Global Cosmetics Market Poised for Significant Growth
Market Size and Growth Projections
The global cosmetics market is expected to experience substantial growth in the coming years. Driven by increasing consumer demand for skincare, makeup, and haircare products, the market is projected to reach a value of $580 billion by 2027, growing at a rate of 6% per annum.
Key Market Trends
The growth of the cosmetics market is attributed to factors such as the increasing popularity of online shopping, the rise of e-commerce beauty brands, and growing awareness about personal care and grooming.
Komentar