From 2012 to 2022, the Lip Make-Up Preparations Market Size Value Per Capita in Vietnam increased significantly from 0.1 (Percent US Dollars Per Capita) to 0.29. Over the last two years, the market experienced a year-on-year growth of 7.69% from 2021 to 2022. The Compound Annual Growth Rate (CAGR) over the past five years (2017-2022) was approximately 7.14%, indicating robust and consistent growth.
In 2023, the market size value per capita stood higher than the previous year's value of 0.29. Looking forward, several trends are expected to shape the future of the market, including:
- Rising disposable income leading to increased consumer spending on beauty products.
- An increasing influence of social media and beauty influencers promoting diverse lip make-up products.
- Growing popularity of natural and organic formulations driving product innovation.
- A potential boost from e-commerce platforms enhancing product accessibility and consumer convenience.
| # | 38 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 23.21 | 2023 | View data | ||
| 2 | 2 Canada | 22.5 | 2023 | View data | ||
| 3 | 3 United Kingdom | 19.02 | 2023 | View data | ||
| 4 | 4 Australia | 17.5 | 2023 | View data | ||
| 5 | 5 Iceland | 13.44 | 2023 | View data | ||
| 35 | 35 South Africa | 1.53 | 2023 | View data | ||
| 36 | 36 Morocco | 0.58 | 2023 | View data | ||
| 37 | 37 Vietnam | 0.32 | 2023 | |||
| 38 | 38 Jamaica | 0.24 | 2023 | View data | ||
