The beauty industry refers to the global sector that encompasses the production, marketing, and sale of products and services related to personal care, cosmetics, skincare, haircare, and fragrance. This industry includes a wide array of items such as makeup, lotions, shampoos, perfumes, and other beauty-enhancing products. It also covers services like hairstyling, spa treatments, and aesthetics, which are aimed at improving or enhancing an individual’s appearance. The beauty industry is driven by trends, consumer preferences, and innovations in product formulation and design, often influenced by cultural, social, and technological factors. It plays a significant role in the economy, involving a vast network of manufacturers, retailers, and service providers.
The global beauty market hit **$446 billion** in 2023, highlighting significant growth in regions like the Middle East and Latin America. Procter & Gamble leads the market, with a **2%…