|Lip Care Products Market Trends|
The global market for Lip Care Products is forecast to reach US$2 billion by the year 2020, driven by the growing demand for organic and natural lip care products, increasing awareness about the need to protect lips from overexposure to sun, and rising interest in lip care by men. The growth in the market will receive a boost from the development of faster and longer acting formulas and products that offer exceptional benefits such as deep moisturizing and hydration, optical benefits such as shine and simmer and water resistant colors, among others. Europe represents the largest market worldwide. Future growth in the region will be encouraged by the slow revival of the European economy and easing of the debt crisis’s asphyxiating hold on the EU economy. Rapid growth in population, increased ability to afford discretionary appearance maintenance products, and availability of a wide range of lip care products present a sizeable growth opportunity for global players in developing markets. Asia-Pacific is forecast to emerge as the fastest growing market, driven by China and India. China is already a hub for skin care products and is also a leading producer of cosmetics globally. More...
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Snapshot Summary of Trends & Drivers
- Strong Demand for Medicated & Therapeutic Lip Care Products Drives Market Growth
- Preference for SPF-Based Lip Products Among Youngsters Spurs Market Expansion
- Growing Demand for Multi-Functional Lip Care Products Fuels Growth in the Market
- Demand for Organic & Natural Lip Care Products on the Rise
- Sustainable, Trendy & Easy to Use Packaging Generates Consumer Interest
- Stick-Type Lip Care Products Rise in Popularity in the United States and Asia
- Market Estimates and Forecasts for 2014-2020
- Historic Review 2007-2013
- Geographic Regions Covered – The US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America)
- Product Segments Analyzed – Traditional Lip Care Products, Medicated & Therapeutic Lip Care Products, and Sun Care (Lip Care) Products
- Market Trends & Issues
- Growth Drivers & Enablers
- Growth Inhibitors
- Opportunities and Challenges
- Recent Industry Activity
- Product Innovations & Trends
- Market Analyses, Facts, Figures & Forecasts
- Coverage of Major & Niche Players
- Comprehensive Geographic Coverage
- Extensive Product Coverage
- 116 major and niche players covered
- Avon Products Inc.
- Bayer Corporation
- Carma Laboratories Inc.
- Chattem Inc.
- eos Products LLC
- GlaxoSmithKline PLC
- Revlon Inc.
- Shiseido Company Ltd.
Market Research Report Details
The research report titled “Lip Care Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, opportunities, challenges and issues in addition to current coverage on company information and latest news and events including strategic corporate developments, and product innovations. The report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
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