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Ph Based Lip Balm Market - By Product (Tinted Lip Balm and Non-Tinted), By Form (Balm, Gel, Stick, Cream, Pencil and Others), By Ingredients, By End-user, By Price Range, By Finish Type, By Distribution Channel & Forecast 2024 – 2032
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Ph Based Lip Balm Market
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 49
Countries covered: 23
Pages: 135
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Ph based lip balm market Size
The global Ph based lip balm market size was valued at USD 128.7 million in 2023 and is anticipated to register a CAGR of 5.7% between 2024 and 2032. The reason for this rise is because of the expanding understanding of the significance organic and natural products such as lip balms that help maintain the natural pH exert as a skin moisturizer and barrier against the harmful microorganisms and environmental pollutants.
People are becoming more aware of the significant role pH plays with respect to skin especially the lips because it acts as a shield against harmful bacteria and environmental toxins while retaining moisture. Prolonged sun exposure leads to pH imbalance on the skin of the lips which results to dryness, inflammatory reaction and other skin issues. pH Lip balms were developed to enhance the defensive and restorative abilities of the lips, resulting in an overall healthier and more resilient skin. These products provide more than just hydration, which makes them appealing to those seeking targeted solutions that work in harmony with the body’s systems. Hence, pH lip balms are preferred by customers.
Moreover, due to the increasing knowledge of the adverse impacts of synthetic chemicals within many organic and natural products, there is a notable market shift. As a result, there is an increasing demand for lip balms which are free from artificial additives, preservatives, and chemicals. It is important to note that manufacturers are continuously trying to meet the market demand by adding more natural components in their products. As an example, new lip balms made from Ethique, Inc.'s plant-derived ingredients were launched in the United States by the company in June of 2021. The product has a plastic-free tube and is fully compostable at home.
It is possible to note that revenue comes from selling general lip balms, however lip market is mostly focused on pH based lip balms. Additionally, marketing these products can also prove to be very difficult as established companies have already built themselves a solid base. Therefore, smaller brands and newer entrants face a tough battle while trying to gain a foothold in the market.
Ph Based Lip Balm Market Trends
The emerging technologies in the Formulation of pH lip balms cosmetics sector has grown due to the marketing that has changed so much that skin care is more personalized and affordable – enhancing brand loyalty. This innovation development contributes to more effective lip balm moisture retention, skin barrier protection, and lip care which yield better results than what the users expect. More importantly, the marketing boom along with the social media and beauty influencers has caused pH lip balm to be one of the most celebrated product within the cosmetics market. Endorsed reviews from trusted influencers not only increases the visibility of the products but also adds trust to the target audience.
Ph Based Lip Balm Market Analysis
Based on product, the market is segmented into tinted lip balm and non-tinted lip balm. The tinted lip balm segment dominated the market in 2023, generating a revenue USD 84.3 million, and is expected to grow at a CAGR of 5.8% during the forecast period from 2024-2032. One product that fulfills two functions includes tinted lip balms that give lips nourishment and a subtle hint of color. They are very popular among consumers because of the effortless application, lightweight, and moisture retention features that apply for everyday use. Tinted lip balms offer a more relaxed and flexible substitute for conventional lipsticks of glosses as they provide a touch of color while keeping the lips moist and can be used for any occasion.
Based on ingredients, the Ph based lip balm market is classified into natural and synthetic. The lip balm made with natural ingredient dominated the market in 2023, by acquiring market share of 65.5% and is expected to grow at a CAGR of 5.8% during the forecast period from 2024-2032. Concern over lip balm formulation has shifted towards the quest for natural ingredients owing to the perception that these products contain harmful synthetic substances. Lip care derived from natural ingredients such as plant extracts have emerged as more efficient and safer alternatives to traditional lip balms, putting the mind of worry of the consumer at ease.
From the recent development, Asia Pacific seems to be at the top, earning a significant revenue of USD 53.3 million, and it is projected to hit USD 91.7 million by 2032. There is a noted increase in the consumers buying pH-oriented lip balm balms which is likely attributed to their increased awareness on beauty practices and trends around the world. Continuous innovation is taking place within these regions aimed at pH-based balms targeted at different skin issues.
North America: The Ph based lip balm market in North America was dominated by the U.S. tube filling machine market, with a value of 20.3 million by 2032. New formulations to meet constant customer demands are being developed and introduced by various top skincare brands which are based in the U.S.
Asia Pacific: China held the most market in the Asia Pacific market with revenue of around 11.9 Million in 2023 and is expected to reach around USD 22.8 Million by 2032. Chinese people have actively participated in beauty and skincare due to cultural reason of maintaining youthful and healthier skin. Furthermore, the global beauty standards have encouraged this trend, thus implying that Chinese consumers are willing to embrace and adopt international lip care techniques and products.
Ph Based Lip Balm Market Share
The concentration of firms in the market ranges between 5%-10% for major companies such as L'Oréal and Beiersdorf Global AG. The rest of the market is divided among various players who are increasing their prices every year and using mergers and acquisitions to meet the rising demand from customers.
Ph Based Lip Balm Market Companies
Major players operating in the Ph based lip balm industry include:
Ph Based Lip Balm Market News
The Ph based lip balm market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Thousand Units) from 2018 to 2032, for the following segments:
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Market, By Product
Market, By Form
Market, By Ingredients
Market, By End Use
Market, By Price Range
Market, By Finish Type
Market, By Distribution Channel
The above information is provided for the following regions and countries: