Latin America Lip Powder Market Size & Outlook, 2023-2030
The lip powder market in Latin America is expected to reach a projected revenue of US$ 80.0 million by 2030. A compound annual growth rate of 5.4% is expected of Latin America lip powder market from 2024 to 2030.
Revenue, 2023 (US$M)
$55.2
Forecast, 2030 (US$M)
$80.0
CAGR, 2024 - 2030
5.4%
Report Coverage
Latin America
Latin America lip powder market, 2018-2030 (US$M)
Latin America lip powder market highlights
- The Latin America lip powder market generated a revenue of USD 55.2 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, palette was the largest revenue generating product in 2023.
- Palette is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 55.2 million |
| Market revenue in 2030 | USD 80.0 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Palette |
| Fastest growing segment | Palette |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Palette |
| Key market players worldwide | The Estee Lauder Companies Inc Class A, Shiseido Co Ltd, Revlon, Sephora |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.8% of the global lip powder market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 225.7 million by 2030.
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Lip Powder Market Scope
Lip powder market segmentation & scope
Distribution Channel
Online
Offline
Countries
U.S.
Canada
Mexico
Germany
France
Italy
UK
Spain
India
China
Japan
Argentina
Brazil
Saudi Arabia
South Africa
Lip Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America lip powder market
Related regional statistics
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