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Lip Softening Tools Market

Lip Softening Tools Market

Lip Softening Tools Market Analysis by Product Type (Lip Plumping Tool, Lip Enhancers, Lip Perfecting Tools), by Price Range (Economic, Medium, Premium Price Range), by Distribution Channel, by Region - Global Forecast 2022-2032

Lip Softening Tools Market
FACT3513MR

Global Lip Softening Tools Market Outlook

The global lip softening tools market is estimated at USD 236.8 Million in 2022 and is forecast to surpass USD 394.9 Million by 2032, growing at a CAGR of 5.2% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 226.1 Million

Estimated Year Value (2022E)

USD 236.8 Million

Projected Year Value (2032F)

USD 394.9 Million

Global Growth Rate (2022-2032)

 CAGR 5.2%

North America Market Share in 2021

~32%

North America Growth Rate (2022-2032)

CAGR ~5.5%

Collective Value Share (US, China, India) 2022: Top 3 Countries

~43%

Top 5 Companies Market Share in 2021

~23%

Key Companies Profiled

  • Fullips
  • KISSIO
  • Derol Cosmetics
  • ReVive
  • CandyLipz LLC
  • JuvaLips LLC
  • Hammacher
  • BIRCHBOX
  • Schlemmer
  • Bliss
  • Exilis
  • Other Market Players

The global lip softening tools market is likely to create an absolute dollar opportunity of USD 158.2 Million by the end of 2032. The global lip softening tools market holds ~11% of the global lip care products market.

2017-2021 Global Lip Softening Tools Market Outlook in Comparison to 2022-2032 Growth Forecast

Among daily skin care rituals, lips often don’t make it to the list. The prolonged, unprotected exposure of lips to the sun can cause wrinkles, premature aging or actinic cheilitis. This has led to an increase in demand for lip softening tools. The increasing focus on product innovations and long lasting faster formulas have helped manufacturers create a large customer base in the lip softening tools market.

The lip softening tools use gentle rotations with massaging bumps to exfoliate, soften and plump the lips. Owing to the recent trend in the beauty world for the fuller and plump lips, the demand for lip softening tools is increasing at a fast rate.

These lip softening tools are well-suited for people who seek to enhance their daily skin care rituals. The procedures done using these lip softening tools are comfortable with zero downtime and very few post-procedural instructions.

The injectable lip fillers have been an option to enhance lips for long but the insistence of bee-stung look without the use of needles has given rise to lip softening tools.

Fact.MR projects the lip softening tools market is expected to witness exhibiting growth at 5.2% CAGR during 2022 and 2032 in comparison to a CAGR of 3.5% with which it grew from 2017 and 2021.

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Growing Trend for Plumper Pout Enhances Global Market for Lip Softening Tools

In today’s age, everyone wants a plumper pout without committing to fillers and the new at-home lip softening tools builds up collagen to provide fuller looking lips.

These lip softening tools utilize red LED lights to boost up blood circulation, which helps to lessen the appearance of fine lines and creates a plush pout. Lip softening tools act as a lip perfecting system, and they can be used by people of all age groups to enhance the appearance and texture of the lips.

The rise in concern for health and an increase in demand for multi-care & multi-functional products for lip care are anticipated to propel the growth of lip softening tools market during the forecast period.

Pursuit of Bigger Lips Proliferates the Overall Lip Softening Tools Market

The rising demand for lip care devices like lip softening tools and increasing discretionary income of the consumers are some of the significant factors that are expected to enhance the growth of the North American Market for lip softening tools in the upcoming years.

North America is projected to be followed by Europe and Asia-Pacific. The increasing population and rising awareness among consumers about the benefits of lip care devices, especially lip softening tools, is projected to accelerate the growth of lip softening tools market.

An Adaptive Approach to Modern-day Research Needs

Presence of Few Players in the Lip Softening Tools Market Provides Room for Local Players to Poach in

The lip softening tools manufacturers are focused on both emerging and developed countries due to growing awareness among people worldwide. The lip softening tools manufacturing companies, in recent years, have changed their business strategies to acquire a large customer base.

Owing to the number of opportunities available in the lip softening tools market worldwide, it has opened up a lot of space for the lip softening tools manufacturers to enter and mark their significant share in the entire market.

Competitive Landscape: Top Companies in Lip Softening Tools Market

The global lip softening tools market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of lip softening tools market.

Fact.MR has provided detailed information about price points of key manufacturers in lip softening tools market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • BIRCHBOX was acquired by FemTec Health in 2021. It will now be relaunched as a product discovery service, thereby expanding into personal care and wellness
  • ReVive launched itself on Amazon luxury store in 2020 for its skincare segment to reach a wider consumer base

Global Lip Softening Tools Market by Category

  • By Product Type, Global Lip Softening Tools Market is segmented as:

    • Lip Plumping Tool
    • Lip Enhancers Tool
    • Lip Perfecting Tools
    • Other Product Types
  • By Price Range, Global Lip Softening Tools Market is segmented as:

    • Economic Price Range
    • Medium Price Range
    • Premium Price Range
  • By Distribution Channel, Global Lip Softening Tools Market is segmented as:

    • Online Distribution Channel
    • Offline Distribution Channel
      • Modern Trade
      • Retailers
      • Wholesalers
    • Other Distribution Channel
  • By Region, Global Lip Softening Tools Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of lip softening tools market is estimated to be worth over USD 236.8 Million in 2022.
The demand is anticipated to surpass USD 394.9 Million by 2032 end.
During 2017-2021, global lip softening tools market grew at 3.5% CAGR.
Some of the prominent players in lip softening tools market are Revive, Hammacher, Schlemmer, etc.
North America tops the global lip softening tools market accounting for 32.3% of global market share in 2022.
Lip plumping tool segment under the product type segment contributes 41.2% of market share in global sales of lip softening tools.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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