Europe lip balm market
is projected to boom in the upcoming five years while exhibiting an impressive
CAGR. In the last five years from 2017 to 2021 the market has experienced quite
a growth that was counted in millions of sales, it is anticipated to project
its growth in the forecast period, 2023-2027 on the account of surge in the
demand of the lip balms that are in trend and newly launched.
Digital media and
aggressive advertisements toward the new launches by the major brands and
market giants is driving the growth of the Europe lip balm market in the
forecast years. Moreover, influential ads and promotion by the celebrities and
idols is also influencing the inclination of the consumers toward the product
thereby supporting the growth of the Europe lip balm market in the upcoming
five years. Furthermore, the market experiences the rapid increase in the
consumer base.
Earlier only females were potential consumers of lip balm and
other lip care products. In the recent trends, male consumers being influenced
of the sports personnel, and celebrities, are inclined toward the consumption
of lip care products like lip balm. Also, with the acceptance of makeup for men
and the promotions through various internet platforms, the male consumers have
multiplied rapidly and thereby supporting the impressive growth of the Europe
lip balm market in the next five years.
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.
The Europe lip balm
market segmentation is based on type, packaging, color, flavor, gender, price
range, distribution channel, competitional landscape, and country distributions.
Based on type, the market is further bifurcated into solid cream and liquid
gel. Solid cream lip balms are a form of lip care product that are in a form of
cream (semi-solid). For a very long time, lip balms were only made of wax and
alcohol, but the surge in organic product demands, the manufacturers have
started using organic and plant-based ingredients along with the bee-wax to
manufacture the fine quality solid-cream lip balms.
Some of the products are
also available in the liquid gel formation. These lip balms come with an
applier as the formation is quite flowy. These lip balms often come with
various flavored or tinted additives and sometimes glittery additives that
attracts larger consumer bases.
Holding largest shares
of market revenue, market players like CHANEL, Yuesai, Max Factor, Elizabeth
Arden, Clinique, MARY KAY, Mentholatum, Maybelline, Nivea, Kiehl, MAC, DHC, SHISEIDO,
Lancome, Neutrogena, L’Oreal, NUXE, Revlon, Burt’s Bees, Blistex, Vaseline, EOS,
Carmex, Labello, ChapStick, Lip Smacker, AVON, Lypsyl, CARSLAN, Ainuo, among
others are actively involved with the research and development process of the
lip balms in the region.
Countries like Germany, France, Spain, have dedicated
research labs for the advanced products development and consistent product
modifications. Recent trend of healthy, organic, and herbal personal care
product demands has enticed the market players to explore the area and come up
with advanced products that would satisfy the emerging consumer demands.
Objective
of the Study:
- To
analyze and forecast the market
size of Europe lip balm market from 2017 to 2020.
- To
estimate and forecast the market size of Europe lip balm market from 2021
to 2027 and growth rate until 2027.
- To classify and
forecast Europe lip balm market based on type,
packaging, color, flavor, gender, price range, distribution channel,
competitional landscape, and country distributions.
- To identify dominant region or segment in the Europe lip balm
market.
- To
identify drivers and challenges for Europe lip balm market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Europe lip balm market.
- To identify and analyze the profile
of leading players operating in Europe lip balm market.
- To identify key sustainable strategies adopted by market players in
Europe lip balm market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and service providers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufactures which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufactures, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of Europe Lip Balm market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key
Target Audience:
- Manufacturers, end users, and other stakeholders
- Distributers and suppliers and other stakeholders
- Organizations, forums, and alliances related to lip balms and lip
care products.
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historic
Data
|
2017 –
2020
|
|
Estimated
Year
|
2022
|
|
Forecast
Period
|
2023 – 2027
|
|
Quantitative
Units
|
Revenue in
USD Million and CAGR for 2017-2021 and 2022-2027
|
|
Report
coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
covered | - Type
- Packaging
- Color
- Flavor
- Gender
- Price Range
- Distribution Channel
|
|
Country
scope
|
Germany, United
Kingdom, France, Italy, Spain, Ukraine, Poland, Romania
|
|
Key
companies profiled
|
CHANEL, Yuesai, Max Factor, Elizabeth Arden, Clinique, MARY
KAY, Mentholatum, Maybelline, Nivea, Kiehl, MAC, DHC, SHISEIDO, Lancome,
Neutrogena, L’Oreal, NUXE, Revlon, Burt’s Bees, Blistex, Vaseline, EOS,
Carmex, Labello, ChapStick, Lip Smacker, AVON, Lypsyl, CARSLAN, Ainuo.
|
|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country, &
segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Europe lip balm market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Europe Lip Balm Market, By Type:
- Europe Lip Balm Market, By Packaging:
o Stick
o Tube
o Mini Jar
o Others
§ Egg Ball
§ Unique Shape
- Europe Lip Balm Market, By Color:
o Tinted
o Non-Tinted
- Europe Lip Balm Market, By Flavor:
o Flavored
o Unflavored
- Europe Lip Balm Market, By Gender:
- Europe Lip Balm Market, By Price Range:
- Europe Lip Balm Market, By Distribution Channel:
- Supermarket/ Hypermarkets
- Beauty and Cosmetics Store
- Pharmacies and Drug Stores
- Online
- Others
- Departmental Stores
- Independent Retail Store
- Europe Lip Balm Market, By Country:
- Germany
- United Kingdom
- France
- Italy
- Spain
- Ukraine
- Poland
- Romania
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Europe lip balm market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
Detailed analysis and
profiling of additional market players (up to five).Europe Lip Balm Market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]