The Lip Make-Up Preparations market in Morocco has shown consistent growth in value per capita from 2013 to 2023. Starting at $0.26 in 2013, it increased to $0.58 by 2023, marking a notable rise. The most recent two years saw year-on-year increases of approximately 1.8% in 2022 and 3.6% in 2023. Over the past five years, the compound annual growth rate (CAGR) stands at approximately 2.83%, indicating a steady annual increase.
Future trends to watch for include:
- The potential impact of global beauty trends influencing local consumption patterns.
- Increased interest in sustainable and ethically-produced lip make-up products.
- The expansion of e-commerce platforms potentially driving accessibility and market penetration.
| # | 38 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 23.21 | 2023 | View data | ||
| 2 | 2 Canada | 22.5 | 2023 | View data | ||
| 3 | 3 United Kingdom | 19.02 | 2023 | View data | ||
| 4 | 4 Australia | 17.5 | 2023 | View data | ||
| 5 | 5 Iceland | 13.44 | 2023 | View data | ||
| 34 | 34 Bolivia | 1.56 | 2023 | View data | ||
| 35 | 35 South Africa | 1.53 | 2023 | View data | ||
| 36 | 36 Morocco | 0.58 | 2023 | |||
| 37 | 37 Vietnam | 0.32 | 2023 | View data | ||
| 38 | 38 Jamaica | 0.24 | 2023 | View data | ||
