Market Research Report
Europe Lip Care Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||821340|
|Published||Content info||94 Pages
Delivery time: 2-3 business days
|Europe Lip Care Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: April 8, 2019||Content info: 94 Pages||
Europe lip care products market reached a value of US$ 632 Million in 2018. Lip care products form an occlusive layer on the lips which protects them from external exposure. As the skin on the lips is thin, therefore they are often the first to present the signs of dryness. These products relieve and moisturize dry lips, angular cheilitis, stomatitis or cold sores. Lip care products are composed of gel or wax like substance and contain beewax or carnauba wax, camphor, cetyl alcohol, lanolin, paraffin and petroleum, among other ingredients. A few other varieties of lip care products may also contain dyes, flavor, fragrance, phenol, salicylic acid, and sunscreens.
Females generally represent the main consumers of lip care products in Europe, however, catalyzed by a growing trend of personnel grooming among men, the number of male consumers is also continuously increasing. Another trend being witnessed in the market is an increasing demand for sun protection lip care products which provide protection to the lips from the prolonged exposure to the sun, which can otherwise result in wrinkling, premature aging or actinic cheilitis. Various manufacturers are now also investing in product innovations, faster and long-lasting formulas, and adding attractive ranges to increase their consumer base. Germany currently represents the largest market in Europe followed by the United Kingdom. Looking forward, IMARC Group expects the market to grow at a CAGR of around 2.4% during 2019-2024 and reach a value of US$ 733 Million by 2024.