Mineral powder makeup and eyeliner products for men are getting a boost.
The cosmetics industry is expected to grow by 20% by 2021, up from 11% a year ago, according to a new report from Euromonitor International.
The number of companies selling men’s products grew by 20%, from 3,800 in 2020 to 6,400 last year, and the number of makeup and nail salon companies selling women’s products rose by 20%.
The report also showed a huge increase in the number for both men and women who use makeup and hair products, up 6% from 2020 to 2024.
The growth in makeup and other beauty products has come from both consumers and retailers, as consumers increasingly see products as a convenient way to enhance their look and look professional.
But a recent report from the World Economic Forum found that women’s beauty products are not benefiting as much as men’s due to the lack of products for them.
According to the study, there were 7.5 million cosmetic products for women worldwide last year compared to 6.5 billion for men.
It found that “many women are using products that they would not wear to a casual night out with friends, and many men are not using products to enhance facial appearance.”
But women and girls are the ones who suffer most from the lack, according the report.
“A large proportion of women’s cosmetic products are sold only to girls and women under 25 years old, and this is reflected in the fact that they are the least likely to purchase cosmetics and hair care products of any gender,” it said.
The report, which examined the industry’s growth, also highlighted the growing popularity of the beauty industry in Asia, where a growing number of women are choosing to go without makeup and accessories.
More women are also buying products with fewer ingredients and less fragrance, which are seen as healthier alternatives.
“More and more consumers are using less-toxic and more natural products,” the report said.
However, the study pointed out that while the number one cause of women not purchasing cosmetics or hair care is fear, the cosmetics industry has not made strides to solve that issue.
A spokesperson for Euromonitors International told The Jerusalem Press that while there are growing concerns around the quality of products, the growth of the cosmetics and cosmetic industry is still on track.
“There are more than 20 million cosmetics and beauty products sold globally in 2020.
This means that approximately one third of the global cosmetics market will be sold by 2019,” the spokesperson said.
“There are now more than 8.5 trillion dollars of cosmetics and cosmetics products globally.”
According to Euromonitus, there are more women than men in the world.
It found that the average age of women increased from 19 to 23, which was a marked increase in just five years.
But despite the growth, the number and percentage of women who own cosmetics, nail polish and hair are still declining, while men have been steadily gaining.
According the Euromonits report, women in the United States spent $1,738 on cosmetics in 2020, while women in Australia spent $3,539 on cosmetics.
In 2018, women earned $1.1 trillion from cosmetics, while the figure for men was $1 trillion.
The study noted that although women make up the majority of cosmetic sales, they still have a large share of the overall cosmetics market.
“The gap is wider for men, as women are the biggest spenders,” it noted.
According as the cosmetics market is expected in 2020 of $18.4 trillion, women will earn $8.2 trillion from the cosmetics business.