Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Northern Europe

Northern Europe

In 2024, the revenue in Northern Europe's Lips market reaches an impressive US$257.10m.
Looking ahead, the market is projected to experience steady annual growth of 3.33%, as measured by the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When compared to other regions worldwide, in the United States stands out as the top revenue generator, with a staggering US$4,000m in 2024.
Taking population into account, the per person revenue for Northern Europe in 2024 amounts to US$7.59.
In Northern Europe, the lip care market is booming, with a strong emphasis on natural and organic ingredients in lip balms and a growing demand for tinted lip products.

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.