Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Philippines

Philippines

In 2024, the revenue generated in the Lips market in the Philippines amounts to US$164.90m.
It is projected to experience an annual growth rate of 1.65% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in the Lips market with US$4,000m in 2024.
In terms of per capita figures, in the Philippines generates per person revenues of US$1.39 in 2024.
The demand for organic and natural lip products in the Philippines has significantly increased in recent years, reflecting the country's growing interest in sustainable and eco-friendly beauty choices.

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.