We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Asia-Pacific Becomes Center Of Global Beauty Market

May 23, 2016: 12:00 AM EST
Asia-Pacific’s market for cosmetics is forecast to reach $126.8 billion by 2020, with a CAGR of more than 4 percent during the period, according to Apacmarket.com. Japan, the region’s top market, accounted for 28 percent of the total beauty market in 2014; however, other countries are fast catching up. Recognizing the trend, international brands are focusing on the region. For example, L’Oreal, which has been operating for more than 20 years in India, grew its local business by creating R&D centers in Mumbai and Bangalore. Factors driving growth in the region include the importance of skincare and makeup in letting women project their social status and the increase in cosmetics education and focus on one’s appearance brought about by social media.
Lisa Doyle , "The Beauty Agenda Shifts East", GCI Magazine, May 23, 2016, © Allured Business Media
Domains
BEAUTY BUSINESS
Brands
Consumers
Market News
Marketing
Trends
Geographies
Worldwide
Asia-Pacific
India
Japan
Categories
Companies, Organizations
Market News
Marketing & Advertising
Trends
Developed by Yuri Ingultsov Software Lab.