Philippines Lip Balm Market (2025-2031) Outlook | Analysis, Companies, Size, Share, Industry, Value, Growth, Revenue, Forecast & Trends
Market Forecast By Type (Flavored, CBD or Hemp Oil, SPF, Tinted, Plumping, Organic, Medicated, Others), By Application (Individual, Commercial), By Price (Low, Medium, High), By Distribution Channel (Online, Offline) And Competitive Landscape
| Product Code: ETC331109 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Philippines Lip Balm Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The import shipments of lip balm to the Philippines saw significant growth in 2024, with top exporting countries including China, Switzerland, Metropolitan France, South Korea, and the USA. The High Herfindahl-Hirschman Index (HHI) indicates a very high concentration in the market, reflecting the dominance of these key players. The impressive Compound Annual Growth Rate (CAGR) of 33.85% from 2020 to 2024 showcases the increasing demand for lip balm in the Philippines. Despite a slightly lower growth rate in 2024 compared to the previous year, the market remains robust and offers promising opportunities for both domestic and international suppliers.
Lip Balm Market: Philippines vs Top 5 Major Economies in 2027 (Asia)
The Lip Balm market in Philippines is projected to grow at a exponential growth rate of 15.98% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Philippines Lip Balm Market Synopsis
The Philippines Lip Balm market has shown consistent growth, reflected by a CAGR of 7.8%. Lip balms are essential for lip care, protecting from dryness and external elements. The increasing awareness of lip health and the availability of various flavored and medicated lip balms have driven market growth.
Drivers of the Market
The Philippines lip balm market is primarily driven by changing weather conditions and the need for lip care solutions. Lip balms provide hydration and protection to the lips from dryness and harsh environmental factors. The market growth is also fueled by evolving beauty trends, where lip care is an integral part of skincare routines. Additionally, the availability of lip balms with various flavors and formulations is expanding their consumer base.
Challenges of the Market
Intense competition, especially from unbranded and local products, can challenge the growth of established lip balm brands. Additionally, changing consumer preferences towards natural and organic products require manufacturers to adapt and innovate.
COVID-19 Impact on the Market
The Philippines lip balm market has experienced fluctuations in demand during the pandemic. With changes in consumer behavior and preferences, demand for lip balm products may have been affected. However, as economic activities normalize and consumer preferences stabilize, the market is expected to recover.
Key Players in the Market
Leading companies in the Philippines Lip Balm Market are Burt`s Bees, eos Products LLC, and Maybelline New York.
Key Highlights of the Report:
- Philippines Lip Balm Market Outlook
- Market Size of Philippines Lip Balm Market, 2024
- Forecast of Philippines Lip Balm Market, 2031
- Historical Data and Forecast of Philippines Lip Balm Revenues & Volume for the Period 2021-2031
- Philippines Lip Balm Market Trend Evolution
- Philippines Lip Balm Market Drivers and Challenges
- Philippines Lip Balm Price Trends
- Philippines Lip Balm Porter's Five Forces
- Philippines Lip Balm Industry Life Cycle
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Flavored for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By CBD or Hemp Oil for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By SPF for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Tinted for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Plumping for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Organic for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Medicated for the Period 2021-2031
- Historical Data and Forecast of Philippines Flavored Lip Balm Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Individual for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Commercial for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Price for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Low for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Medium for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By High for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Online for the Period 2021-2031
- Historical Data and Forecast of Philippines Lip Balm Market Revenues & Volume By Offline for the Period 2021-2031
- Philippines Lip Balm Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Price
- Market Opportunity Assessment By Distribution Channel
- Philippines Lip Balm Top Companies Market Share
- Philippines Lip Balm Competitive Benchmarking By Technical and Operational Parameters
- Philippines Lip Balm Company Profiles
- Philippines Lip Balm Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Philippines Lip Balm Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Philippines Lip Balm Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Lip Balm Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Lip Balm Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Lip Balm Market - Industry Life Cycle |
3.4 Philippines Lip Balm Market - Porter's Five Forces |
3.5 Philippines Lip Balm Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Lip Balm Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines Lip Balm Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.8 Philippines Lip Balm Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Lip Balm Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about lip care and beauty products among consumers in the Philippines |
4.2.2 Growing preference for natural and organic ingredients in lip balms |
4.2.3 Rising disposable income levels leading to higher spending on personal care products |
4.3 Market Restraints |
4.3.1 Intense competition from both local and international lip balm brands |
4.3.2 Price sensitivity among price-conscious consumers in the Philippines |
5 Philippines Lip Balm Market Trends |
6 Philippines Lip Balm Market, By Types |
6.1 Philippines Lip Balm Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Lip Balm Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Lip Balm Market Revenues & Volume, By Flavored, 2021-2031F |
6.1.4 Philippines Lip Balm Market Revenues & Volume, By CBD or Hemp Oil, 2021-2031F |
6.1.5 Philippines Lip Balm Market Revenues & Volume, By SPF, 2021-2031F |
6.1.6 Philippines Lip Balm Market Revenues & Volume, By Tinted, 2021-2031F |
6.1.7 Philippines Lip Balm Market Revenues & Volume, By Plumping, 2021-2031F |
6.1.8 Philippines Lip Balm Market Revenues & Volume, By Organic, 2021-2031F |
6.1.9 Philippines Lip Balm Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Philippines Lip Balm Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Lip Balm Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Lip Balm Market Revenues & Volume, By Individual, 2021-2031F |
6.2.3 Philippines Lip Balm Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Philippines Lip Balm Market, By Price |
6.3.1 Overview and Analysis |
6.3.2 Philippines Lip Balm Market Revenues & Volume, By Low, 2021-2031F |
6.3.3 Philippines Lip Balm Market Revenues & Volume, By Medium, 2021-2031F |
6.3.4 Philippines Lip Balm Market Revenues & Volume, By High, 2021-2031F |
6.4 Philippines Lip Balm Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Lip Balm Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Philippines Lip Balm Market Revenues & Volume, By Offline, 2021-2031F |
7 Philippines Lip Balm Market Import-Export Trade Statistics |
7.1 Philippines Lip Balm Market Export to Major Countries |
7.2 Philippines Lip Balm Market Imports from Major Countries |
8 Philippines Lip Balm Market Key Performance Indicators |
8.1 Social media engagement and influencer collaborations |
8.2 Number of new product launches and innovations in the lip balm market |
8.3 Consumer satisfaction and retention rates after using lip balm products |
9 Philippines Lip Balm Market - Opportunity Assessment |
9.1 Philippines Lip Balm Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Lip Balm Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines Lip Balm Market Opportunity Assessment, By Price, 2021 & 2031F |
9.4 Philippines Lip Balm Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Lip Balm Market - Competitive Landscape |
10.1 Philippines Lip Balm Market Revenue Share, By Companies, 2024 |
10.2 Philippines Lip Balm Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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