What is the Online Perfume and Cosmetic Sales industry?
The Online Perfume and Cosmetic Sales industry is in the growth phase of its life cycle. While demand for perfume and cosmetics is largely unchanged throughout the population, consumers are increasingly shopping online for a wide variety of products, which has driven industry revenue growth. The industry has continued growing as dominant bricks-and-mortar stores, including department stores, pharmacies and specialist cosmetic stores, have increasingly added an online presence to their bricks-and-mortar offerings.
Industry value added (IVA) measures an industry's contribution to the overall economy. IVA is forecast to grow by a compound annual 10.4% over the 10 years through 2020-21, outperforming forecast real GDP growth of a compound annual 2.6% over the same period... purchase to read more