Tag: Consumer preferences
What is the size of beauty products market?
The beauty products market is an ever-growing, multi-billion dollar industry. It encompasses everything from makeup and skincare to haircare and fragrances. In the United States alone, the market is expected to reach $90 billion by 2026, with a compound annual growth rate of 5.6%. Globally, the market size is estimated to reach $800 billion by 2027. The growth of the industry is driven largely by changing consumer lifestyles, preferences and trends, as well as innovation and technological advancements.
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