Vismay Sharma, president of L’Oréal South Asia Pacific, Middle East and North Africa SAPMENA, in an exclusive interview with FinanceAsia shared key market insights in a fast-changing landscape.
The beauty industry is often defined as skincare, fragrance, makeup, and haircare with total revenue in the beauty and personal care market amounting to $625.7 billion in 2023 alone. The market is expected to grow annually by 3.32%, CAGR 2023-2028, according to Statista.
The South Asia Pacific, Middle East, and North Africa, or the SAPMENA region created by L’Oréal in 2021 comprises 35 countries spanning from New Zealand to Morocco, is home...