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New report shows that brand recognition, digitalization and the rising awareness among consumers about premium ingredients will account for a positive shift.
October 7, 2022
By: Melissa Meisel
The global prestige cosmetics market is expected to grow at a compound annual growth rate (CAGR) of 7% by 2029, according to a new report from FactMR. Despite issues in global trade and worldwide economic uncertainties, the overall trajectory for the premium cosmetics market is largely positive, said the report. In the past few years, premium cosmetics brands have made substantial shifts in business strategy, which has been influenced by a number of factors including higher disposable incomes...
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