The Lip Make-Up Preparations Market in South Korea was valued at 8.93 USD per capita in 2023. The market has shown significant growth from 2013 to 2023, with a notable increase from 3.24 USD per capita in 2013. The recent years demonstrate the following year-on-year variations: a 3.99% increase from 2022 to 2023, and a 3.99% increase from 2021 to 2022. Over the past five years, from 2018 to 2023, the Compound Annual Growth Rate (CAGR) is approximately 2.81%.
Future trends to watch include the impact of evolving consumer preferences toward clean and organic beauty products and the influence of K-beauty's global popularity, potentially sustaining growth and innovation in the lip make-up segment.
| # | 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 | ||
| 9 | 9 Austria | 9.67 | 2023 | View data | ||
| 10 | 10 Sweden | 9.46 | 2023 | View data | ||
| 11 | 11 South Korea | 8.93 | 2023 | |||
| 12 | 12 Switzerland | 8.74 | 2023 | View data | ||
| 13 | 13 Finland | 7.83 | 2023 | View data | ||
