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Global Lip Care market report by Goldstein Research

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According to Goldstein Research, the rising inclination of consumers towards beauty and wellness as per the fashion trends and growing awareness through social media platforms has significantly augmented the growth of lip care products across the globe.

Global lip care market segmentation includes product type, product form, and distribution channel. Moreover, to cater to the demand of organic lip care products, continuous technological advancement is seen, but its success predominantly depends on the availability and production of raw materials and products which are certified as organic.

According to our Goldstein Research analysts lip care market is projected to register a CAGR of 6.5% during the forecast period i.e. 2016-2024. Global Lip care Market is majorly growing in developed nations and North America has the largest market share of 18.1% in 2016 due to the presence of top manufacturers of lip care products and demand from customers in order to protect lips from rising pollution levels. 

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Market Segmentation

On the basis of our in-depth analysis, global lip care Market can be segmented as follows:

By Product Type

  • Therapeutic/Medicated
  • Sun Protection
  • Lip mask
  • Non-Medicated (lip balms, Lip gloss)

By Product Form

  • Liquid/gel
  • Cream

By Distribution Channel

  • Online
  • Offline

Based on Geography

  • North America (U.S. & Canada) lightweight material market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) lightweight material market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden &RoE) lightweight material market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) lightweight material market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) lightweight material market {Market Share (%), Market Size (USD Billion)}

“Global Lip care Market Outlook 2024” contains a detailed overview of the global lip care market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, product form and by distribution channel.

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Further, for the in-depth analysis, Global Lip Care Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Kao Corporation, L’Oreal, Bayer Corporation, Burt’s Bees, Markwins Beauty Products, Carma Laboratories, EOS, Beiersdorf AG, Chanel, CLOROX, Blistex Inc., Revlon, Unilever, Chattem and Avon Products.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report denotes the global lip care market past and present trends along with market projections that will assist industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market-centric approaches according to the ongoing and expected trends in the future.

Key queries countered in this global lip care market report

  • What is the global lip care market size by 2024 and what would be the expected growth rate of sales?
  • What are the lip care market trends?
  • What are the dynamics which are driving this market?
  • What are the major barriers to lip care market growth?
  • Who are the prominent vendors in this market space?
  • What are the market prospects for the current and entry level players?
  • What are the latest improvements and market strategies of the key players?

Skincare Products Market 

The skin care products are used for different skin related concerns, skin beautification and treatments. Skin care products market size is set to reach USD 189.82 billion by 2024, growing at a CAGR of 5.90% over the forecast period.

Skincare products requests have increased by 69.0% from 2016 to 2024.

Sun protection product market

Rising awareness among consumers towards the importance of sun protection products and introduction of new skin protection products with more effective formulation are the key factors driving the growth of global sun protection products market.  Sun protection products expected to expand at a compound annual growth rate of 6.8% over the forecast period owing to rising demand for multifunctional skin care products.

The global sun protection products market grew by 2.5% and reached USD 8.3 billion in 2015 and further the market is expected to reach USD 14.1 billion by 2024.

UAE Personal Care Products Market

The UAE showcase solid growth rate globally, overall personal care products industry growth is promising related to historic period. UAE personal care products market to expand at a CAGR of 5.3% during the forecast period 2017-2025.

Moreover, the market is projected to reach USD 4.8 Billion by 2025 owing to surging demand for Organic and natural personal care products.

Global Cosmeceuticals Market

Growing popularity of animal friendly products is likely to contribute in the cosmeceuticals market growth during the analysis period. Global cosmeceuticals market size valued USD 43.57 billion in 2016 and is estimated to reach USD 78.29 billion by 2024 growing at a CAGR of 7.60% during the period 2016-2024.

Beauty Supplements Market

Beauty supplements are used to enhance and improve any kind of nutrient deficiency in human body, in form of pills, capsules, powdered or liquid form. Global beauty supplements market accounted for USD 3.5 Billion in 2016 and the market is expected to reach USD 6.8 Billion by the end of 2024.

Further, the market is anticipated to expand at a compound annual growth rate of 8.6% over the forecast period i.e. 2016-2024.

Global Cosmetics Industry

The cosmetics industry is one of those industries which faces the least impact from the economic ups & downs. The perks of e-commerce has not only benefitted the companies but also the consumers in terms of pricing & vast range of options available to them.

Moreover, new customers have also been attracted through the online distribution route. Global cosmetics market size is anticipated that by 2025 the market will be valued at nearly at USD 640.0 billion, expected to be growing at a CAGR of 3.90% during the forecast period.

Global Dead Sea Mud Cosmetic Market

The mud and salts extracted from the Dead Sea, the world’s saltiest water body, are extremely beneficial for the skin and hair. Dead Sea mud is rich in minerals like magnesium, Calcium and Potassium, among others.

Global Dead Sea mud cosmetics market was valued at USD 1.2 Billion in 2015, and is expected to reach USD 3.2 Billion by the end of 2024. Furthermore, the market is expected to expand at a CAGR of 14.2 % during the forecast period i.e.

2016-2024.

Halal Cosmetics Market

The halal cosmetics do not contain any kind of alcohol, petrochemicals, fatty acids and ingredients that are obtained from the animals like pig. The basic motive behind these products is to provide clean, pure and the products which do not contain any kind of ingredient which is not acceptable by the Islam.

Halal cosmetics market accounted for USD 12.6 Billion in 2015 and the market is expected to reach USD 21.4 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 6.8% over the forecast period i.e.

2016-2024.

UAE Cosmetics Market

Consumers in UAE are highly attracted towards the premium cosmetic products and the growth is also majorly driven by the foreign tourists in the country. Moreover, UAE’s premium cosmetic products market share is anticipated to increase from 48% in 2017 to 50% by 2020.

UAE cosmetics market to expand at a CAGR of 5.3% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 4.1 Billion by 2025.

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