  • Premium
  • Medium
  • Low


By Application Outlook

  • Dry Skin
  • Sensitive Skin
  • Others


By End-Use Outlook

  • Men
  • Women
  • Baby




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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.


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