North American Lip Care Market Steadily Rising Towards $500 Million by 2028 Driven by Personal Grooming Trends and Growing Demand for Natural Products
• North American lip care market valued at $452.2 million in 2022, forecast to reach $500.4 million by 2028 with a CAGR of 1.3% • Growth driven by rising focus on personal grooming and wide range of product offerings • Trend toward organic and natural lip care gaining momentum, driving R&D and investment • Need for sun protection lip care and growing interest among men further propelling growth • Chapstick, Burt's Bees, Carmex, Blistex Inc, and eos Products dominate competitive landscape