The data displays the annual growth rate of the global cosmetics market from 2004 to 2017. In 2016, the global cosmetics market grew by an estimated 4.0% compared to the previous sales year.
Global Cosmetics Market
Since the early twentieth century, the production of cosmetics has been controlled by a handful of multi-national corporations. The global cosmetics industry is broken down into six main categories; skin care being the biggest one out of them all, accounting for 36.4% of the global market in 2016.
In recent years, consumers have been spending higher levels of disposable income on cosmetics than they had in the past.
