Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - South America

South America

In South America, the revenue generated in the Lips market is estimated to be US$1.42bn in 2024.
It is projected to experience an annual growth rate of 8.04% (CAGR 2024-2029).
When compared globally, in the United States leads the market with a revenue of US$4,000m in 2024.
Considering the total population, per person revenues amount to US$3.43 in 2024.
In South America, the demand for lip plumping products has surged, with consumers seeking fuller and more voluminous 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.