In 2023, the sold production of lip make-up preparations in Germany stood at 130 million Euros. The forecasted data from 2024 to 2028 show a steady decline in value. From 2024 to 2025, there is a projected decrease of 4.3%, followed by further declines of approximately 4.5% each year. The Compound Annual Growth Rate (CAGR) over the five-year period is expected to be -4.6%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards natural and holistic beauty products.
- Impact of sustainability and eco-friendly packaging on market demand.
- Influence of economic factors such as inflation and disposable income on luxury cosmetic purchases.
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