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Lip balm is a cosmetic product designed to soothe, moisturize, and protect the lips from dryness, cracking, and environmental damage. It typically comes in small, portable containers such as tubes, pots, or sticks, making it easy to apply and carry for use throughout the day. Lip balms are essential for maintaining healthy, soft lips, especially in harsh weather conditions like cold winters or hot summers, which can lead to chapped lips.