The lip make-up preparations market in South Africa has shown a positive trend over the past decade, with per capita values increasing from $1.06 in 2013 to $1.53 in 2023. The year-on-year growth from 2022 to 2023 was 1.32%. Notably, from 2019 to 2023, the Compound Annual Growth Rate (CAGR) was approximately 1.52%, indicating a moderate yet consistent increase. The market experienced a slight dip in 2020 due to external factors but rebounded effectively in subsequent years.
Future trends to watch for include a continued increase in demand for organic and sustainable lip make-up products, driven by growing consumer awareness and preferences for eco-friendly options. Additionally, digital marketing and influencer collaborations are likely to play a crucial role in shaping market dynamics.
| # | 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 | ||
| 33 | 33 Armenia | 1.58 | 2023 | View data | ||
| 34 | 34 Bolivia | 1.56 | 2023 | View data | ||
| 35 | 35 South Africa | 1.53 | 2023 | |||
| 36 | 36 Morocco | 0.58 | 2023 | View data | ||
| 37 | 37 Vietnam | 0.32 | 2023 | View data | ||
