A jar you keep is your own business. A jar you hand to someone else is a different thing, and the label is the only part of it that talks when you're not in the room.
You aren't legally required to label a gift the way a shop would. I'd argue you're required to anyway, for one reason: shea, mango and jojoba all come from nuts and seeds, and the person unwrapping your very nice body balm may be the one person at the table who reacts to one of them. They can only protect themselves if you told them.
So here's the short version of doing it properly.
List ingredients in descending order by weight, using their INCI names — the standardized international names — with the common name in brackets after. Shea butter is Butyrospermum Parkii (Shea) Butter. Jojoba is Simmondsia Chinensis (Jojoba) Seed Oil. Water is Aqua. It reads more formally than you'd expect and it's the form anyone with an allergy knows how to scan quickly.
Split your blends. This is the mistake I see most often on handmade labels, and it's the easiest to fix. A trade name is not an ingredient. Geogard ECT is four ingredients — benzyl alcohol, salicylic acid, glycerin and sorbic acid — and all four belong on the label. Olivem 1000 is two: cetearyl olivate and sorbitan olivate. Your supplier's spec sheet has the breakdown, and if a supplier won't give you one, you can't label a product containing it.
Say what it is, not just what you called it. "Sugarplum" is a name. "Lip Balm" is the identity statement, and it's what tells a stranger what they're holding. Both belong on the front.
Put the date on it. Not for compliance — for you. The two balms are good for about a year, the water-based products for about three months, and neither of those numbers means anything without a date to count from.
And be careful what you claim. Say what a product does for how skin looks and feels: hydrates, softens, soothes the feel of dry skin. Don't say it treats, heals, cures or repairs anything, and don't name a condition. Those are drug claims, and they apply to a gift tag and an Instagram caption exactly as much as to a shop shelf. It feels like a technicality until you realise that the honest description of what a product does and the legal one aren't always the same sentence.
The moment any of this becomes a transaction — a market stall, a coworker who insists on paying you — the full rules apply, with no grace period and no small-batch exemption for labeling. If that's where you're heading, Label It Up is the long version: what the law requires, where each element goes, how big it has to be, and a hundred and two templates to put it on.
