Lip Balm Market Analysis and Size and Definition
Lip balm is a type of cream that is used to keep the lips soft or to help sore lips feel better. Lip balm helps calm the lips that have turned dry and chapped. Since this area is thin, the skin is prone to dryness. However, the texture of the lip balm protects the skin in winter. Moreover, it provides lips hydration and nourishment, lip balms also add some glossy effect to the lips. Also, with the growing awareness about personal body care and the benefits offered by lip balm, the demand for lip balm is expected to increase over the forecast period.
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Lip Balm Market Size, Share & Forecast By 2030

The Lip Balm Market was estimated to be around USD 7,400 million in 2022, it is expected to rise at a 7.1% CAGR, reaching over USD 9,876.03 million by 2030