The Cosmetic Industry: The Growth Of The Beauty Industry

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Now, at the start of the 19th century, the world of beauty market has boosted up and become so popular that almost everyone knows. The growth of the world beauty market has closely linked to the globalization waves (Jones, 2011). Global beauty market has increased by 4.5% annually on average. Growing consumer incomes and lifestyles change are driving the world beauty products industry which is aimed to hit around 265 billion USD by 2017 (Leopairote, 2015). From the past information, the World War 1, World War2, democratization, or even globalization today, many brands have come up due to many factors including, industrial development, economy, communication, trade, and purchasing power (Kapferer & Bastien, 2009). And from these important factors impulse people to be customary with worlds’ beauty care brands. Thus, the cosmetic industry is a very profitability, innovative fast paced industry that make the potential of markets so huge in the forthcoming (Kumar, Massis, & Dumonceaux, 2006). From the …show more content…

Particularly, great care and skin treatment are aimed to make skin healthy and smooth always. There are many different types in cosmetics industry including cosmetic of hair, lotion, cosmetic of eyes, cream and so on. The types are found on their function to various groups of product in each country. The main issues concern about people’s daily life that they face pollution in their surrounding environment that can cause problem to skin. From the report, amongst these various products, skincare products were the greatest popular products and became the main trend in the global cosmetics market and industry. In addition, the Asia Pacific Zone was really the huge market about 40% in the total value of global skincare product market. As the result, the skincare product could be prospective to be a huge and potential market in this zone (Liang,

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