- Global beauty and personal care sales declined by 3% in 2020, following a 2% rise in 2019.
- Western Europe and Asia Pacific each accounted for 25% of the decline in absolute value terms in 2020, while North America accounted for 20%.
- Asia Pacific was, however, the first region to enter the recovery phase and is expected to see the fastest growth globally in 2021.
- In contrast, some markets in Western Europe and North America struggled with lockdowns in 2020 and 2021, which will prolong recovery in the forecast period....
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