Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Hong Kong

Hong Kong

In Hong Kong, the revenue in the Lips market reached US$68.22m in 2024.
It is projected to experience an annual growth rate of 2.09% (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, in Hong Kong generates US$9.10 per individual in 2024.
The demand for luxury lip products in Hong Kong has surged due to the growing influence of K-pop and Asian beauty trends.

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.