Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Angola

Angola

In Angola, the revenue generated in the Lips market is estimated to reach €48.05m in 2024.
This market segment is projected to experience an annual growth rate of 7.15% (CAGR 2024-2029).
When compared on a global scale, in the United States leads with the highest revenue in the Lips market, amounting to €3,671m in 2024.
In terms of per capita figures, the revenue generated per person in Angola's Lips market is approximately €1.27 in 2024.
The demand for high-quality lip products in Angola is on the rise as consumers are increasingly focusing on self-care and personal grooming.

Key regions: United Kingdom, United States, India, United Arab Emirates, Indonesia

Marché

Région

Comparaison de régions

Monnaie

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.