The Lip Make-Up Preparations market in Austria has experienced varied growth over the years. Starting from a base value of $53.603 million in 2012, the market saw consistent year-on-year increases until 2016, when there was a significant uptake of 27.45%. Although there were slight declines in 2018 and 2019, the market generally trended upwards, culminating in a peak of $85.553 million in 2022. The average annual growth rate (CAGR) from 2018 to 2022 was relatively modest at 0.75%, reflecting a period of stabilization following earlier expansions. The market value in 2023 stood at a stable level, aligned with the growth patterns observed over the last few data points from 2021 and 2022.
Future trends to watch for include:
- Potential impacts of economic conditions and disposable income on consumer spending.
- Shifts toward sustainability and natural ingredient preferences.
- Market innovations in formulations and packaging.
- Effects of digital marketing and e-commerce expansion.
| # | 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% | View data |
| 5 | 5 Canada | 855,050,000 | 2023 | +2.72% | +3.39% | View data |
| 15 | 15 Argentina | 92,066,000 | 2023 | +2.57% | +2.23% | View data |
| 16 | 16 South Africa | 90,280,000 | 2023 | +1.95% | +2% | View data |
| 17 | 17 Austria | 86,845,000 | 2023 | +1.51% | +1.25% | |
| 18 | 18 Peru | 85,095,000 | 2023 | +3.54% | +5% | View data |
| 19 | 19 Switzerland | 76,522,000 | 2023 | +0.84% | +1.34% | View data |