With a growing number of consumers around the world moving into the middle class and becoming more concerned about their appearance, global demand for beauty products is projected to post a 6.3% compound annual growth rate to reach $635.7 billion by 2019, according to a new study by MarketsandMarkets, Dallas, TX.
According to researchers, the cosmetic products market is projected to grow with changing trends in using beauty products and increasing consciousness about appearance. The types of cosmetic products include fragrances, color cosmetics, bathing shower gels, along with skin care, hair care, personal hygiene oral care, and feminine hygiene products.
More info: www.marketsandmarkets.com
Cosmetics Market To Top $635 Billion by 2019
Published April 15, 2014
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