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According to a market report by Lucintel, the future of the lip balm market in the US looks promising with opportunities in the supermarkets/hypermarkets, department stores, drug store & pharmacies, health & beauty stores, and E-retail. The major drivers for this market are increasing working women population, growing concerns on beauty among women, and rising demand for natural and organic personal care products.

 In this market, solid cream and liquid gel are the major product types of the lip balm. Liquid gel lip balm is expected to remain the largest segment over the forecast period because it is easy to use, safe to carry and easily available in market.

Female, male, and children are the major users of lip balm. Lip balm for women is expected to witness the highest growth over the forecast period due to the growing use of lip balm for lip care and as a replacement for lipsticks.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the lip balm market in the US by product type, end user, and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Lip Balm Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the lip balm market in the US by product type, end user, and distribution type as follows:

By Product Type [$ Million Shipment Analysis from 2015 to 2026]:



  • Solid Cream


  • Liquid Gel


By End User [$ Million Shipment Analysis from 2015 to 2026]:



  • Female


  • Male


  • Children


By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:



  • Supermarkets/Hypermarkets


  • Department Stores


  • Drug Store & Pharmacies


  • Health & Beauty Stores


  • E-retailers


  • Others


 

This more than 50-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/United-States/opportunities-for-the-lip-balm.aspx or   helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.