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Luxury cosmetics sales worldwide to clock $55.6B this year: report

The design of the Dior Rouge Ultra Care Liquid 999 Bloom applicator lies behind its micro-flocked petal shape, which provides a soft sensation and precise application. It also delivers exactly the right amount of color. Image credit: Christian Dior The design of the Dior Rouge Ultra Care Liquid 999 Bloom applicator lies behind its micro-flocked petal shape, which provides a soft sensation and precise application. It also delivers exactly the right amount of color. Image credit: Christian Dior

 

A new report claims that the global luxury cosmetics market will reach $81.24 billion, posting a 5.6 percent compounded annual growth rate.