Global Lip Care Products Market Size & Outlook
Global lip care products market, 2016-2028 (US$M)
Related Markets
Global lip care products market highlights
- The global lip care products market generated a revenue of USD 2,085.5 million in 2021 and is expected to reach USD 3,124.5 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 5.9% by 2028.
- In terms of segment, hypermarkets & supermarkets accounted for a revenue of USD 1,064.2 million in 2021.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 2,085.5 million |
| Market revenue in 2028 | USD 3,124.5 million |
| Growth rate | 5.9% (CAGR from 2021 to 2028) |
| Largest segment | Hypermarkets & supermarkets |
| Fastest growing segment | Online |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hypermarkets & Supermarkets, Pharmacy & Drug Stores, Specialty Stores, Online |
Other key industry trends
- In terms of revenue, the North America accounted for 25.1% of the global lip care products market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, Germany is the fastest growing regional market and is projected to reach USD 118.8 million by 2028.
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Lip Care Products Market Scope
Lip Care Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global lip care products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lip care products market will help companies and investors design strategic landscapes.
hypermarkets & supermarkets was the largest segment with a revenue share of 51.03% in 2021. Horizon Databook has segmented the Global lip care products market based on hypermarkets & supermarkets, pharmacy & drug stores, specialty stores, online covering the revenue growth of each sub-segment from 2016 to 2028.
- Global Lip Care Products Distribution Channel Outlook (Revenue, USD Million, 2016-2028)
- Hypermarkets & Supermarkets
- Pharmacy & Drug Stores
- Specialty Stores
- Online
- Others
- Global Lip Care Products Product Outlook (Revenue, USD Million, 2016-2028)
- Lip Balm
- Lip Scrub
- Others
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global lip care products market databook
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Our clientele includes a mix of lip care products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global lip care products market , including forecasts for subscribers. This global databook contains high-level insights into Global lip care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Global lip care products market statistics, by region, 2016-2028 (US$M)
Top 10 countries: Lip care products market size, 2021 (USD Million)
Top 10 countries: Lip care products market size, 2021 (USD Million)
Global lip care products market, by region, 2021 (US$M)
Related regional statistics
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