Lip Care Products Market Size to Hit $4.74 Bn by 2034

Lip Care Products Market Growth, Demand, and Production Forecast 2034

The global lip care products market size was estimated at USD 2.66 billion in 2024 and is predicted to increase from USD 2.82 billion in 2025 to approximately USD 4.74 billion by 2034, expanding at a CAGR of 5.94% from 2025 to 2034. In 2024, Asia Pacific held a dominant market position, capturing more than a 39.11% share and holds a USD 1.04 billion market value for the year.

Last Updated: 12 May 2025 Category: Beauty and Personal Care Insight Code: 5555 Format: PDF / PPT / Excel

The lip care products market accounted for USD 2.66 billion in 2024 and is expected to reach around USD 4.74 billion by 2034, with a CAGR of 5.94% from 2025 to 2034. The demand for lip care products is increasing due to the rising awareness of personal care, which makes various skincare products popular. 

Lip Care Products Market Size

Lip Care Products Market Key Takeaways

  • The Asia Pacific lip care products market size is estimated at USD 1.10 billion in 2025, and is expected to reach USD 1.86 billion by 2034, at a CAGR of 5.99% during the forecast period (2025-2034)
  • Asia Pacific lip care products industry dominated the global market with the largest revenue share of 39.11% in 2024.
  • North America lip care products industry is expected to grow at a significant CAGR of 5.75% over the forecast period.
  • By product, the Lip balm dominated the market with the largest revenue share of 45.11% in 2024.
  • By product, the lip scrub segment is expected to grow at a significant CAGR of 5.64% over the forecast period.
  • By distribution channel, the Hypermarkets & supermarkets dominated the segment with the largest revenue share of 40.61% in 2024.
  • By distribution channel, the specialty store segment is expected to grow significantly over the forecast period.

Lip care products include a line of formulations that are designed to nourish, protect and hydrate the lip skin. The body part usually lacks oil glands, which makes it more prone to dryness from sun damage and other environmental stress factors. The lip care products market has grown significantly in recent years due to the rising adoption of lip care products like lip balm, lip scrub, lip masks, lip oils and many more. These products are used daily that help protect from UV rays, wind, and pollution. The rising use leads towards the increasing demand for ingredients like emollients, humectants, vitamins and others. 

Increasing dry and chapped lips due to factors like climate change are one of the major drivers that are promoting lip care products in recent times. The constant climate change in recent years is highly affecting the human body, which is increasing the precautionary measures like skincare and wellness. The lip care products market is expanding rapidly due to the rising colder winters that lower the moisture level from the lips and hotter summers, which raise the need for protection from UV rays, as it may lead to lip burns. The rise of social media is effectively shaping consumer preferences, which are attracting growth in lip care products. The majority of the brands are targeting these environmental factors in their advertisements, which is attracting a significant consumer base. 

  • A report by Dr. Kiran Mian, dermatologist at Hudson Dermatology New York, stated that cold air, humidity and indoor heat are the major culprits that are increasing cases of flaky and chapped lips. These professionals are also suggesting lip balms and other lip care products, which are significantly increasing the market demand.
  • The changing lifestyle patterns are one of the major growth factors that are influencing the growth of various skincare products like lip balm, serum and many more. The busy outdoor lifestyle is influencing the growth of daily-use lip care on a massive level.
  • Alanna, a skincare product startup, witnessed a significant revenue of 70% in the lip wash product, which led to their increasing focus on the entire lip care segment, and it is also helping them to expand their business with clean lip products.
  • The rapid growth of platforms like Instagram and TikTok is helping companies to make their presence in the lip care products market, where they are adopting technologies like AI to analyze data and reach their target audience. 

Report Scope

Report Attributes Details
Market Size in 2025 USD 2.82 Billion
Expected Size by 2034 USD 4.74 Billion
Growth Rate CAGR of 5.94%
Base Year in Estimation 2024
Forecast Period 2025-2034
Dominant Region Asia Pacific
Segment Covered  By Product, By Distribution Channel, By Region
Key Companies Profiled L'Oreal S.A., Johnson & Johnson Services, Inc., Colgate-Palmolive Company, Procter & Gamble, Beiersdorf, Revlon, The Estée Lauder, Companies, Unilever, Avon, Shiseido Company

Market Dynamics

Opportunity 

Rising Demand for Organic Products 

The cosmetic industry is expanding at a rapid pace, which is also leading towards multiple changes and advancements constantly. The lip care products are anticipated to gain significant popularity for organic products due to the rising consumer awareness regarding products made from natural oils and herbal extracts. The industry is also coming across multiple synthetic products which may not suit the body, and also increase the chances of skin allergies and many other conditions.

As a result, the regulatory bodies are also promoting the adoption of non-toxic ingredients, which may ensure consumer safety. The younger generations, including Gen Z and Millennials, are more likely to adopt organic lip care that includes vegan and eco-friendly solutions. Bodies and certifications like the CDSCO, USDA, and COSMOS are ensuring that the skincare products meet the environmental and safety standards before entering the market. 

