Technology Profile
| Title: | Lip Balm |
| Value Proposition: | Lip balm is formulated with all natural ingredients, helps with chapped and dry lips. Natural butter is a rich moisturizer with soothing and healing properties. Due to it's rich texture, the skin doesn't soak it up right away, allowing the butter to serve as an extra protective barrier on the surface of your skin and lips to allow them to hydrate and heal. |
| Summary Application: | Additionally, essential oil used has antioxidant, antibacterial and anti-inflammatory properties. |
| Advantages: | Market potential The global lip care products market size was valued at USD 712.8 million in 2018 and is projected to exhibit a CAGR of 7.2% annually. Silent features of the technology
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| Commercialization Status: | Licensed awaiting commercialisation |
| Tech. Readiness Level: |
