Europe Lip Balms Market (2020-2026) | Size, Brands, Analysis, Forecast, Trends, Growth, Value, industry, Outlook & COVID-19 IMPACT

Latest 2023 Developments of the Europe Lip Balms Market

The Europe Lip Balms Market is becoming increasingly popular since people in the region are becoming more conscious of their skin and lip health. Rising demand from consumers for organic and natural products is stimulating the Europe Lip Balms Market Growth. Consumers are interested in organic and natural lip care products. Manufacturers develop products that are made with natural ingredients like coconut oil, shea butter, and beeswax. There is also a rising trend and demand for cruelty-free and vegan lip balms in the continent and manufacturers are responding to it by producing products which are free from animal-derived ingredients. Innovation in packaging is another development going on in the Europe Lip Balms Industry. A number of manufacturers are developing packaging which is sustainable like biodegradable and refillable containers.

Lip balm manufacturers incorporate SPF (sun protection factor) in their products with the growing awareness of the harmful effects of the sun on the skin.  Distribution channels in the region for lip balms are growing as manufacturers are selling their products online and via speciality retailers. This enables greater accessibility and reaches for consumers. These developments will aid in stimulating the Europe Lip Balms Market Size.

Europe Lip Balms Market Synopsis

Europe Lip Balms Market has registered a significant revenue increase on the back of rising beauty concerns coupled with increased awareness about organic personal care products among consumers which have triggered potential demand for the product in the past few years. Germany's lip balms market captured the majority of the revenue share in the overall regional product market in the past few years owing to rigorous campaigns and advertisements supported by top players in the cosmetics industry to increase the use of lip balms which has created curiosity amongst the consumers to use the product.

According to 6wresearch, the Europe Lip Balms Market size is expected to grow during 2020-2026. The outbreak of the global pandemic has led to a significant decline in the market value owing to the reduced demand for the product-related registered shortfall owing to the home-based culture followed up in late 2019 and the year 2020. The imposition of the nationwide lockdown across the region to combat the spread of the novel coronavirus has led to a significant decline in personal care and cosmetic products. The increase in the growth of the cases under the pandemic has led to an increased imposition of the nationwide lockdown in almost all countries across the globe in order to combat the spread of the novel coronavirus has caused disruptions in the overall market sales of the personal care products as outside travels to stop and the population is hardly relying on the purchase of the personal care products as a fashion statement. But, in the course of time, the market is anticipated to witness a spur owing to the revamped market value.

On the basis of distribution channels, hypermarkets and retail chains are expected to gain the highest market revenue share in the coming years owing to rising safety concerns regarding the ingredients used in the products. Consumers tend to buy the product due to verification of the brand and physical availability and this is expected to be a growth proliferator for the product market in the coming time zone. However, over the course of time, E-commerce is also anticipated to gain significant market share due to easy product availability and comfortable shopping options provided by the E-commerce platform and the discounts and rebates provided over the web.

The key players in the product market are Balm Dotcom, Kim Beauty, Hue Noir, Fenty Beauty, Sephora, Burt’s Bees, Carmex Classic and Hanahana Beauty.

The Europe Lip Balms Market report thoroughly covers the Market by types, application and key countries including Italy, Spain, Germany, the United Kingdom, France and the rest of Europe. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, market drivers, and market share by companies, which would help stakeholders device and align market strategies according to the current and future market dynamics.

COVID-19 Impact on the Europe Lip Balms Market

The coronavirus pandemic had a mixed impact on the Europe Lip Balms Market Growth. A number of people in the region experienced chapped and dry lips with the use of face masks during the pandemic, which led to rising demand for lip balms since people look for ways to protect and soothe their lips.  The pandemic also led to disruptions to supply chains. Manufacturers experienced delays in packaging and getting raw materials, which led to a decline in production. A number of manufacturers shifted their concern to online sales with several physical stores closed or operating at reduced capacity owing to social distancing and lockdown measures. 

Key Highlights of The Reports

• Europe Lip Balms Market Overview
• Europe Lip Balms Market Outlook
• Europe Lip Balms Market Forecast
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026 of Europe Lip Balms Market Revenues
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026, by Type
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026, by Application
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026, by Countries
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026 of Italy Lip Balms Market
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026 of Spain Lip Balms Market
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026 of United Kingdom Lip Balms Market
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026 of France Lip Balms Market
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026 of Germany Lip Balms Market
• Historical Market Data for the period 2016-2019 and Market Size & Forecast until 2026 of rest of Europe
• Market Drivers and Restraints
• Price Trends
• Europe Lip Balms Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Lip Balms Market Share, By Players
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Type:

• Solid Lip Balms
• Liquid Lip Balms

By Applications:

• Lip Balm for Men
• Lip Balm for Women
• Lip Balm for Babies
• Other Dedicated Lip Balms

By Countries:

• Italy
• Spain
• Germany
• United Kingdom
• France
• Rest of Europe