Skin and hair care, makeup, personal hygiene, and perfumes: the term “cosmetics” commonly refers to consumer products used by both men and women for beauty and personal care purposes. Dating back to ancient Egypt, the application of cosmetic products developed into a global industry, which in years before the COVID-19 pandemic grew at an annual average pace of around 4.1 percent. In 2020, however, this positive trend experienced a significant revert when the size of the global beauty market shrank by eight percent. A similar development was registered in Mexico as the economic effects of the COVID-19 pandemic unfolded. Between 2019 and 2020, this North American country’s cosmetic industry recorded a contraction of 5.3 percent.
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In the following 6 chapters, you will quickly find the 31 most important statistics relating to "Cosmetics industry in Mexico".