In 2023, France dominated the European market for lip make-up preparations, accounting for a significant share of the sold production in Europe. Italy and Germany followed, although their shares were considerably smaller. Notably, the makeup industry in Germany, Poland, and the United Kingdom experienced declining trends, while France saw a substantial year-on-year growth. Croatia and Finland showed the most dramatic percentage increases, indicating emerging markets. Over the past five years, the compound annual growth rates varied across countries, reflecting diverse market dynamics and consumer preferences.
Future trends to watch include:
- The continuous expansion of the French market, possibly driven by innovation and luxury branding.
- A potential recovery or decline reversal in Germany, Poland, and the UK, contingent on market conditions and consumer sentiment.
- The anticipated growth prospects in the burgeoning markets of Finland and Croatia.
- Increasing competition and the impact of sustainability and technological advancement on production and consumer choice.
Top countries in Sold Production of Lip Make-Up Preparations Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 68.04 | 2023 | +14.44% | +7.54% | View data |
| 2 | 2 Italy | 15.04 | 2023 | +11.4% | +3.58% | View data |
| 3 | 3 Germany | 7.75 | 2023 | +1.3% | -4.82% | View data |
| 4 | 4 Poland | 3.28 | 2023 | +1.61% | -1.7% | View data |
| 5 | 5 United Kingdom | 2.54 | 2023 | -1.47% | -3.01% | View data |
| 6 | 6 Spain | 0.71 | 2023 | -4.75% | -6.54% | View data |
| 7 | 7 Greece | 0.49 | 2023 | +6.42% | -5.95% | View data |
| 8 | 8 Croatia | 0.19 | 2023 | +2.6% | +5.57% | View data |
| 9 | 9 Bulgaria | 0.089 | 2023 | +4.19% | +1.54% | View data |
| 10 | 10 Finland | 0.073 | 2023 | -7.53% | +36.37% | View data |
