Luxury Cosmetics Market Size is Expected to Reach US$ 64.55 Billion by 2027| Growing at 5.10% CAGR
According to the latest report by IMARC Group, titled “ Luxury Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” offers a comprehensive analysis of the industry, which comprises insights on the global luxury cosmetics market share . The report also includes competitor and regional analysis, and contemporary advancements in the market. The global luxury cosmetics market reached a value of US$ 47.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 64.55 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Luxury cosmetics are produced using high-quality ingredients and are extensively available in advanced packaging. They include haircare, fragrances, skincare and makeup products that are expensive as compared to drugstore cosmetics. They provide consistency, longevity and superior quality, which have an observable effect on the ski...