According to the experts, the global k-beauty market is expected to show a massive boost of 11.3% before 2026.
L’Oréal will stay on top of cosmetic companies with more than $30 billion as its annual revenue. According to the world atlas, Asia and Oceania will become the biggest consumers of skincare products.
The Indian cosmetics market will grow as much as $20 billion by 2025.
The African beauty industry will grow faster than the global average. Professionals expect the African beauty industry to go as high as $6 billion by 2024.
Sephora will maintain its position as the number one beauty retailer in the world. The Global natural cosmetics market will observe an immense boost of approximately $20 billion by 2027.
The online cosmetics industry will continue to grow in the future.
The global skincare market will contribute more than $150 million post-pandemic.
The makeup segment will decrease, whereas skincare items will increase in the future.
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