The global cosmetics market was valued at USD 254.08 billion in 2021, and it is anticipated that it will expand at a CAGR of 5.3% from 2022 to 2028. One of the key factors driving market expansion over the forecast period is the significant rise in consumer adoption of skincare and personal care products, coupled with an ageing worldwide population. The hair care industry is predicted to experience strong revenue growth between 2022 and 2028, at a CAGR of 6.2%.