Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Russia

Russia

In Russia, the revenue in the Lips market for the year 2024 is estimated to be US$0.68bn.
It is projected that the market will experience an annual growth rate of 2.25% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue generated in the Lips market, reaching US$4,000m in 2024.
In relation to the total population, the per person revenue in Russia's Lips market is US$4.75 in 2024.
Russian consumers are increasingly gravitating towards long-lasting, matte lipsticks that offer vibrant colors and a smudge-proof formula.

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.