Lip care products market is projected to grow at a CAGR of 6.2% during the forecast period. The major aspect that drives the growth of the market includes the growing demand for natural ingredients-based products. This is pushing the market players to actively conduct R&D for the development of such products to satisfy the shifting interest of consumers. Rising awareness regarding the advantages of using lips and skin protection products is expected to continue driving the demand. Besides, unhealthy lifestyle such as smoking cigarettes damages lips, which leads to different issues such as darkening, chapping, and wrinkles. This is one of the major factors driving the demand for lip care products.

On the other hand, the stringent government regulations are challenging the growth of the market. For instance, the European Government under the Cosmetics Regulation 1223/2009 had banned the usage of carcinogenic, mutagenic, and reprotoxic compounds in personal care products. Additionally, there is no universal standard set specific for lip care products. Thus, market players have to struggle with different regulatory standards of different countries.

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Market Coverage

Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Lip Care Products Market – Segmentation

By Product Type

Lip Balm
Lip Oil /Gels
Lip Butter
Lip Scrub
Lip Masks
Others
By Category Type

Non-Medicated Lip Care Products
Medicated and Therapeutic Lip Care Products
Sun Protection Lip Care
By Distribution Channel

Online Channels
Offline Channels
A full report of Lip Care Products Market available @ https://www.omrglobal.com/industry-reports/lip-care-products-market

Lip Care Products Market – Segmentation by Region

North America

United States
Canada
Europe

UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Latin America
Middle East & Africa
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