Between 2013 and 2023, Montenegro's lip make-up preparations market value per capita saw fluctuations with a notable increase from $3.42 in 2013 to $4.1 in 2023. The year-on-year variations peaked with a significant rise in 2016 but fell in 2017 and 2019. From 2021 to 2023, the market stabilized around $4.1 per capita, marking modest growth. The compound annual growth rate (CAGR) over the last five years was relatively stable, suggesting resilience despite economic fluctuations.
Future trends in this sector may involve:
- Influence of sustainable and natural ingredients.
- An increase in consumer preference for personalized and premium products.
- Pandemic recovery potentially increasing expenditures as consumer confidence rises.
| # | 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 | ||
| 21 | 21 Chile | 5.14 | 2023 | View data | ||
| 22 | 22 Poland | 4.39 | 2023 | View data | ||
| 23 | 23 Montenegro | 4.1 | 2023 | |||
| 24 | 24 Ecuador | 2.97 | 2023 | View data | ||
| 25 | 25 Mauritius | 2.71 | 2023 | View data | ||
