Europe Lip Care Products Market Increasing Demand, Growth Analysis and Outlook 2023
Aug 31, 2023
The Europe lip care products market size reached US$ 727.9 Million in 2022. Looking forward, the market is expected to reach US$ 910.5 Million by 2028, exhibiting a growth rate (CAGR) of 3.72% during 2023-2028, according to the latest report by IMARC Group.
Lip care products are subsets of personal care items that offer hydration to the lips and assist in protecting them against UV radiation, dry wind and cold temperature. They are generally manufactured using beeswax or carnauba wax, lanolin, camphor, paraffin, petrolatum and cetyl alcohol. Besides this, they may also contain flavors, fragrances, phenol, dyes, sunscreen and salicylic acid. Nowadays, prominent vendors in the industry are focusing on launching organic product variants that are free from chemicals, which in turn is augmenting the sales of lip care products in Europe.
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Europe Lip Care Products Market Trends:
For several decades, females have represented the primary user of lip care products in Europe. However, owing to the increasing trend of personal grooming, the number of male users is continuously escalating in the region. Besides this, as prolonged exposure to the sun can lead to premature signs of aging, there is a rise in the demand for sun protection lip care products.
Furthermore, prominent key players in the region are increasing their investments in research and development (R&D) activities to introduce innovative products with long-lasting formulations. Numerous companies are diversifying their product portfolio and adding products, such as lip tints, scrubs, masks, therapies and plumping glosses, to expand their existing market share. In line with this, they are also offering lip care formulas in user-friendly packaging options, such as jars, tubes, sticks and roll-ons, for their convenient application and carriage.
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Insights on Market Segmentation:
Breakup by Category:
Non-medicatedMedicated and TherapeuticSun protection
Market Break up by Product Type:
Lip BalmsLip ButterLip ScrubsLip OilOthers.
Breakup by Distribution Channel:
Hypermarkets and SupermarketsPharmacies and Drug StoresSpeciality StoresOthers
Breakup by Country:
The report has also examined the competitive landscape of the Europe lip care products market and provides the profiles of the key players operating in the market.
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