The global lip make-up preparations market showcases striking disparities in value share by country as of 2023. The United States dominates the market substantially, followed by France and the United Kingdom in distant positions. Notable growth was recorded in markets such as the United States (4.53%) and Saudi Arabia (4.22%), with emerging markets like Peru, Vietnam, and Morocco also reporting significant year-on-year increases. In contrast, markets such as Poland, Finland, Denmark, and Montenegro faced slight declines in their year-on-year growth rates.
Future trends to watch include the accelerated growth of emerging markets and the potential for increased demand driven by innovations in organic and sustainable lip products. The United States will likely maintain its substantial market dominance, but shifts are expected as other countries increase their competitive edge through digital and e-commerce strategies.
Top countries in Lip Make-Up Preparations Market Size Value Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 49.91 | 2023 | +3.25% | +4.53% | View data |
| 2 | 2 France | 10.13 | 2023 | +3.54% | +3.84% | View data |
| 3 | 3 United Kingdom | 8.28 | 2023 | +1.8% | +2.55% | View data |
| 4 | 4 Germany | 5.95 | 2023 | +2.33% | +1.9% | View data |
| 5 | 5 Canada | 5.54 | 2023 | +2.72% | +3.39% | View data |
| 6 | 6 South Korea | 3 | 2023 | +3.8% | +2.9% | View data |
| 7 | 7 Australia | 2.92 | 2023 | +2.81% | +2.65% | View data |
| 8 | 8 Mexico | 1.43 | 2023 | +1.68% | +1.96% | View data |
| 9 | 9 Saudi Arabia | 1.35 | 2023 | +2.47% | +4.22% | View data |
| 10 | 10 Poland | 1.08 | 2023 | -1.12% | -1.02% | View data |
