The Lip Make-Up Preparations market in South Africa showed a growth trajectory from 2012 to 2022. The market value rose from $62.868 million in 2012 to $88.549 million in 2022. In the initial years, there were fluctuations with a notable decline of -9.24% in 2013 followed by recovery and growth in subsequent years. The highest year-on-year increase (17.55%) occurred in 2017, indicating robust industry performance then. Recent years showed moderate growth with a 7.5% increase in 2021 and a 2.04% rise in 2022. Over the last five years, the compound annual growth rate (CAGR) was slightly lower at 1.45% compared to earlier periods.
Future trends to watch for in the Lip Make-Up Preparations market in South Africa include the impact of emerging beauty trends, increased consumer awareness regarding product ingredients, and the influence of social media on purchasing behaviors. In addition, continued innovation and sustainability practices are pivotal in shaping market dynamics.
How does South Africa 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% | View data |
| 5 | 5 Canada | 855,050,000 | 2023 | +2.72% | +3.39% | View data |
| 14 | 14 Sweden | 98,689,000 | 2023 | +0.53% | +0.57% | 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% | |
| 17 | 17 Austria | 86,845,000 | 2023 | +1.51% | +1.25% | View data |
| 18 | 18 Peru | 85,095,000 | 2023 | +3.54% | +5% | View data |
