How will the Canadian cosmetic products market grow in 2022?

Based on a report published by Mordor Intelligence on the state of the Canadian cosmetic products market, the industry is forecasted to grow at a CAGR of 6.45% from 2022 to 2027. These products include face, eye, lip, and nail cosmetics. The breakout of the COVID-19 pandemic had a significant impact on the industry in 2020.

How much money did makeup make in 2020?

Furthermore, the data showed that although sales reached $500 million in 2020, this marked an 11.17% decrease from 2019. Makeup industry statistics indicate that mascara was the bestselling product among eye makeup, as opposed to eyeliner, which had the lowest sales.

How did Canada's beauty industry perform in 2020?

The prestige beauty industry in Canada produced $2.2 billion in revenue during 2020, which was a 17% decrease from the previous year. Due to shopping limitations and lockdowns brought on by the pandemic in 2020, there was a significant decrease in spending on Canadian beauty products and treatments.

How much money will natural cosmetics make in 2021?

As a result, natural cosmetics recorded a revenue of $187.25 million in 2021 and the niche is likely to reach $246.25 million by 2026. The most popular Canadian clean beauty brands are Evio Beauty, Nudestix, Graydon Skincare, Pure Anada, Adewunmi, Birch Babe, and Elate Cosmetics.

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