Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - ASEAN

ASEAN

In ASEAN, the revenue in the Lips market is projected to reach US$1.10bn in 2024.
It is anticipated that the market will experience an annual growth rate of 3.56% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in this market, amounting to US$4,000m in 2024.
Taking into account the total population figures, the per person revenue in ASEAN is estimated to be US$1.59 in 2024.
In the ASEAN market, the demand for lip care products in Thailand has been steadily increasing due to the country's beauty-conscious culture.

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

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Methodology

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