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Ph Based Lip Balm Market Share

Report ID: GMI10393
Published Date: Jul 2024
Report Format: PDF

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Ph based lip balm market Share

The market is fragmented, with prominent players, such as L'Oréal S.A., Carma Laboratories, Inc, Beiersdorf Global AG, The Body Shop International Limited and Dr. PawPaw Ltd, holding a market share of ~5-10%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Ph based lip balm market Companies

Major players operating in the Ph based lip balm industry include:

Amorepacific Corporation (Laneige)
Beiersdorf AG
Biossance (Amyris, Inc.)
Blistex Inc.
Burt's Bees
Carma Laboratories, Inc. (Carmex)
ChapStick (A Pfizer Brand)
Dr. Pawpaw (Dr. Paw Paw Ltd.)
Eos Products, LLC (Evolution of Smooth)
Fresh, Inc. (A LVMH Company)
L'Oréal
Revlon, Inc.
Sun Bum
The Body Shop International Limited (Natura &Co)
Unilever

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The Ph based lip balm industry was valued at USD 128.7 million in 2023 and is anticipated to register a CAGR of 5.7% between 2024 and 2032 due to growing consumer awareness regarding the importance of maintaining the skin's natural pH balance, coupled with growing trend towards natural & organic products.

The lip balm made with natural ingredient segment acquired a market share of 65.5% and is expected to record a CAGR of 5.8% during 2024-2032, driven by increasing concerns about the potential health dangers of artificial ingredients.

Asia Pacific market garnered a revenue of USD 53.3 million in 2023 and is expected to reach USD 91.7 million by 2032, as consumers are increasingly incorporating the product into their daily skincare routines, influenced by global beauty trends as well as local cultural preferences.

Biossance (Amyris, Inc.), Blistex Inc., Burt's Bees, Carma Laboratories, Inc. (Carmex), ChapStick (A Pfizer Brand), Dr. Pawpaw (Dr. Paw Paw Ltd.), Eos Products, LLC (Evolution of Smooth), Fresh, Inc. (A LVMH Company), L’Oréal, Revlon, Inc., and Sun Bum.