Los Angeles, CA -- (SBWIRE) -- 08/01/2019 -- The cosmetics industry has recorded a significant transformation in the past few years. Increasing urban population and rising grooming standards are creating a positive impact on the sector. A presentable appearance is a part of personality development. People with charming personality always create a positive impression. The rising living standards with a growing working population leads manufacturers to launch innovative cosmetics products, Lip Care is no exception. Lip Care products are immensely popular around the world because of the properties like sun protection, moisture retention, protection against dust and nourishment. A large number of innovative lip care products have been launched worldwide with an aesthetic appeal that seeks the attention of consumers. Moreover, lip care products are widely accepted not only by women but also by men.
Recently, one of the market participants has launched a new range of natural and organic stick lip balm. This lip balm is approved by famous American model and actress Emily Ratajkowski. Reportedly, this lip balm is a trending product in the skin care segment on e-commerce sites. Newly launched Stick lip balm is free from petrolatum, gluten, and paraben, instead, it contains natural ingredients like tea tree oil, jojoba oil, Shea butter, and vitamin E.
Key Takeaways
? Lip balm segment is expected to capture a significant share in the global Lip Care market
? Asia Pacific region is likely to hold a large amount of market share in the global Lip Care market owing to growing urbanization and an increase in the disposable income
? Celebrity endorsement, promotional strategies by market players, and rising social media awareness are fuelling the growth of global Lip Care market
? Increasing awareness about personal grooming to trigger the demand for Lip Care products
Get PDF template of this report: https://www.qyrconsulting.com/request-sample/7332
Segmental Analysis
By Region
The Asia Pacific is likely to grab a significant market share in the worldwide Lip Care market. The growing urban population in developing economies like India and China is one of the significant factors, contributing to the market growth in the Asia Pacific region. Apart from this, Europe and North America are also witnessing a lucrative market growth in the past few years and are expected to lead the market in the years to come.
By Type
? Lip Balm
? Lip Butter
? Lip Conditioner
? Lip Scrub
? Others
By Application
? Modern Trade
? Convenience Store
? Drug Store
? Online Stores
? Others
By type, the lip balm segment is likely to dominate the global Lip Care market followed by Others segment. Lip balms are less expensive as compared to other Lip Care products. Additionally, lip balms are highly popular among women and youth. Therefore lip balm segment is expected to grab the largest market share throughout the projected period. By application, Modern Trade segment to obtain a large part of market share followed by a convenience store.
Key Players
The major market participant functioning in the market are Avon Products, L'Oréal S.A., Beiersdorf Aktiengesellschaft, Inc., Shiseido Co., Ltd., The Procter & Gamble Company, Kao Corporation, Johnson & Johnson Services, Inc., Subaru Corporation, Unilever PLC, Kiehl's, and The Estee Lauder Companies Inc.
View Full Information: https://www.qyrconsulting.com/reports/lip-care-market
About Us:
QYR Consulting established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.