European Lip Care Products Market Growth

Aarkstore Enterprise

European Lip Care Products Market Growth

Europe lip care products market reached a value of US$ 632 Million in 2018. Lip care products form an occlusive layer on the lips which protects them from external exposure. 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 beewax or carnauba wax, camphor, cetyl alcohol, lanolin, paraffin and petroleum, among other ingredients. A few other varieties of lip care products may also contain dyes, flavor, fragrance, phenol, salicylic acid, and sunscreens.

Females generally represent the main consumers of lip care products in Europe, however, catalyzed by a growing trend of personnel grooming among men, the number of male consumers is also continuously increasing. Another trend being witnessed in the market is an increasing demand for sun protection lip care products which provide protection to the lips from the prolonged exposure to the sun, which can otherwise result in wrinkling, premature aging or actinic cheilitis. Various manufacturers are now also investing in product innovations, faster and long-lasting formulas, and adding attractive ranges to increase their consumer base. Germany currently represents the largest market in Europe followed by the United Kingdom. Looking forward,They expects the market to grow at a CAGR of around 2.4% during 2019-2024 and reach a value of US$ 733 Million by 2024.

Report Coverage:
Historical, Current and Future Market Trends
Breakup by Category
Non-medicated
Medicated and Therapeutic
Sun protection

Market Break up by Product Type
Lip Balms
Lip Butter
Lip Scrubs
Lip Oil
Others.

Breakup by Distribution Channel
Hypermarkets and Supermarkets
Pharmacies and Drug Stores
Speciality Stores
Others

Breakup by Country
Germany
United Kingdom
France
Italy
Spain
Russia

Competitive Landscape:

The report has also examined the competitive landscape of the Europe lip care products market and provides the profiles of the key players operating in the market.

Category: Business Services Market Research

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