Cosmetics Market Registering a 4.3% CAGR to Reach $429.8 Billion, by 2022Posted by On

Cosmetics Market

Cosmetics Market

Various categories of cosmetics and their current market trends are elaborated in this section.

PORTLAND, UNITED STATES, UNITED STATES, October 3, 2020 / — Cosmetics Market is projected to reach $429.8 billion, with a CAGR of 4.3% from 2016 to 2022, according to new research published by Allied Market Research. In 2015, Europe dominated the global cosmetics market and is expected to maintain its dominance throughout the analysis period. Skincare and sun care, and hair care products are widely used cosmetics, collectively accounting for nearly 3/5th of the global cosmetics market revenue in 2015, as they play a major role in daily healthcare regimen of the individuals.

Factors such as rising awareness about overall appearance among individuals, increase in disposable income, and rising demand of natural cosmetics among others are driving the market growth.

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