sonalsahlindatamintelligence.comThe global lip care products market share was valued at USD 1.98 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2021 to 2030. Growing concerns related to prolonged sun exposure, dryness, premature aging, and lip darkening have resulted in an increased demand for high-quality products among consumers. Moreover, there has been an increasing focus on organic and natural lip balms as consumers are seeking safer alternatives that are free from synthetic and toxic chemicals.
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