Covid-19 sees the global beauty industry contract by 2% in 2020 with the forecast period impacted by slowing growth. Colour cosmetics and fragrances were particularly hard-hit while bath and shower, and skin care remained resilient. Asia Pacific remains a bright spot for the industry due to faster recovery from the pandemic, whilst North America and Western Europe see their economies suffer.
Amy Rollinson
Analyst Beauty & Fashion
Euromonitor International
Euromonitor International
Euromonitor International