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  4. 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, United States stands out as the top revenue generator, with a staggering US$4bn 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.

Definition:

The Cosmetics market Lips contains decorative cosmetics that serve as beauty products for the lips including lipsticks, lipliner or lip gloss. Excluded are care products such as lip balms & butter, they can be found in the Skin Care segment.

Additional Information:

The market comprises revenue, average revenue per capita, and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Lipsticks
  • Lipliner
  • Lip gloss

Out-Of-Scope

  • Lip balms & butter
  • Lip protection
  • Natural cosmetics

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Most recent update: Nov 2024

Source: Statista Market Insights

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Mar 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

Methodology

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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