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Luxury Cosmetics: How will the global market for beauty and personal care products evolve between 2020 and 2025?

Luxury Cosmetics: How will the global market for beauty and personal care products evolve between 2020 and 2025?

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ReportLinker recently published a report on the global market for beauty and personal care products: its growth, trends, and forecasts. Analysis.

 

In France and around the world, the beauty, cosmetics and personal care sector has been booming for several years. The main factors behind this growth are: the improvement in quality of life, the known positive effects of beauty and personal care on self-esteem and social life, and the progressive direction taken by consumers towards premium and luxury cosmetic brands.

 

The beauty sector is one of the most impacted by the wave of “natural” and the trend of “consuming better“. In addition, the world market for natural cosmetics is estimated at 48 billion dollars in 2024. Not to mention that its turnover increased by 8.8% between 2018 and 2019. Among the major players:  L’Oréal SA, Estée Lauder Inc, Procter & Gamble Co. and Unilever.

 

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Featured photo: © Natural cosmetics

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