The Global Premium Cosmetics Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
Growing demand for premium cosmetics due to newly introduced packaging innovation, and rising natural-ingredient based products, and expansion of the personal care industry in new regions of Asia Pacific region remain key drivers of growth in the premium cosmetics market. Premium cosmetics have witnessed major growth in recent times, despite events like the COVID-19 pandemic. This is largely because personal cosmetics remain a key part of self-esteem, and confidence build-up for individuals. The trend will likely continue as historical forecasts in the market dictate that during economic downturns, cosmetics remain resilient in demand. Moreover, the pandemic, and economic recovery will continue till 2022 end, as new coronavirus strains continue to make their way into the global landscape.
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