You may believe that beauty is inherent and think that to be beautiful or to become beautiful, there is not much need for a makeup bag and the use of cosmetic and beauty products. However, respecting this belief of yours, the industry of producing cosmetic and beauty products is a significant financial sector, and even the beautiful people do not see themselves as exempt from using these products and productions. According to a report by the Research and Market Institute on the global beauty products market, the financial turnover of this market in the world reached about $380 billion in 2013. This report predicted that the size of the beauty and cosmetic products market would grow to $461 billion by 2018. Based on reports and forecasts from other institutions and considering different definitions and classifications of cosmetic and beauty products, the market value of this industry was estimated to be as high as $630 billion in 2017. But in the meantime, what is the share of Iranians in the consumption of cosmetic products? To find the answer to this question, I invite you to listen to the second episode of 'A, B, Economy.'
The Beauty Trade
The article discusses the significant financial impact of the beauty and cosmetic products industry globally, highlighting its growth and the estimated market values. It raises the question of how much Iranians contribute to this market, inviting listeners to engage further through a related podcast episode.
👥 Key Players
📰 What Happened
The article discusses the global beauty and cosmetic products market, highlighting its substantial financial growth and questioning the contribution of Iranian consumers to this market.
- The global beauty products market was valued at approximately $630 billion in 2017.
- The article invites listeners to explore the consumption of beauty products in Iran through a related podcast.
💡 Why It Matters
📚 Background
The beauty and cosmetic products industry is a multi-billion dollar global market that influences cultural standards of beauty and consumer habits.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%