Stephanie Chan – Society of Cosmetic Scientists of Singapore
It is said that the Asian beauty market is one of the fastest growing in the world, with an annual growth rate of not less than 20%.
According to some estimates, the Singapore retail market for luxury beauty products is worth S$120 million annually, with perfume sales making up a quarter or approximately S$30 million. Skin care accounts for 40% while makeup takes almost 35%.
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