Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Tanzania

Tanzania

In Tanzania, the revenue in the Lips market is projected to reach US$88.55m in 2024.
It is anticipated that the market will experience an annual growth rate of 3.72% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, amounting to US$4,000m in 2024.
In terms of per person revenues, the figure stands at US$1.28 in 2024.
In Tanzania, the demand for natural and organic lip care products is on the rise, as consumers prioritize sustainable and eco-friendly options.

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.