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Asia Is World's Second-Biggest Cosmetics Market, Analysts Say

June 11, 2015: 12:00 AM EST
Asia-Pacific is the second largest market for cosmetics after Europe, according to ApacMarket.com. Data from the market research firm revealed the region's beauty market is forecast to reach $126.8 billion in value by 2020, expanding with a CAGR of 4.02 percent. Asia is one of the most diverse and dynamic cosmetics markets in the world, ApacMarket.com analysts said. Market growth is driven by several factors, including the growing demand for personal care products, such as body moisturizing lotions, sunscreens, and facial wipes. Growing demand for make-up products for men is also fueling growth.
Michelle Yeomans, "Asia's the second largest cosmetics market after Europe, experts report", Cosmetics Design , June 11, 2015, © William Reed Business Media SAS
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