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Lip Care Products Market to Reach 1.5 billion by 2010 According to...

Often categorized as impulse purchase items, lip care products generate good revenues besides occupying the least amount of shelf space. These products are characterized in the 'destination category', as consumers frequently purchase these products out of immediate need. Traditional lip care products comprise more than half the market share, while Medicated and therapeutic lip care products surface as the fastest growing product segments. There is a constant demand for lip care products that are sophisticated and offer exceptional benefits. In the lip care category, products that offer multi-functional benefits help to increase sales. Consumers usually look for products that are useful in conditioning and hydrating their lips. Premium products in the lip care product line are expected to be the cash cows in the future.

The United States accounts for an estimated share of 31% of the global lip care products market (http://www.strategyr.com/Lip_Care_Products_Market_Report.asp), as stated in a recent report published by Global Industry Analysts, Inc.Traditional lip care products market (http://www.strategyr.com/Lip_Care_Products_Market_Report.asp) is expected to maintain lead in the region through 2010, albeit with a fall in market share owing to relatively sluggish CAGR of 4% during the analysis period. Growing emphasis by medical professionals on sun care and skin cancer has also enhanced the importance of lip care among consumers. Sun Care lip care products market (http://www.strategyr.com/MCP5086-.asp) in the US is estimated at $18.7 million for 2008. Total European lip care market is projected to reach $498 million by 2010.Medicated and therapeutic lipcare products market (http://www.strategyr.com/Lip_Care_Products_Market_Report.asp) in the region held about 43% share of the lip care products market in 2007. Demand for the lip care products in Asia-Pacific is projected to grow at compounded annual rate of 7% over the period 2000-2010. China and India represent high growth markets in the region.

Key players profiled in the report include Beiersdorf AG, Blistex Inc., Carma Laboratories, Chattem Inc., GlaxoSmithKline PLC, Johnson & Johnson, Laboratoire Dermophil Indien, L'Oreal SA, Mentholatum Company, Inc., The Body Shop International Plc, Unilever NV, Vichy Laboratories, and Wyeth Corporation

The report titled "Lip Care Products: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition in the Lip Care Products market on a global as well as regional level. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the study include Traditional Products, Medicated and Therapeutic Products, and Sun Care Products. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, and Latin America.

For more details of this research report please visit http://www.strategyr.com/Lip_Care_Products_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Email press @ StrategyR.com

Web Site www.StrategyR.com

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