Global Beauty And Personal Care Markets Grew In 2016, Report Says

In 2016, the world market for beauty and personal care products grew 5 percent, compared with the previous year, according to the 2017 edition of Euromonitor International. Data from the market research firm revealed that, for the second consecutive year, the premium segment of the market performed better than the mass market by almost 6 percent. Brazil and Russia grew 4.8 percent and 9.8 percent, respectively, restoring the countries as among the strongest growth markets. Also, India and Indonesia posted growth, jumping 9.2 percent and 10.6 percent, respectively. Color cosmetics grew 7.2 percent, adding to the 6 percent growth the segment posted in 2015.