According to the latest research from ‘Diagonal Report’, the success of beauty devices have created a mega category and are transforming the skincare market, particularly in the US, China and Europe.
According to the market researcher, the cosmetics and toiletries market surpassed pre-recession levels in sales with a robust growth of 4.2 percent, exceeding $38 billion at the manufacturers' level last year.
In a recent study carried out by market researcher Reportlinker, sales demand for cosmetic and toiletries is forecasted to rise by 5.0 percent per year to $9.9 billion in the US in 2016.