According to a market report by Lucintel, the future of the global lip balm market looks promising with opportunities in the lip balm for women, lip balm for men, lip balm for baby markets. The global lip balm market is expected to grow with a CAGR of 5.9% from 2025 to 2031. The major drivers for this market are the increasing preference for natural lip care, the rising demand for multifunctional beauty products, and the growing awareness of skin protection needs.
A more than 150-page report to understand trends, opportunity and forecast in lip balm market to 2031 by type (solid cream lip balm and liquid gel lip balm), application (lip balm for women, lip balm for men, lip balm for baby, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, solid cream lip balm is expected to witness higher growth over the forecast period.
Within the application category, lip balm for women is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Mentholatum, Maybelline, Nivea, Kiehl, MAC, DHC, SHISEIDO, Lancome, Neutrogena, CHANEL are the major suppliers in the lip balm market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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