GLOBAL NATURAL COSMETICS CONTINUE TO SURGE
*According to a report by Premium Beauty News, the global natural cosmetics products are expected to reach $54.4 billion by 2027, at a CAGR of 5.2%, from an estimated market size of $34 billion in 2018. The growth is primarily due to growing consumer awareness regarding the side effects of harmful chemicals along with the circulation of information concerning benefits of natural ingredients. The reports also points out that Europe will be the largest consumer of natural cosmetics followed by the United States.
This is a positive signs that shows the cosmetics industry has high potential for business owners. Therefore, COSMEX 2019 will offer a vial formula to success for 6,000 cosmetics professionals seeking to expand into new potential markets. It's the community platform for new product creations, service and product showcase as well as networking opportunities with local and international buyers, including within ASEAN, Asia and beyond.
*(Source: Premium Beauty News, February 2019)