September 8th, 2021
Maximize Market Research's latest report, " Global Lip Balm Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
The Global Lip Balm Market was valued at US$ 650 Mn in 2019 and is expected to reach US$ 1080Mn by 2026, at a CAGR of 6.55% during a forecast period.
Global Lip Balm Market Overview
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Lip balm offers an occlusive layer on the lip surface to cover moisture in lips and protect them from external exposure. Dry air, cold temperature, and wind put a drying effect on the skin, this makes a lip balm the best substitute for lip moisture.
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Global Lip Balm Market Major Market Players
• Max Factor
• Elizabeth Arden
• MARY KAY
• Burt’s Bees
• Lip Smacker
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Lip Balm Market by Types and Applications:
Global Lip Balm Market, by Product
• Solid Cream Lip Balm
• Liquid Gel Lip Balm
Global Lip Balm Market, by Type
Global Lip Balm Market, by Usage
Global Lip Balm Market, by Application
• Dry Skin
• Sensitive Skin
The report has covered the market size by country (regions) for the global Lip Balm market. Segment by Application. The Lip Balm Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Lip Balm Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Lip Balm Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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