The UK lip care products market grew at a CAGR of 2.5% during 2014-2019. Lip care products form a key part of the everyday skin-care regime. They not only help in maintaining the moisture content of the lips but also play a key role in protecting the lips against cold, wind and UV radiation. An increasing emphasis on youthful appearance and personnel grooming represents a key factor driving the market. Moreover, a rising demand for value added lip care products such as natural and sun protection products are also creating a positive impact on the market growth. Other factor driving this market include growth in the e-commerce industry, continuous product innovation by manufacturers, rising penetration of social media, increasing demand for male oriented lip care products, etc. Looking forward, IMARC Group expects the UK lip care products market to continue its moderate growth during the next five years.
IMARC Group’s new report provides a deep insight into the United Kingdom lip care products market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the United Kingdom lip care products market in any manner.
The report has also examined the competitive landscape of the United Kingdom lip care products market.
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