The lip makeup market in Slovenia reached a value of 3.1829 million euros in 2023. Over the last 11 years, the market has exhibited fluctuating growth, with a significant increase in 2020 and continued growth in the following years. The average annual CAGR for the last five years stands at 6.12%, indicating a positive trend. Notably, the year-on-year growth from 2021 to 2023 remained steady, between 1.41% and 1.52%.
Future trends to watch for:
- Potential market expansion as consumer interest in diverse lip products increases.
- Growth in premium and sustainable lip products driven by evolving consumer preferences.
- Impact of digital and e-commerce channels on sales distribution.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 17,865,000 | 2023 | +5.74% | -0.59% | View data |
| 2 | 2 Sweden | 14,031,000 | 2023 | -9.29% | -8.13% | View data |
| 3 | 3 Finland | 11,495,000 | 2023 | -1.75% | -6.76% | View data |
| 4 | 4 Croatia | 10,142,000 | 2023 | +1.38% | +1.67% | View data |
| 5 | 5 Slovenia | 3,182,900 | 2023 | +1.52% | +6.12% |
