Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Australia & Oceania

Australia & Oceania

In 2024, the revenue generated in the Lips market in Australia & Oceania amounts to US$373.20m.
It is projected that the market will experience an annual growth rate of 4.01% (CAGR 2024-2029).
When comparing the revenue on a global scale, in the United States generates the highest amount with US$4,000m in 2024.
To put the revenue in perspective, in 2024, per person revenues of US$8.59 are generated in relation to the total population.
The demand for organic and natural lip products is on the rise in Australia, reflecting the country's growing focus on sustainability and eco-consciousness.

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.