In recent years, consumers have been spending higher levels of disposable income on cosmetics than they had in the past. The global cosmetics industry is broken down into six main categories skin care being the largest one out of them all, accounting for 36.1 percent of the global market in 2016. Since the early twentieth century, the production of cosmetics has been controlled by a handful of multi-national corporations. cosmetic industry is estimated to amount to about 49.2 billion U.S. This statistic depicts the total revenue of the cosmetic industry in the United States from 2002 to 2019 and provides a forecast for 2020.
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