Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Europe

Europe

In Europe, the revenue generated in the Lips market in 2024 amounts to €3.49bn.
It is projected to experience an annual growth rate of 2.71% (CAGR 2024-2029).
The United States leads the global market, generating €3,671m in revenue in 2024.
In terms of per capita revenue, each person in Europe contributes €4.13 to the Lips market in 2024.
Germany is experiencing a growing trend in the lip care market, with an increasing demand for natural and organic lip balms.

Key regions: United Kingdom, United States, India, United Arab Emirates, Indonesia

Mercado

Región

Comparación de regiones

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Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.