The value of
the global lip care market is anticipated to reach USD 4,930 Million by 2032,
growing at a CAGR of 4.6% between 2022 and 2032, from an estimated USD 3,144
Million in 2022.
the lip care industry contributed 6.3% of the total revenue from the skincare
industry in 2021. The demand for lip care
products has increased due to the rising importance of personal
grooming and rising consumer interest in looking presentable in order to make a
has also been significantly boosted by the rising proportion of working women
worldwide and their willingness to spend on lip care products.
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Year Value (2022E)
Year Value (2032F)
Growth Rate (2022-2032)
America Market Value in 2021
America Growth Rate (2022-2032)
Value Share in 2021 (US, China, South Korea): Top 3 Countries
What are the main driving forces behind the
market for lip care?
As a result
of the pandemic, many manufacturers noted a decline in lip care product sales
in the early months of 2020. However, by the first quarter of 2021, demand had
increased as more consumers became interested in personal grooming.
Due to a
shift in consumer preference toward vegan products, there has been an increase
in demand for organic lip care products. Manufacturers seized this chance to
expand their line of organic lip care products in an effort to gain market
share. For instance, a well-known American cosmetic company, Anastasia Beverly
Hills, introduced its first line of vegan-friendly, cruelty-free lip balms in
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Global Lip Care Market by Category
Product Type :
Other Product Types
Price Range :
Economic Price Range
Medium Price Range
Premium Price Range
Packaging Range :
Other Forms of Packaging
Sales Channel :
Offline Sales Channel
Other Sales Channel
Online Sales Channel
Middle East & Africa
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manufacturers in the lip care market are shown in the competitive landscape,
including Kiehl’s, Burt’s Bees, Carmex, Blistex, Forest Essentials, and The
Body Shop. Other notable players in the lip care market include L’Oréal S.A.,
Beiersdorf Aktiengesellschaft, Shiseido Co., Ltd., Avon Products, Inc.,
Unilever PLC, and The Estee Lauder Companies Inc.
concern of consumers about their physical appearance and their awareness about
the benefits of using natural ingredient based products has influenced the key
player in the lip care market to introduce a wide variety of organic lip care
products that address the requirements of the consumers.
Key Companies Profiled
Avon Products, Inc.
Shiseido Co., Ltd.
The Estee Lauder Companies Inc.
The Body Shop