There is little doubt that Covid-19 has changed the beauty industry. The website SuperBelle reports that while the beauty industry was predicted to grow to $571,696 million in market value by 2023, it actually dropped from $504,501 million in 2019 to $483,338 million in 2020.
“The effects of this fall have been particularly challenging in northern Italy, which produces approximately 65 percent of the world’s makeup,” states the site.
Some of the reasons for this decline have included the global lockdown and temporary suspension of in-store shopping, lack of face-to-face consultations with beauty experts, the compulsory wearing of face masks and a reduction in income. [Read more…] about 4 Top AI beauty platforms