Market Insights Consumer Beauty & Personal Care Cosmetics

Lip Cosmetics - Nigeria

Nigeria

In Nigeria, the revenue generated in the Lips market in 2024 amounts to €0.52bn.
It is anticipated that the market will experience an annual growth rate of 13.74% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the Lips market, with €3,710m in 2024.
In terms of per capita revenue, in Nigeria, each person generates €2.26 in the Lips market in 2024.
Nigeria's growing middle class is driving demand for high-quality lip products, creating a lucrative market for both local and international cosmetic brands.

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

Mercado

Región

Comparación de regiones

Moneda

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.