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Ph Based Lip Balm Market Size
- Report ID: GMI10393
- Published Date: Jul 2024
- Report Format: PDF
Ph based lip balm market Size
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 due to growing consumer awareness regarding the importance of maintaining the skin's natural pH balance coupled with growing trend towards natural and organic products.
Consumers are becoming increasingly aware of the important function that pH levels have in overall skin health, especially the lips, as it protects against harmful bacteria and environmental pollutants while preserving moisture levels. Sun exposure disrupts the pH balance of the lips, causing dryness, inflammation, and other skin concerns. pH-based lip balms are designed to support and restore the lips' natural pH balance, resulting in healthier, more resilient skin. These products offer customized benefits beyond simple hydration, catering to people looking for focused solutions that complement their body's natural balance. As a result, pH-based lip balms are becoming the favored option among customers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Ph Based Lip Balm Market Size in 2023: | USD 128.7 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.7% |
| 2032 Value Projection: | USD 208.5 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 135 |
| Tables, Charts & Figures: | 49 |
| Segments covered: | Product, Form, Ingredients, End-user, Price Range, Finish Type, Distribution Channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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“Furthermore, Natural and organic products are becoming increasingly popular, due to rising consumer awareness of the harmful effects of synthetic chemicals. This shift has significantly raised the demand for natural lip balms, that are made without artificial additives, preservatives, and chemicals. Manufacturers are constantly attempting to develop products with natural components to fulfill the specific needs of customers. For instance, in June 2021, Ethique, Inc. has developed a new line of lip balms in the United States. The product contains naturally derived plant-based ingredients, is free of plastic, and comes in 100% home compostable tubes.
In the rapidly expanding lip balm industry, distinguishing pH-based lip balms from traditional ones is a major challenge. Furthermore, the lip balm industry is highly competitive with well-established brands that have earned consumer confidence and reputation. New entrants and smaller brands face a difficult challenge in gaining market share and competing with these companies.
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Ph Based Lip Balm Market Scope
