Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Belarus

Belarus

in Belarus, being a part of the global Lips market, has witnessed significant revenue growth in recent years.
In 2024, the revenue in this market reached an impressive €14.96m.
Looking ahead, the market is projected to continue its upward trajectory with an annual growth rate of 3.55% (CAGR 2024-2029).
When comparing the revenue generated in Belarus to other countries, it is noteworthy that in the United States leads the pack with a staggering revenue of €3,671m in 2024.
This highlights the dominant position of the US in the global Lips market.
To put the revenue figures into perspective, it is important to consider the per capita revenue generated in Belarus.
In 2024, the per person revenue amounted to €1.58.
This indicates the economic potential and market demand for Lips market products in the country.
In Belarus, the lips market is experiencing a surge in demand for natural and organic lip care products.

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.