29 Sep 22 | ET: 01:20 PM - 29 Sep 22 | ET: 01:35 PM
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At a global level, post-pandemic recovery in 2022 was tempered by deceleration, in constant terms, driven by high inflation, rising unit prices and strained supply chains. Euromonitor International takes a deeper look at five key trends that are adding value for consumers and impacting beauty consumption.
Skinification is rapidly spreading across beauty and personal care. Euromonitor International explores the US consumer interest in skinification supported by self-care trends, highlighting future opportunities for players.
CosmeticBusiness is a unique source of new cosmetic product ideas, pooling the entire network to efficiently conceptualise and implement them.
As beauty and health products become more expensive amid high rates of inflation globally, consumers are forced to be more selective about the products they spend their money on. The result has been a polarisation of spending across the product categories.
The COVID-19 pandemic and related restrictions sent shockwaves through China’s beauty and personal care industry in 2022 and crippled consumers’ beauty spending. But with the lifting of zero-COVID measures in December 2022, the market heads into 2023 with strong signs of recovery.
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