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Prestige beauty to post a 5.6% CAGR, according to AMR.
August 27, 2019
By: TOM BRANNA
Editor
Demand for prestige beauty products is growing around the world, even as signs point to a slowdown in the global economy. According to a new report published by Allied Market Research, global luxury cosmetics sales topped $52.7 million last year and are projected to reach $81.2 billion by 2026, a CAGR of 5.6%. Researchers credit the gains to demand for organic products, naturally-derived ingredients, the rise of e-commerce and a boost in disposable income in emerging markets....
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