Restraint

Limited Awareness in rural areas 

The skincare and wellness trend has marked significant growth in the majority of urban areas due to higher investments in marketing. The rural areas may face certain challenges due to lower education on personal care, which may affect the acceptance of lip care products. The lower digital influence in these areas may also restrain the growth of the lip care products market, as the companies don’t get an opportunistic platform to grow their business. The lower awareness rate among the population is also affecting the spending capacity on these cosmetic products.

Regional Insights

Lip Care Products Market Revenue Share, By Region

Asia Pacific dominated the global lip care products market by generating the largest revenue share in 2024. The dominance of the region is attributed to the growth in the middle-class population, which is adopting the use of various skincare products daily. This has been providing significant business opportunities for companies to innovate new products. The rising social media influence in countries like India, China, South Korea and Japan are majorly playing a major role in boosting the product demand and sales. The regulatory bodies responsible for cosmetic products are also promoting natural and organic products, which will raise a higher demand in the upcoming years. 

China Lip Care Products Market Trends

The higher skincare and beauty standards have been playing a crucial role in the Chinese industry, which is also boosting their economic development. The rising beauty and wellness trends are significantly boosting the local manufacturing in the region, which majorly contributes to the global exports. The lip care products market is anticipated to gain more popularity in the upcoming years as companies in the country are highly investing in adopting organic products. The stronger e-commerce industry in China is also helping the local and global brands grow more effectively.

North America is anticipated to rise at the fastest CAGR during the forecast period of 2025 to 2034. The growth of the region is attributed to the higher influence of beauty trends in countries like the United States and Canada, which shape the overall industry. As a result, companies are aiming to adopt more specialized products which can mark their presence in the industry. The extreme weather conditions in these countries are also expected to raise the demand for products like lip balm and serum. The rising demand for male grooming in the region might also help the companies to attract their growth opportunity in the region.

U.S. Lip Care Products Market Trends 

The United States is one of the major countries in the lip care products market due to the higher influence of global brands that are collaborating with celebrities to introduce various products like Rare Beauty, Kylie Cosmetics, Fenty Beauty and many more. These companies are also expanding in digital sales through e-commerce websites, which is helping them significantly grow. 

Europe also accounted for a considerable share in 2024, owing to the growth of established cosmetic brands like Unilever, L’Oreal, and Beiersdorf that are entering into lip care segment. The countries like the UK, France, and Germany are highly affected by extreme cold weather, which is leading towards the demand for significant products including moisturizing and healing capacity. 

Market Segments 

Product Insights 

The lip balm segment marked its dominance by generating the largest revenue share in 2024. The dominance of the segment is attributed to the wider consumer base of these products, including men, women and children. The lip care products market is expanding rapidly as these products provide moisture to the lips in extreme weather conditions. Additionally, these products are affordable, which makes them in demand in developing economies. The global beauty brands are expanding their portfolio by offering various products in different flavors and variants for different purposes. 

The lip scrub segment is anticipated to grow at the fastest CAGR during the forecast period of 2025 to 2034. The rising adoption of skincare is one of the major factors that is promoting the growth of products like lip scrubs. The higher use of beauty products like lipsticks has made scrubs more popular as a part of their skincare routine for smooth lips. The lip care products market is expanding rapidly due to the higher influence of social media, which is managing to increase the demand for these products effectively. 

Distribution Channel Insights 

The hypermarkets/supermarkets segment generated the largest revenue share in 2024. The influence of these channels is usually higher due to the wider product availability, which makes it more demanding for impulse buys. The lip care products market is expected to maintain its growth due to the rising adoption of these products in developing cities. Chains like Walmart, Big Bazaar and others are a first choice for one-stop shopping, which include various products. Additionally, these chains are offering these products at discounted prices, which may increase their purchasing chances rapidly. 

Lip Care Products Market Revenue Share, By Distribution Channel

The speciality store segment is anticipated to grow at a significant CAGR during the forecast period of 2025 to 2034. The rising establishment of personalized stores like Nykaa, Sephora and others is gaining significant popularity due to personalized shopping experience in these channels. Additionally, these stores have a higher product offering, which is attracting consumers influenced by the beauty trends. 

Lip Care Products Market Recent Developments 

  • Nykaa

Product Launch- In January 2025, Nykaa Cosmetics launched a superlight Lip Cloud Mousse Lipstick in their portfolio that provides a hydrating matte finish in 10 different shades.

  • Brinton Pharmaceuticals

Product Launch- In September 2024, Brinton Pharmaceuticals launched UV DOUX Lop Lightning Balm, which is enriched with SPF 40 and natural butters. The product offers hydration and sun protection with an organic approach that boosts the growth of the lip care products market. 

Lip Care Products Market Top Copmpanies

Lip Care Products Market Top Companies

Segments Covered in the Report

By Product 

  • Lip Balm
  • Lip Scrub
  • Others

By Distribution Channel 

  • Hypermarkets & Supermarkets
  • Pharmacy & Drug Store
  • Speciality Store
  • Online

By Region 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
  • Middle East and Africa (MEA)
    • South Africa
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  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Aditi Shivarkar, with 14+ years in Consumer Goods market research, specializes in Consumer Goods. She ensures accurate, actionable insights, driving Towards Consumer Goods excellence in industry trends and sustainability.

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