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Lip Care Products Market - Expected to Reach $2 Million by 2022 - Research and Markets

DUBLIN--(BUSINESS WIRE)--The "Lip Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report has been added to Research and Markets' offering.

The global lip care products market reached a value of more than US$ 1.8 Million in 2016.

Growing demand for organic and natural products, along with the expansion of lip care products for men represent the key factors driving the global lip care products market. Rapid population growth, increased disposable incomes and affordability have also resulted in an augmented demand for these products. Moreover, higher awareness about protection of lips from overexposure to the sun has driven the market for sun protection products. Additionally, manufacturers are also focussing on product innovations, development of long-lasting and faster formulas, and attractive ranges for teenagers, leading to a widened consumer base. Owing to the aforementioned factors, the market is expected to reach a value of US$ 2 Million by 2022, exhibiting a CAGR of more than 4% during 2017-2022.

The report has segmented the market on the basis of type including non-medicated lip care product, medicated and therapeutic lip care products, and sun protection lip care products. Amongst these, non-medicated lip care product represents the most popular product type, holding the largest share. The market has also been analysed on the basis of distribution channels and covers supermarkets and hypermarkets, department stores, convenience stores, speciality stores, pharmacies and drug stores, and others. Region-wise, Europe represents the leading market for lip care products, followed by North America. Other major regions include Asia Pacific, Latin America, and Middle East and Africa.

Companies Mentioned

  • Bayer
  • Kao Corporation
  • L'oreal
  • Revlon, Inc.
  • Unilever

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Lip Care Products Market

6 Market Breakup by Product Type

7 Market Breakup by Distribution Channel

8 Market Breakup by Region

9 Lip Care Products Manufacturing Process

10 Competitive Landscape

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This project has received funding from the European Union Seventh Framework Programme (FP7/2007-2013) under grant agreement n [310187].