Lip balm and Lip Scrub Market Size, Share, Growth, Forecast 2032

Lip balm and Lip Scrub Market Insights

According to Zion Market Research, the global Lip balm and Lip Scrub Market was worth USD 2.43 Billion in 2023. The market is forecast to reach USD 4.63 Billion by 2032, growing at a compound annual growth rate (CAGR) of 7.42% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Lip balm and Lip Scrub industry over the next decade.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The Lip balm and Lip Scrub market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the Lip balm and Lip Scrub industry report explores the investor and stakeholder space to help companies make data-driven decisions.

Lip balm and Lip Scrub Market: Industry Perspective

This professional and specialized report study examines the technical and business perspective of the lip balm and lip scrub industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the lip balm and lip scrub market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall lip balm and lip scrub market. The historical insights are provided from 2018 to 2022 and projected trends are provided from 2024 to 2032. The quantitative data is provided in terms of both volume (Million Units) and value (USD Million) for 2024 – 2032. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

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Key Insights from Primary Research

• According to interview with industry participants, majority of the lip balm and lip scrub market share has been gained by GCC countries in the Middle East region
• High tourism in Dubai is an important factor strengthening UAE lip balm and lip scrub market
• As per our primary respondents, few of the major brands operating in the Middle East region are L’Oreal, Nivea, SHISEIDO, MAC, etc.
• Retail channel accounts for major share in the market than e-Commerce channel. However, e-Commerce channel is projected to grow at a significant rate over the forecast period
• Demand for natural and organic products are trending the Middle East lip balm and lip scrub market

Key Recommendations from Analysts

• As per our analyst, top five lip balm and lip scrub market players accounts for more than 2/3rd market share in the Middle East region
• UAE accounts for dominant market share coupled with high growth rate over the forecast period
• Among sales channel segment, the distributor segment accounts for leading market share, owing to high demand for the report in retail segment than the business to business segment
• Lip balm accounts for more than 90% share in the market, attributed to high popularity and prevalence of the product among the population across the region
• One of the major factor effecting the positive market growth in the region is reasonable price of the product along with population.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the lip balm and lip scrub market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the lip balm and lip scrub market. It also encompasses PESTLE analysis and SWOT analysis.

Lip balm and Lip Scrub Market: Report Scope

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the lip balm and lip scrub market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the lip balm and lip scrub market.

The research study provides a critical assessment of the lip balm and lip scrub industry by logically segmenting the market on the basis of type, application, and region. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2024 to 2032.

By product analysis includes solid cream lip balm and liquid gel lip balm.

By application segment analysis includes women, men and kids.

By channel sales analysis includes direct sales and distributor.

The regional segmentation of the lip balm and lip scrub industry includes the holistic bifurcation of all the five major continents including UAE, Rest of GCC Countries, and Rest of Middle East.

Increasing consumer demand for lip care products and rising awareness about the health concern are few of the important factors affecting the Middle East lip balm and lip scrub market. Moreover, a growing population coupled with increasing per capita income is anticipated to strengthen the growth of the market in the forecast period. Nevertheless, high usage of chemicals in lip balm and lip care products can be harmful, which is a major hindrance to market growth. Therefore, the demand for organic and plant based lip balm and lip scrub is increasing at a rapid rate in the current market environment.

Key players operating in the lip balm and lip scrub industry are

• Mentholatum
• Maybelline
• Nivea
• Kiehl
• MAC
• DHC
• SHISEIDO
• Lancome
• Neutrogena
• CHANEL
• CARSLAN
• Max Factor
• Elizabeth Arden
• Clinique
• MARY KAY
• L’Oreal, NUXE
• Revlon
• Burt’s Bees
• Blistex
• Vaseline
• EOS
• Carmex
• Labello
• ChapStick
• Lypsyl, and others.

This report segments the Middle East Lip balm and Lip Scrub market as follows:

Middle East Lip Balm and Lip Scrub Market: By Product Analysis

• Solid Cream Lip Balm
• Liquid Gel Lip Balm

Middle East Lip Balm and Lip Scrub Market: By Application Analysis

• Women
• Men
• Kids

Middle East Lip Balm and Lip Scrub Market: By Channel Sales Analysis

• Direct Sales
• Distributor

Middle East Lip Balm and Lip Scrub Market: By Region

• UAE
• Rest of GCC Countries
• Rest of the Middle East

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprises a dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)