Cosmetics Consumption Market Size is expected to be valued at USD 402.3 billion in 2022 and is expected to grow at 5.6% CAGR over the forecast period 2022-2028. It has been estimated with a significant growth with the help of key drivers which include rise in disposable income, demand for the skin care products, change in lifestyle. There are few restrain which hamper the growth are advanced beauty treatment, severe side effects and high cost of certain product. Use of natural ingredients in the cosmetics products provide a sustainable opportunity towards the global cosmetics consumption market.The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global cosmetics consumption market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global cosmetics consumption market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global cosmetics consumption market.
In March 2015, Unilever acquired REN Skin care; the acquisition would help Unilever to increase their customer base for skin care segment
In Dec 2014, Skin Food Brunei launched series of Premium Lettuce and Cucumber Watery line, which is customized for dry skin.