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Press Release

Jul 22, 2020 14:09 UTC

Lip Care Products Market Assessment 2020-2027 and the Projected Impact of COVID-19 - ResearchAndMarkets.com

DUBLIN--(Business Wire)--The "Lip Care Products - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 16th edition of the report. The 257-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Lip Care Products Market to Reach US$2.3 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Lip Care Products estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at a CAGR of 2.3% over the analysis period 2020-2027.

Non-Medicated, one of the segments analyzed in the report, is projected to grow at a 2.3% CAGR to reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medicated & Therapeutic segment is readjusted to a revised 2.7% CAGR for the next 7-year period. This segment currently accounts for a 34.9% share of the global Lip Care Products market.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 4.3% CAGR for the Period of 2020-2027

The Lip Care Products market in the U.S. is estimated at US$524.8 Million in the year 2020. The country currently accounts for a 27.06% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$448.2 Million in the year 2027 trailing a CAGR of 4.3% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR while Rest of European market (as defined in the study) will reach US$448.2 Million by the year 2027.

Sun Protection Segment Corners a 19.6% Share in 2020

In the global Sun Protection segment, USA, Canada, Japan, China and Europe will drive the 1.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$290.3 Million in the year 2020 will reach a projected size of US$320 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$309.3 Million by the year 2027, while Latin America will expand at a 2.3% CAGR through the analysis period.

Competitors identified in this market include, among others:

  • Bayer AG
  • Kao Corporation
  • L'Oreal SA
  • Revlon, Inc.
  • Unilever PLC

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 116

For more information about this report visit https://www.researchandmarkets.com/r/j3lgej

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
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