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According to a new report from Research and Markets, “World Cosmetics Market—Opportunities and Forecasts, 2014-2022,” the cosmetics market is estimated to reach $429.8 billion, with a CAGR of 4.3% from 2016 to 2022.
In 2015, Europe dominated the global cosmetics market and is expected to maintain its position throughout the analysis period. Data shows skin care, sun care, and hair care products, which are all part of a daily usage program, collectively accounted for nearly 3/5 of the global cosmetics market revenue in 2015.
Retail was the highest revenue-generating segment, which accounted for an 89% share of the overall market revenue in 2015. However, Research and Markets says the online sales segment is projected to grow at a faster rate due to the increasing reliance on e-commerce.
In 2015, Europe dominated the global cosmetics market and is expected to maintain its position throughout the analysis period. Data shows skin care, sun care, and hair care products, which are all part of a daily usage program, collectively accounted for nearly 3/5 of the global cosmetics market revenue in 2015.
Retail was the highest revenue-generating segment, which accounted for an 89% share of the overall market revenue in 2015. However, Research and Markets says the online sales segment is projected to grow at a faster rate due to the increasing reliance on e-commerce.
