Type and Geography, a market research firm, shared its Luxury Cosmetics Market report.
The research report revealed that the luxury makeup industry is to witness an accelerating growth momentum at a CAGR of 7.77%. The report sheds light on the fact that around 51% of the market’s growth will come from APAC during the predicted period. China and Japan are regarded as the largest markets for luxury cosmetics in APAC. Top brands that would see growth include Christian Dior, Loreal, Kao Corp, Kose Corp, La Mer Technology Inc., LVMH Moet Hennessy Louis Vuitton and Laura Mercier.
