Increasing beauty consciousness among the populace in emerging economies is boosting growth of the premium cosmetics market. Increasing inclination of males towards overall body care coupled with social trends related to beauty and cosmetics, is also fueling market growth.the men’s grooming products sector is expected to witness significant growth, exhibiting a CAGR of 8.91% over 2018 and 2025.
The skin care segment is expected to hold the largest market share over the forecast period. Leading market player such as L’Oreal S.A. generated 37% of its annual revenue in 2017 from its skincare segment. The company has identified the segment as a high growth segment and launched multiple products to boost its sales.
Article posted in Health, Fitness, Nutrition Anti-aging Tools and Secrets