Known mostly for its conditioning properties, beeswax also has a number of other benefits for the skin, including an anti-inflammatory action that helps to calm and soothe. When applied to the skin, beeswax forms a protective barrier that helps protect it from environmental assaults, while also holding in moisture and reducing dryness. This is one of the reasons beeswax is often used in lip balms. Like honey, beeswax has antibacterial properties, helping keep skin clean and reducing the risks of contamination in the formula itself. Beeswax also has a natural honey fragrance, and is a favorite in soaps and perfumes because of its pleasant, light aroma.