The Future of Cosmetics

The beauty industry can be traced back to 4,000 BC when ancient Egyptians used kohl (a fine black powder) and other natural minerals to accentuate their eyes. In those days, cosmetics products were widely adopted by both men and women, and purchased in the local marketplace or made at home. Today, the beauty industry is worth a whopping $287.94 billion (about $890 per person in the US) dollars. By 2028, this number is expected to increase to $415.29 billion (or $1,300 per person in the US) dollars. On a global level, the lipstick market is expected to have a 10% CAGR in the coming years, with an overall estimated market value of $16 billion by 2025. These upward trends are a result of growing urbanization, an emerging market focus, and the rising power of consumers. For example, the popularity of the lipstick market can be attributed to lifestyle shifts like remote work trends, the use of video conferencing for everyday meetings, and social media influencers like Kylie Jenner.

There is constant research being done on cosmetic products and how to improve them. one of the new topics of focus is the recent boom of allergies to certain lipsticks, shampoos, and other products. This has forced companies and researchers to look at what is in our products and change what is causing the harm. Since 2020, the allergy modified cosmetic industry has grown 360%. People have sensitive skin, and it is smart that the cosmetic industry is taking the strides to be healthier and allergy friendly.

L’Oréal Corporation is still the king of cosmetics. The research, litigation, licensing, citations, and patents L’Oréal is involved with influence the enterprise cosmetics industry. For example, right now L’Oréal is exploring how adult skin responds to acute stress and short-term environmental factors. This research project, run in partnership with the French National Institute for Health & Medical Research and the University of Western Ontario, will undoubtedly change how L’Oréal and other cosmetics companies develop skin products in the future. There has also been a rise in personalized cosmetics. With everyone’s skin and hair being different and unique, this comes as no surprise. Personalized cosmetics may be more expensive and harder to access, but the benefits can be well worth it.

The future of cosmetics includes more friendly ingredients, more personalized products, and more eco-friendly packaging. This massive industry is doing its best to change with the times and keep customers happy.


Join Our Mailing List

    Recent Articles

    New “Watercolor Tear” Makeup Trend This Summer

    One such captivating trend that has caught the attention of makeup enthusiasts and professionals alike is the watercolor tear duct eyeshadow trend. This innovative and artistic approach to eye makeup allows for endless creativity and experimentation, bringing a pop of color and a touch of whimsy to any look this summer.

    Classic 90’s makeup and fashion looks coming back into style in 2023

    As far as beauty trends go, that’s exactly what this year is all about. Classic ’90s looks that involve smokey shadows and hints of metallic get softened and more lived-in for 2023. As far as skin goes, get ready to keep the focus going on maintaining healthier skin and adopting a more streamlined routine.

    TikTok and Plastic Surgery: A Worrying Trend

    When you look at the culture of cosmetic surgery promotion on TikTok, pushed heavily by arguably predatory plastic surgeons and influencers trying to push an unattainable standard, it’s not hard to see why so many people, teens and young adults in particular, are struggling with mental health and self-esteem. Getting cosmetic work done is a personal choice, and at the end of the day, you have the right to it–but for the sake of your self image, it’s always best to consider the nuances and consequences of social media’s influence on your desire for permanent change.

    Beyoncé teases new hair-care venture on Instagram

    Singer, actress and fashion icon Beyoncé hints she’s adding a new title to her resume: hair-care brand founder. The singer, who is in the middle of her Renaissance World Tour, announced on Instagram on Tuesday that she is foraying into the world of hair care.

    Makeup for Men: DOs & DON’Ts for Beginners

    It might come as a surprise, but men have been wearing makeup for most of recorded history. Although the practice may not be as common today, shifting views on gender norms have increased interest in men’s cosmetics, both as a form of personal expression and to look one’s best.

    Hey! Are you enjoying NYCTastemakers? Make sure to join our mailing list for NYCTM and never miss the chance to read all of our articles!