Beauty & Cosmetics Industry | Market Research 2023–2025
Market Landscape & Trends Global: The global beauty and cosmetics market is huge and growing. Industry analysts estimate it at roughly US$336–420+ billion in 2024 (depending on source) fortunebusinessinsights.com imarcgroup.com , with 5–7% annual growth. Skincare now accounts for ~40% of sales, makeup ~17% loreal-finance.com . The sector is resilient (withstanding economic slowdowns) loreal-finance.com and premiumizing (premium beauty growing ~8% annually vs ~5% for mass mckinsey.com ). Importantly, e-commerce is booming: beauty e‑commerce share tripled in recent years, exceeding 20–27% of sales by 2022–2023 mckinsey.com loreal-finance.com . Global forecasts project the market reaching ~$580B by 2027 mckinsey.com . Major multinational players dominate (L’Oréal ~$40B, Estée Lauder ~$16B in 2023) loreal-finance.com loreal-finance.com , but nimble indie brands and new entrants are proliferating. South Asia & MENA: The Asia-Pacific region (especially China, India) and Mi...