Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Luxembourg

Luxembourg

In 2024, the revenue in the Lips market in Luxembourg amounts to US$6.59m.
It is projected to experience an annual growth rate of 3.72% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the market, reaching US$4,000m in 2024.
In terms of per capita figures, the revenue generated per person in Luxembourg in 2024 is US$9.96.
Luxembourg's high-end beauty market is seeing a surge in demand for luxury lip products, driven by the country's affluent population and their preference for high-quality cosmetics.

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.