In a fast-paced, ever-changing world, the consumer goods industry remains at the forefront of innovation. As technology advances and consumer preferences evolve, businesses in this sector must stay ahead of the curve to remain competitive and relevant.

The global cosmetology and medical aesthetic market is rapidly evolving, with new trends and insights emerging across different segments. A recent study by iData Research on the $16.5 billion global cosmetology and medical aesthetics market covering 70 countries across 5 continents has revealed interesting trends in areas such as injectables, minimally invasive procedures, and surgical cosmetic implants.

The cosmetics industry is constantly evolving and adapting to changing consumer preferences, advances in technology, and shifting economic conditions. As we look ahead to the next year and beyond, there are several key trends shaping the future of the cosmetics industry.

The COVID-19 pandemic greatly influenced consumer behavior for the last two years, but in 2022, the central concern will increasingly be the cost of living, according to research cited in a recent podcast by Mintel titled “The Impact of Inflation on the Cost of Living and Consumer Behavior.”

The global cosmetics and personal care industry took a hit during the COVID-19 pandemic, but industry professionals remain optimistic about the future.

The $8+ billion U.S. nail salons industry, like many other personal services, took a hit last year. The Covid-19 pandemic shuttered many of the nation’s nail salons and revenues plunged.

The latest ExportPlanning estimates for world trade dynamics highlight unfavorable results for the Perfumes and Cosmetics sector, which continued to show bleak performances in Q3-2020, in the aftermath of the Covid-19 shock.

In recent years, the wellness industry has gained widespread popularity for promoting a broad array of products and services related to nutrition, fitness, sleep, yoga, natural remedies, meditation, and self-care.

The global skincare market is fast growing and expansive, ranging from cosmetic products, to over-the-counter drugs, to prescription drugs. The global dermatology market (OTC and prescription) is vast and evolving quickly with forecasts that indicate a global market of €81.9 billion in 2028, growing significantly from €44.1 billion in 2018. The cosmetic skincare market size was valued at €130 billion in 2016.

According to a recent report by Lucintel, the worldwide skincare products industry is forecast to reach $135 billion by 2021, with opportunities in anti-aging, body lotion, sun protection, and multi-functional skin cream.

Facial care, in particular, is expected to exhibit above-average growth. Skincare creams that do double-duty — such as combining sun protection and anti-aging properties — will help boost the market as well.