Lip Make-Up Preparations Market Size Value in Mexico

Between 2012 and 2022, the Lip Make-Up Preparations Market in Mexico experienced a varied trajectory with an overall growth trend. The market value saw significant increases in 2013 and 2015, followed by a substantial growth spike in 2016, reaching $218.77 million. Year-on-year variability ranged from a high of 24.22% in 2016 to declines of around 4% in the subsequent years. The last two years showed moderate growth in 2021 and 2022, with increases of 7.18% and 1.75%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years indicated a slight positive trend of 0.69%.

Future trends to watch for include consumer preferences shifting towards natural and organic products, technological advancements in make-up formulations, and potential impacts of economic fluctuations on consumer spending. Sustainability practices and inclusivity in product range are also expected to drive market dynamics moving forward.

How does Mexico 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
6 6 South Korea 462,980,000 2023 +3.8% +2.9% View data
7 7 Australia 450,670,000 2023 +2.81% +2.65% View data
8 8 Mexico 220,350,000 2023 +1.68% +1.96%
9 9 Saudi Arabia 208,760,000 2023 +2.47% +4.22% View data
10 10 Poland 166,350,000 2023 -1.12% -1.02% View data