Cosmetics Market research

Cosmetics Market research

Author:Kasey Beauty Time:2023-6-9

Here are some key points:

According to a report by Grand View Research, the global cosmetics market size was valued at USD 603.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. The report also highlights the increasing demand for cruelty-free and vegan products, which Kasey Beauty can produce cosmetics products that can meet those requirements. Additionally, a survey by Statista found that 44% of women in the United States wear make-up every day, indicating a consistent demand for skincare and makeup products.

Cosmetics Market research

 

 

Furthermore, the target audience of working women is a lucrative market as they have busy lifestyles and are willing to invest in affordable luxury products that fit their needs. According to a report by Mckinsey & Company, women are the primary earners in 40% of households in the United States, indicating their purchasing power. Additionally, working women are more likely to prioritize self-care and beauty routines to maintain a professional appearance.

In conclusion, the cosmetics industry is a growing market with a consistent demand for skincare and makeup products. Our products can be fully customized. In Kasey Beauty, the products we producing that are cruelty-free and vegan, and affordable luxury aligns with current market trends and the needs of working women.

Any inquiries for private label cosmetics service, please feel free to contact us

 

 

 

 

 

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