Lips are a visible body part at the mouth of humans.
Lips are soft, movable, and serve as the opening for food intake and in the articulation of sound and speech. Human lips are a tactile sensory organ, and can be an erogenous zone when used in kissing and other acts of intimacy.
Lip Care Product Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.
Industry Analysis & Industry Trends
Although some operators experienced volatil ity in the wake of the recession, Lip Care Products Manufacturing industry revenue has grown over the past five years. Demand for the industry's most expensive and discretionary luxury products plummeted which resulted in declining revenue in 2011 and 2013.
However, rebounding consumer disposable income and growing consumer confidence caused revenue to grow as whole during the five years. Looking forward, this trend is expected to continue and growing demand for natural and organic products will support sustained growth in niche product lines, while driving companies to increase spending on research and development. Therefore, industry revenue is forecast to increase in the next five years.
What is the Lip Care Product Manufacturing industry?
This industry manufactures medicated, therapeutic, protective or traditional lip balms. Lip care products generally protect the lips from wind and sunburns, moisturize and heal wind and sunburns and provide lip-smoothing functions for makeup use. Lipstick without medicated, the rapeutic or protective functions are not included in this industry.