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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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.