iCrowd Newswire
08 Nov 2019, 07:09 GMT+10
Global Lip Balm Market 2019
Wiseguyreports.Com Adds "Lip Balm – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2025" To Its Research Database.
Report Overview:
The global lip balm market is slated to acquire a market valuation at a steady CAGR over the forecast period. Several driving factors are likely to have a significant impact on market growth.
Drivers, Trends, and Challenges:
The global lip balm market is primarily driven by the increasing consumer demand for cosmetic products, including lip care products, which is likely to continue to surge over the review period. The need for lip balms is also expected to fuel owing to the increasing awareness regarding lip protection from dryness caused by pollution, and cold weather, among others. The shifting consumer preferences from petroleum and wax-based lip care products towards lip care products based on organic ingredients is also expected to create potential growth opportunities for market players. Market players are focusing on introducing innovative products, for instance, colored lip balm, in the market to increase the demand and maintain their market standing. Moreover, the growing inclination of the younger populace towards cosmetics and personal care products is expected to contribute substantially towards the revenue generation of the global lip balm market over the review period.
On the other hand, the usage of chemicals that may be harmful, such as cadmium chromium, lead, petroleum, among others to manufacture cosmetic and lip care products, is likely to hamper the growth of the lip balm market over the forecast period.
Major Players in Lip Balm market are:
Vaseline
ChapStick
Yue sai
CARSLAN
EOS
Labello
MARY KAY
Lip care by Nivea
Revlon
L'Oreal
Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/1919579-global-lip-balm-industry-market-research-report
If you have any special requirements, please let us know and we will offer you the report as you want.
Regional Analysis:
Geographically, the North American region is considered as the largest region of the global lip balm market in terms of value. It is estimated to acquire the leading market share over the review period. This is attributed to the established cosmetics industry in the region, especially in developed nations such as the U.S. and Canada. The presence of major market players and the steep competitive scenario in the industry is driving market players to invest in research and development activities to launch new products and towards innovative marketing strategies. These factors are likely to fuel the growth of the North American lip balm market over the forecast period.
Europe is the second-largest regional market in the global lip balm market and is estimated to acquire a momentous market share over the review period. Europe is one of the largest regional markets for cosmetics and has a steady demand for lip balms. The continually advancing market is driven by the presence of key market players in countries such as Italy, France, Germany, and the UK.
The Asia Pacific region is assessed as one of the significant regions in the global lip balm market and is expected to expand at a substantial growth rate over the review period. The increasing awareness regarding the availability of personal care products is driving the demand for lip palms in the region. The changing economic dynamics in developing countries such as India, China, South Korea, and Japan, has increased product penetration in the region. Asian countries have a vast youth populace which is contributing towards the demand in the lip balm market over the review period.
Continued…..
Access Complete Report Details @ https://www.wiseguyreports.com/reports/1919579-global-lip-balm-industry-market-research-report
Contact Information:
Contact Us:
Norah Trent
Partner Relations & Marketing Manager
Ph: +1-646-845-9349 (Us)
Ph: +44 208 133 9349 (Uk)
Get a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationSAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
Hyderabad (Telangana) [India], June 29 (ANI): Olympic Games Tokyo 2020 medalist Lovlina Borgohain eased past Punjab's Krisha Verma...
Hyderabad (Telangana) [India], June 29 (ANI): Former youth world champion Ankushita Boro showcased her class on Day 2 of the Elite...
Panaji (Goa) [India], June 29 (ANI): The 'Raj Bhavan Annadhan' scheme was officially launched on Sunday at Old Durbar Hall, Raj Bhavan,...
CAIRO, June 28 (Xinhua) -- Sixteen years back, what is now the China-Egypt TEDA Suez Economic and Trade Cooperation Zone was nothing...
LHASA, June 28 (Xinhua) -- International business leaders gathered at a forum in southwest China's Xizang Autonomous Region this week,...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Mumbai (Maharashtra) [India], July 1 (ANI): Filmmaker Ashoke Pandit condemned the support of Nasseruddin Shah for Diljit Dosanjh amid...
New Delhi [India], June 30 (ANI): President Droupadi Murmu on Monday expressed grief over the fire accident at Sigachi Pharma chemical...
Yury Dud has repeatedly failed to identify as a foreign agent in his content, authorities have said Russian authorities have launched...
New Delhi [India], June 30 (ANI): The Delhi Metro Rail Corporation (DMRC) on Monday appealed to commuters to refrain from making social...