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Get detailed insights regarding the impact of COVID-19 on the market.
The global lip care products market was valued at US$ 2.3 Billion in 2021.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of lip care products.
The wide availability of diverse product variants in various shades, flavor, texture, etc., represents one of the key factors catalyzing the global lip care products market.
Based on the product type, the global lip care products market has been bifurcated into non-medicated, medicated and therapeutic, and sun protection. Among these, non-medicated lip care products hold the largest market share.
Based on the distribution channel, the global lip care products market can be categorized into supermarkets and hypermarkets, specialty retailers, pharmacies and drug stores, online stores, and others. Currently, supermarkets and hypermarkets represent the largest segment.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global lip care products market include Kao Corporation, Revlon, Inc., Beiersdorf AG, The Clorox Company, Unilever N.V./PLC, Carma Labs, Inc., L'Oréal S.A., Bayer AG, EOS Products, LLC, and Avon Products, Inc.
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