Lip Care Products Market Regional Analysis

Globally, Asia Pacific dominated the lip care products market and accounted for a healthy market share in 2021 and is set to continue its dominance over the forecast period. Increasing consumer base and rising awareness towards issues related to lip pigmentation, darkening, and sun exposure is likely to be the key factor driving the growth and demand for lip care products in the near future. Furthermore, wide presence of large market players including Kao Corporation and The Himalaya Drug Company and rising investment in research & development sector are projected to fuel the demand for lip care products in the region.

Moreover, North America is witnessing fastest CAGR during the forecast period in 2021 owing to the high technological advancement, rising innovation of advanced and natural products, and increased consumer income coupled with the change in their preferences and needs. In addition, growing inclination towards changing fashion trends and modern lifestyles is influencing consumers towards lip care products and fueling the growth of the lip care products market in the region.