With 42% of the market, skin care is the most dominating segment of the beauty industry.
As people worldwide prioritize self-care and wellness, skin care has become more of a need than a luxury. In fact, in 2023, the skin care industry is expected to generate US$155.70 billion in revenue, and Statista predicts it to expand by 3.64% each year (CAGR 2023-2028).
