The cosmetic industry is growing at a rapid pace. The demand for all types of cosmetic products is ever increasing from varied sections of population. The demand for premium cosmetics is expanding everywhere including the middle class of developing countries.
Cosmetics industry includes a vast array of businesses such as anti-aging clinics, aromatherapy, beauty salon, beauty spa, cosmetic store, hair salon and even makeup artists are part of it. If you are planning to start a cosmetic business, there is an immense scope for growth, provided you proceed in a planned way.
According to marketresearch.com, the U.S cosmetic market is estimated to have generated a revenue close to $62 billion in 2016. The global cosmetic market is expected to garner $429.8 billion by 2022. Such statistics clearly reveal that there is plenty of business opportunities in the cosmetic industry. This also shows that your small cosmetic business can start making profit shortly.