Q4 2021 forecast shows slight downgrade in global beauty, but most of the top 10 beauty markets were upgraded for 2025 projections in Q4 2021. A higher anticipated growth in beauty and personal care in 2021 reflects the ongoing global economic recovery, which, despite the circulation of the Omicron variant of COVID-19, is expected due to wider vaccine availability. However, rising inflation across FMCG adds pressure on beauty players to compete for consumers’ discretionary spend.
This report comes in PPT.
Regularly updated retail market forecasts to reflect latest macro expectations (eg quarter-on-quarter real GDP growth revisions) for all markets.
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This is the aggregation of baby and child-specific products, bath & shower, deodorants, hair care, colour cosmetics, men's grooming, oral hygiene, fragrances, skin care, depilatories and sun care. Black market sales and travel retail are excluded.
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