DUBLIN--(BUSINESS WIRE)--The "Lip Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global lip care products market reached a value of US$1.9 billion in 2017. Owing to the below factors, the market is expected to reach a value of US$2.3 billion by 2023, exhibiting a CAGR of 3.6% during 2018-2023.
The growing demand for organic and natural products, along with the expansion of lip care products for men, represent the key factors driving the global lip care products market. Rapid population growth, increased disposable incomes and affordability have also resulted in an augmented demand for these products. Moreover, higher awareness about protection of lips from overexposure to the sun has driven the market for sun protection products. Additionally, manufacturers are also focussing on product innovation, the development of long-lasting and faster formulas, and attractive ranges for teenagers, leading to a widened consumer base.
The report has segmented the market on the basis of type, including non-medicated lip care product, medicated and therapeutic lip care products, and sun protection lip care products. Amongst these, non-medicated lip care product represents the most popular product type, holding the largest share.
The market has also been analysed on the basis of distribution channels and covers supermarkets and hypermarkets, department stores, convenience stores, speciality stores, pharmacies and drug stores, and others.
Region-wise, Europe represents the leading market for lip care products, followed by North America. Other major regions include the Asia Pacific, Latin America, and the Middle East and Africa.
- Revlon, Inc.
- Kao Corporation
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Lip Care Products Market
6 Market Breakup by Product Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Region
9 Lip Care Products Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/qnfcq4/global_lip_care?w=4