Rising disposable incomes and a burgeoning middle class are set to spur the Asia-Pacific (APAC) make-up sector at a compound annual growth rate (CAGR) of 6.5% from US$17.7bn in 2020 to US$24.3bn in 2025 , says GlobalData, a leading data and analytics company.
GlobalData’s report, ’Asia-Pacific Make-up Sector to 2025 – Market Size, Growth Analysis, Challenges and Future Outlook’, reveals that the face make-up category, which led the sector in value terms with 47.9% share in 2020, is projected to register highest value CAGR at 6.9% over 2020-2025.
The report identifies South Korea, Thailand, China and Australia as the high-potential countries based on GlobalData’s unique …
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