The Lip and Eye Makeup market in Sweden reached a value of 62.4 million euros in 2023, representing a 3.06% increase from the previous year. The market showcased consistent growth with a CAGR of 2.85% over the last five years. From 2024 onwards, forecast data suggests continued growth, with the market expected to reach 71.398 million euros in 2028, projecting a forecasted CAGR of 2.14% over the next five years.
Key Highlights:
• The market saw fluctuations between 2013 and 2019, including periods of decline like in 2017 and 2019.
• There was a notable recovery starting in 2020, with a commendable year-on-year increase of 9.72% despite the global challenges.
• Recent years have shown steady growth: 3.3% in 2021, 3.19% in 2022, and 3.06% in 2023.
Looking forward, anticipated trends include:
• The market is expected to grow by 11.15% from 2023 to 2028.
• Increasing awareness and demand for premium and organic makeup products could drive growth.
• Evolving beauty and fashion trends play a crucial role in shaping consumer preferences and market dynamics.
