Global Lip Care Products Market Size & Outlook, 2021-2028
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.
Partial client list
Global lip care products market size, by region, 2016-2028 (US$M)
Top 10 countries: Lip care products market size, 2021 (US$M)
Global lip care products market share, by distribution channel, 2021 & 2028 (%, US$M)
Lip care products market: Opportunity assessment by country
Global lip care products market, by region, 2021 (US$M)
Related regional statistics
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