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North America Lip Care Products Market Forecasts Promising Growth Amid Rising Demand
North American Lip Care Products Market
Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "North America Lip Care Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The North America lip care products industry has witnessed significant growth, and this upward trajectory is expected to continue through 2028. The market, which stood at US$ 452.2 Million in 2022, is forecasted to expand to a value of US$ 500.4 Million by 2028, with a calculated CAGR of 1.3% from 2023 to 2028, as evaluated in a comprehensive research report now available.
The market's evolution can be attributed to the interplay of an increasing focus on personal grooming and the broad spectrum of product offerings accessible to consumers. Moreover, the trend toward organic lip care solutions is gaining momentum, leading to substantial investment in R&D to create natural and enduring products. This trend, along with the heightened need for sun protection lip care products, expanding population, urban development, shifts in lifestyle, and the growing interest amongst men for lip care regimens, is propelling market growth.
Insightful Market Segmentation: A meticulous examination of market dynamics across different segments is provided in the report, offering granular insights at both regional and country levels for the period of 2023-2028. The lip care products market is segmented into various categories, product types, and distribution channels.
By Category: The non-medicated lip care category retains the dominant share in the market.
By Product Type: Within the product type segment, lip balms lead the market with the majority of the share.
By Distribution Channel: Supermarkets and hypermarkets are the leading distribution channels, holding the predominant market share.
Competitive Landscape: The North America lip care products market hosts a number of key industry players, with major brands like Chapstick, Burt’s Bees, Carmex, Blistex Inc, and eos Products, LLC leading the space.
Key Drivers and Industry Analysis
Through extensive research, key driving factors, market challenges, and competitive analysis have been explored to offer a robust overview of the industry. The insights in the report enlighten stakeholders about the current scenario and future market prospects, addressed under frequently asked questions within the market's context. Moreover, the analysis delves into the structural market dynamics and the competitive intensity within the North America lip care products industry. These foundational analyses provide a roadmap for understanding the degree of competition and the strategies being employed by key players.
The comprehensive report is a pivotal resource for interested stakeholders seeking to understand the North America lip care products market dynamics in-depth. With strategic analysis, trend data, and market forecasts, the document serves as a guide to navigating the evolving lip care product landscape.
Key Attributes:
Report Attribute | Details |
No. of Pages | 121 |
Forecast Period | 2022 - 2028 |
Estimated Market Value (USD) in 2022 | $452.2 Million |
Forecasted Market Value (USD) by 2028 | $500.4 Million |
Compound Annual Growth Rate | 1.7% |
Regions Covered | North America |
Companies Mentioned
Chapstick (Pfizer)
Burt’s Bees Products Company (The Clorox Company)
Carmex (Carma Laboratories Inc.)
Blistex Inc
eos Products LLC
For more information about this report visit https://www.researchandmarkets.com/r/g21voh
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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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