580 billion by 2027
Description
According to McKinsey's new "State of Beauty 2023" report, the beauty market will have generated revenues of around $430 billion in 2022 and is expected to reach around $580 billion by 2027, with growth forecast at 6% a year, driven by the premium segment (+8%).
Read more: https://www.mckinsey.com/industries/retail/our-insights/the-beauty-market-in-2023-a-special-state-of-fashion-report
Source : Mckinsey
