Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Madagascar

Madagascar

In Madagascar, the revenue generated in the Lips market in 2024 amounts to US$38.60m.
It is projected that the market will experience an annual growth rate of 3.90% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, reaching US$4,000m in 2024.
Taking into account the total population figures, the per person revenue in Madagascar is US$1.24 in 2024.
The demand for organic and sustainable lip products in Madagascar is steadily increasing among environmentally-conscious consumers.

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.