The Lip Make-Up Preparations market in Germany has exhibited a consistent upward trajectory from 2012 to 2022, with notable fluctuations. Beginning in 2012 with a market size of $436.88 million, it saw significant growth especially in 2013 and 2016 with year-on-year increases of 23.64% and 28.95% respectively. The market showed slower but still steady growth through most years, peaking at $898.35 million in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.48%, reflecting moderate market maturity.
Key variations over the last two years include a 7.95% year-on-year rise in 2021 and a 2.43% increase in 2022, indicating strong recovery and stability post-pandemic. The forecasted data for 2023 suggests continuity in this growth pattern.
Future trends to watch for:
- Increased consumer awareness and preference for organic and vegan lip make-up products.
- Innovation and technological advancements driving new product launches.
- Influence of social media and influencer endorsements impacting purchasing behavior.
- Pandemic-induced shifts to e-commerce channels continuing to shape the market landscape.
How does Germany rank in Lip Make-Up Preparations Market Size Value?
| # | 42 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 7,707,300,000 | 2023 | +3.25% | +4.53% | View data |
| 2 | 2 France | 1,564,800,000 | 2023 | +3.54% | +3.84% | View data |
| 3 | 3 United Kingdom | 1,278,700,000 | 2023 | +1.8% | +2.55% | View data |
| 4 | 4 Germany | 919,270,000 | 2023 | +2.33% | +1.9% | |
| 5 | 5 Canada | 855,050,000 | 2023 | +2.72% | +3.39% | View data |
| 6 | 6 South Korea | 462,980,000 | 2023 | +3.8% | +2.9% | View data |