Cosmetics Consumption Market Trends, Forecast 2023-29
The global cosmetics consumption market size was valued at USD 402.3 billion in 2021 and is poised to grow at a significant CAGR of 5.6% during the forecast period 2023-29. Skincare, hair care, make-up, perfumes, toiletries and deodorants, and oral cosmetics are the main product categories of the cosmetic market. Skincare was the leading category, accounting for about 39 percent of the global market. Hair care products made up a further 21 percent, while make-up accounted for 19 percent. Skin care has been forecast to remain the most profitable product category.