The Lip Make-Up Preparations market in Iceland reached a value of $13.44 per capita in 2023. Over the past decade, the market demonstrated an upward trend with some fluctuations, notably a peak in 2017 at $13.02 and a dip in 2018 to $11.95. In recent years, there was steady growth with a year-on-year increase of 1.7% from 2022 to 2023. Over the last five years, the compound annual growth rate was approximately 1.8%.
Future trends to watch for include:
- Potential impact of sustainable and natural product trends influencing consumer behavior.
- Technological advancements in beauty technology, potentially affecting market dynamics.
- Shifts in demographic preferences providing new growth opportunities.
| # | 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 | |||
| 6 | 6 New Zealand | 12.32 | 2023 | View data | ||
| 7 | 7 Ireland | 12.05 | 2023 | View data | ||
