Asia-Pacific Dominates Global Cosmetics Market
2024-11-27
With the continuous development of the global economy, the scale of cosmetics consumption in various regions around the world has shown a good growth trend.
In 2022, the global cosmetics industry market size exceeded 30 billion US dollars, and it is expected to break through 32 billion US dollars in 2023.
Among them, the Asia-Pacific region, represented by China and India, has a prominent increase in economic development level.
The rapid improvement of residents' consumption levels has driven the rapid growth of cosmetics consumption scale in the Asia-Pacific region.
At present, the Asia-Pacific region has become the largest cosmetics consumption market in the world, with a proportion as high as 57.69%,
followed by North America and Europe, with proportions of 16.62% and 16.31%, respectively.
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