If SO, the beauty industry is a Great Industry to be involved with. The beauty industry is known to be resistant to impervious to the Ups + Downs of economy cycles. Economic downturns – even farming well during the Great Recession of 2008, In todays era with rising per capita income the beauty business is BOOMING.
The global cosmetics on beauty products market was valued at USD 532.43 Billion in 2017 and is expected to reach a market value of USD 805.61 Billion by 2023 *
There are a number of trends within the industry that is driving the growth, the key ones are:-
- Natural, organic products that are produced in sustainable environmental condition
- Products for aging Population like anti oxidating skin moisturisers
- Products focused on babies and young children
- Products specially for men