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Ph Based Lip Balm Market Trends

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

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Ph Based Lip Balm Market Trends

Advancement in cosmetic industry and formulation techniques have improved the effectiveness of pH-based lip balms, allowing them to meet individual skin demands while offering improved results. These innovations improve hydration, protection, and overall lip care, resulting in increased consumer satisfaction. Furthermore, social media platforms and beauty influencers have played an important role in increasing the popularity of pH-based lip balms. Reviews and endorsements from trustworthy influencers not only increase product awareness, but they also boost credibility among potential customers.

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.