Global Luxury Cosmetics Market (2019-2025)
. Luxury cosmetics mainly cover skincare, makeup products, hair care, and fragrances.
By: Bharat Book Bureau
Luxury products have risen up to be a lucrative industry specifically in the North America and Europe region, due to the high consumer purchasing power in the countries of these regions. However, the popularity of luxury cosmetics has extended across the Asian countries as well owing to the increasing disposable income and the prevalent skin and hair care trends in the region.
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The urbanization is broadening rapidly, and so is the disposable income in growing economies. In par with this trend, the demand for natural & organic cosmetics is rising remarkably with a surge in online retail. These are significant factors that have boosted the growth of the luxury cosmetics market across the globe.
The industry players emphasize on the prevalent factors that have constantly contributed towards an increase in the adoption of luxury cosmetics. These include growth in upper-middle-
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Page Updated Last on: Dec 10, 2019