Lip balms are used to moisturize and protect lips by forming a thin layer over them. There are various types of lip balms medicated, organic, SPF, etc. The Lip Balm market's dynamics are primarily influenced by the critical drivers of increased focus on personal care, rise in disposable income, and growth of the e-commerce industry, notwithstanding the impediments posed by the restraining factors of intense competition, availability of substitutes, and health concerns.