Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Ethiopia

Ethiopia

The revenue generated in the Lips market in Ethiopia amounts to US$127.00m in 2024.
It is projected to experience an annual growth rate of 4.44% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in the Lips market, reaching US$4,000m in 2024.
In terms of per capita figures, each person in Ethiopia generates revenues of US$0.98 in 2024.
Ethiopia's growing beauty industry has seen a surge in demand for locally made lip products, reflecting the nation's cultural pride and support for domestic businesses.

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.