Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Nicaragua

Nicaragua

In Nicaragua, the revenue generated in the Lips market reached US$9.30m in 2024.
It is projected to experience an annual growth rate of 2.79% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market segment, with US$4,000m in 2024.
In terms of per capita income, in Nicaragua generates US$1.30 in revenue per person in 2024.
The demand for organic and natural lip products is on the rise in Nicaragua, as consumers become more conscious about the ingredients they put on their lips.

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.