PUBLISHER: QYResearch | PRODUCT CODE: 1873533
PUBLISHER: QYResearch | PRODUCT CODE: 1873533
The global market for Lip Balm was estimated to be worth US$ 941 million in 2024 and is forecast to a readjusted size of US$ 1398 million by 2031 with a CAGR of 5.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Lip Balm cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Lip balm is a substance put on the lips to give relief to dry or chapped. It may also be used to help soothe certain other situations, such as cold sores. The balm may be made with any number of ingredients, but usually includes something like petroleum jelly or beeswax, as well as scented oils, and sometimes medicinal herbs or medicinal compounds. It can also have things like vitamins and minerals included, in theory to help support the health of the lips, and many types include sunscreen to help prevent sun damage to the sensitive skin on the lips. Lip balm can be applied where a finger is used to apply it to the lips, or in a lipstick-style tube from which it can be applied directly.
The lip balm market is a dynamic segment within the broader personal care and cosmetics industry, driven by increasing consumer awareness of skincare and the desire for multifunctional beauty products. Lip balms, once used primarily for hydration and protection against harsh weather, have evolved to include a wide range of features such as SPF protection, tinted color, natural or organic ingredients, and even therapeutic benefits. This diversification has allowed brands to cater to a broader demographic, including both men and women, as well as younger consumers attracted by trend-driven packaging and flavors.
Innovation plays a key role in maintaining competitiveness in the lip balm market, with companies regularly launching new formulations and formats such as sticks, pots, tubes, and roll-ons. Additionally, the rise of e-commerce and social media influence has significantly impacted purchasing behaviors, allowing both established and indie brands to gain visibility and build loyal customer bases. Sustainability and ethical sourcing are also growing priorities, with many consumers favoring cruelty-free, vegan, and environmentally conscious products. As a result, the market remains highly competitive and ripe for continued growth and innovation.
This report aims to provide a comprehensive presentation of the global market for Lip Balm, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Lip Balm by region & country, by Type, and by Application.
The Lip Balm market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lip Balm.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Lip Balm manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Lip Balm in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Lip Balm in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.