COSMETICS MARKET ANALYSIS
The global cosmetics market size was valued at US$ 289.2 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.3 % from 2023 to 2030.The cosmetic industry is witnessing boom due to increase in per capita spending among the individuals on cosmetic and personal care products.
Global Cosmetics Market Trends:
Integration of technology and cosmetics
Technology is being integrated with beauty products, with innovations such as personalized skincare regimens is gaining traction. Also Consumer market is experiencing shift towards more sustainable and environmentally friendly products.
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