The global lip care products market reached US$ 1.94 Billion in 2018. The market is further projected to reach a value of US$ 2.51 Billion by 2024, exhibiting a CAGR of 3.7% during 2019-2024. As per the analysis by IMARC Group, the lip products manufacturers are trying to infuse inventive ingredients, such as therapeutic, organic, natural and vegan ingredients like nourishing oils, fruit extracts and, enzymes to make their lip care products more nourishing, gentle and hypoallergenic. Apart from the manufacturers collaborating with celebrities to promote their products, several celebrities are also launching their own cosmetic product ranges. Apart from female users, significant interests from male customers are also creating a positive impact on the growth of the market.
Headquarter: London, United Kingdom
Avon is a manufacturer of beauty and skincare products, currently operating in 56 countries and having distribution network in 70 countries across the world. The company employed 23,000 employees worldwide and generated a total revenue of US$ 5.5 Billion in 2018. The company deals in three categories of products, which include beauty, fashion and home. These products are majorly sold through direct-selling channels to the end-users.
Headquarter: Leverkusen, Germany
Bayer is a life science company which produces and markets healthcare and agricultural products with an annual revenue of approximately US$ 44 Billion. The product portfolios include pharmaceuticals, consumer health, crop science and animal health. The Bayer group is currently operating in 90 countries with total number of 420 consolidated companies comprising of more than 116,000 employees globally.
Headquarter: Hamburg, Germany
Beiersdorf AG is a skincare company with an annual revenue of approximately US$ 8 Billion in 2018. The company comprises of two business segments: skin and beauty care products, and Tesa which includes self-adhesive products. The company has over 150 affiliates worldwide which are available in more than 200 countries.
Headquarter: Wisconsin, United States
Based in the US, the Carma Laboratories is the manufacturer of Carmex lip balm products in the range of flavoured lip balms, comfort-enriched, natural formulas, non-medicated lip care products, and Carmex Cold Sore Treatment. The Carmex brand is sold in 36 countries across the globe and has employed 160 employees.
Headquarter: California, United States
Clorox manufactures and markets consumer and professional products under four segments: cleaning, household, lifestyle and international. The annual revenue for the year 2018 was US$ 6.1 Billion with approximately 8,700 employees worldwide. Clorox has its operations in 25 countries and products are sold across 100 countries in the world.
Headquarter: New York City, United States
EOS or Evolution of smooth is a US-based beauty and skincare company who manufacturers lip care and body care products. The brand specializes in products that are hypoallergenic and gluten-free. It has rolled out its products in 18 countries and has a total employee size of about 125.
Headquarter: Tokyo, Japan
Kao Corporation is a manufacturer and seller of consumer beauty and hygiene, and chemical products. The company has an annual revenue of US$ 13 Billion with the company size of more than 33,000 employees worldwide. Under consumer products segment, the company works through four fields of businesses: cosmetics, skin care and hair care, human health care, fabric and home care. In chemical products segment, it produces and sells a wide range of products for the development of several industries. The company operates in more than 70 countries across the world.
Headquarter: Clichy, France
Loreal is a cosmetics manufacturer with an annual revenue of approximately US$ 29.9 Billion in the year of 2018. It comprises of a total number of 36 brands under four brand divisions: Loreal Luxe, Consumer product division, Professional products division and Active cosmetics division. Loreal had 505 patents registered in 2018 and it has its existence in 150 countries with 36,000 employees working worldwide.
Headquarter: New York, United States
Revlon is a manufacturer and seller of beauty and personal care products. The annual revenue of the company in 2018 was more than US$ 25 Billion with a company size of approximately 7,600 employees. Revlon has four principal brands, namely, Revlon, Elizabeth Arden, Portfolio and Fragrances. The company operates in 25 countries outside the United States and the products are sold all over the world.
Headquarter: London, United Kingdom
Unilever is a multinational corporation which engages in the production and marketing of consumer goods across four segments which include personal care, foods, refreshment and home care. The group had an annual revenue of approximately US$ 50 Billion in 2018. The company owns a range of 400 household brands in over 190 countries worldwide and a total employee size of 155,000.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the lip care products industry, which has enabled clients to set up and expand their businesses successfully.