Lip balm ingredient is a term that refers to the components used to make lip balm. Common ingredients include aloe, BEESWAX, and lanolin. Aloe is a four-letter word derived from the plant of the same name, which is known for its healing properties. BEESWAX is a seven-letter word derived from the wax produced by honeybees, which is often used as an emulsifier in lip balm. Lanolin is also a seven-letter word derived from sheep's wool, which is used to help lock in moisture.