Description

Lip Care Products Market Size at USD 2.1 Billion in 2020 and poised to touch USD 3.10 Billion by 2027 growing at a CAGR of 5.7% during 2021 to 2027. Lip care products are used to protect the lips from chapping, dryness, cold sores, sun. Moreover, these can be used for medical conditions like stomatitis and angular cheilitis. Lip care products are prepared by using oil bases such as beeswax, petroleum, coconut oil, carnauba wax, paraffin, and others. Lip Care Products Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Mn) of Category, Type, Usage, Application, Distribution channel and geographic regions. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply of global market. In August 2017, renowned lip care products brand eos launched Crystal, first wax free lip balm with nourishing oils for weightless hydration.

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