Australia Lip Balms Market to Grow with an Impressive CAGR until 2026
Surge
in demand of robotic lip balms in the country is driving the growth of the Australia
lip balms market in the forecast period.
According to TechSci report on, “Australia
Lip
Balms Market By
Type (Solid Cream and Liquid Gel), By Packaging (Stick, Tube, Mini Jar, Others
{Egg Ball, Unique Shape, etc.}), By Color (Tinted and Non-Tinted), By Gender
(Women, Men, and Unisex), By Application (Cosmetic & Medicinal), By
Distribution Channel (Supermarket and Hypermarkets, Beauty and Cosmetics Store,
Pharmacies and Drug Stores, Online, Others {Departmental Stores, Independent
Retail Store, etc.}), By Region, Competition Forecast & Opportunities, 2026”, the
Australia lip balms market is anticipated to show an impressive CAGR growth in
the forecast period, 2022-2026. The market growth is expected on the account of
surge in the demand of the lip care product that is cheaper, healthier, and
organic that contains plant-based or herbal ingredients. Moreover, the
aggressive advertisements by the manufacturers are enticing the consumers to
purchase their product where brand building plays the important role. Also, the
market giants of the Australia lip balms market are coming up with recent
launches and creating uproar among the consumers to purchase the latest product
available in the market. Also, digital media and ads that offer versatile
recommendations from the celebrities, sports personnel, and makeup artists are
influencing the growth of the Australia lip balms market in the upcoming five
years by influencing the consumer preferences.
Although
the presence of herbal lip care products other than lip balms may put a
restrain on the market growth, research and development to acknowledge herbal
and medicated lip balms in supporting the growth of the Australia lip balms
market. If the new market players come up with advanced and well researched
products that can create an uproar in the market, the settling down of the
market would be feasible among the market giants already ruling over the
revenue shares of the market.
Lip balms are a
protective and moisturizing layer applier over the lips for the protection of
lips from drying and chapping. These balms are famously available in the form
of chap-sticks. As the skin on the lips is thin, therefore they are often the
first to present the signs of dryness. These products relieve and moisturize
dry lips, angular cheilitis, stomatitis or cold sores. Lip care products are
composed of gel or wax like substance and contain bee-wax or carnauba wax,
camphor, acetyl alcohol, lanolin, paraffin and petroleum, among other
ingredients. They are beneficial for the dry and chapped lips that require a protective
layer to keep the moisture content in and saves the lips from drying out and
creating flaky textures. Appropriate and concerned use of lip balms helps the
consumer maintain their supple and healthy skin of the lips and keeps them
shiny and glossy too. Some lip balms carry fruity, minty, flavor and some come
with sun-protection and medicinal properties too. The availability of the large
plethora of kind, the consumer inclination toward the product is expected.
Browse over XX market data Figures
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Market"
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The
Australia lip balm market segmentation is based on type, packaging, color,
gender, application, distribution channel, regional distribution, and
competitional landscape. Based on color, the market is further bifurcated into
tinted and non-tinted lip balms. Non-tinted lip balms are
anticipated to hold the larger share of the market as the purpose of the color
or tint is often fulfilled by other lip care products like lipstick, or lip
gloss. Tinted lip balm may register faster growth on the account of young
adults and teenagers preferring it over the chemically infused lipsticks which
are often expensive products over lip balms.
Based on gender, the market is divided between men,
women, and unisex lip balms. The difference often lies in the mildness of the
ingredients. Lip balms specifically designed for the men are often used for
sun-protection, and for consumers who are habitual of smoking. Smoking and
harmful rays of sun, give dry mouth and often leaves the lips scarce of
moisture and chapped. Lip balms designed specifically for women may be
medicated that can help them from healing against the continued use of
chemically infused lipstick or makeup. Chemically infused makeup often contains
toxins and chemicals that are corrosive to the skin, specifically lips. Also,
female smokers have a tendency of darken lips that can be over come by these
lip balms. Unisex lip balms are promoted in the market with specification that
any gender may use it. The propaganda is also to entice the consumers against
gender-barriers. These products are commonly usable for both men and women and
any other gender, equally.
Holding the large revenue shares of the market, a
partial list of the market players in Australia lip balm market includes L'Oréal
Australia, Estée Lauder Corporate Store (M.A.C), Unilever Australia Group Pty
Ltd, Avon Products Pty Limited, Revlon Australia Pty Limited, Beiersdorf Health
Care Australia Pty Ltd, Carma Laboratories, Inc., Burt's Bees Australia, Kao
Australia Pty Ltd., Procter & Gamble Australia Pty Ltd, among others.
Market players are actively involved in the research and development of the lip
balms and finalizing products that are healthier for the skin, has variant for
the different skin type, in advanced on the terms of fulfilling consumer demand
of long lasting, more moisture content, organic, and plant based ingredients,
etc. Other strategic recommendations include partnerships and acquisitions.
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“Lip care is a huge part of personal care. The lip balms market in
Australia is expected to grow on the account of digital media. New market
players may come up with advanced products and an aggressive campaign for the
introduction of the product in the market for enhancing the product sale and
market settlement,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Australia
Lip Balms Market By Type (Solid Cream and Liquid Gel), By Packaging (Stick,
Tube, Mini Jar, Others {Egg Ball, Unique Shape, etc.}), By Color (Tinted and
Non-Tinted), By Gender (Women, Men, and Unisex), By Application (Cosmetic &
Medicinal), By Distribution Channel (Supermarket and Hypermarkets, Beauty and
Cosmetics Store, Pharmacies and Drug Stores, Online, Others {Departmental
Stores, Independent Retail Store, etc.}), By Region, Competition Forecast &
Opportunities, 2026” has
evaluated the future growth potential of Australia lip balms market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the Australia lip balms market.
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