Frequently Asked Questions:
The COVID-19 pandemic has wreaked havoc on the cosmetics and beauty industries. Store closures as a result of rigorous lockdown procedures had severe results, with global sales falling by 60-70 percent between March and April 2020.
In terms of both value and volume, Asia Pacific held the largest proportion of the worldwide cosmetic skin care product market.
The rising quality of life, the favorable impacts of beauty and personal care on self-esteem and social connection, and the progressive consumer trend toward premium and luxury cosmetic brands are all expected to drive market expansion throughout the projection period.
Skin moisturizers are likely to account for a significant portion of the market. They’re used for moisturizing, brightening, tan removal, acne treatment, oil reduction, dark circle removal, sleep cream, and sun protection, among other things.
In 2021, Beauty Specialist Retail Outlets held a significant share of the global market, and this dominance is expected to continue during the forecast period.