Around the globe, beauty was the top-performing industry in 2022

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Exclusive Insights

For many consumers, beauty is indispensable. In fact, among U.S. beauty shoppers who reported reducing their overall spending due to inflation, seven out of 10 said they were not cutting back on their beauty spending. Consumers have shown us that when economic sentiment gets shaky, they turn to beauty products for an emotional lift. This "treat mindset" is a big piece of what ties the complete beauty industry picture together.

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