Escalating Demand in Cosmetic Skincare Products Boosting Growth in Multi-billion Dollar Industry
Revlon, Inc. New (REV)
Last revlon, inc. new earnings: 11/8 07:30 am
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Source: PR Newswire
PALM BEACH, Florida, May 7, 2020 /PRNewswire/ -- The global skin care products market is rapidly expanding and is projected to continue for the next several years. The market is projected to reach USD $183.03 Billion by 2025 expanding at a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Escalating demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market over the forecast period. Moreover, growing e-commerce sector is anticipated to boost the market growth further. Technological and product innovations have led to increased demand for skin care products. There is a wide variety of products available on the market including sunscreens, anti-ageing creams, body lotions, and skin brightening creams. Rising awareness regarding the various benefits of using personal care products has resulted in a rise in their demand over the last few years. This has also boosted the demand for natural and organic skin c
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