The Lip Make-Up Preparations Market Size in New Zealand saw a progressive increase from 2013 to 2018, displaying robust growth and peaking in 2018 at 58.786 million USD. Though a slight decline was seen in 2019 and 2020, the market rebounded in 2021 with a gradual growth trend continuing into 2023, culminating at 62.63 million USD. Over the past two years, 2022 and 2023, the market observed a year-on-year growth of 2.22% and 2.13% respectively, indicating moderate yet steady gains. The compound annual growth rate (CAGR) over the past five years stood at 1.27%.
Future trends to watch for in the Lip Make-Up Preparations Market include an increased demand for eco-friendly and sustainable products, driven by a growing consumer preference for environmentally conscious brands. Additionally, innovations in product formulation and a focus on multi-functional make-up items are expected to influence market dynamics positively.
How does New Zealand 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 |
| 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 |
| 20 | 20 New Zealand | 62,630,000 | 2023 | +2.13% | +1.27% | |
| 21 | 21 Greece | 61,852,000 | 2023 | +1.04% | +0.11% | View data |
| 22 | 22 Ireland | 59,768,000 | 2023 | +0.12% | +1.04% | View data |
