The beauty industry is growing quickly, but the way we’re spending our money has become increasingly outdated, according to a new report.
According to a report from the Consumer Financial Protection Bureau (CFPB), consumers are spending a larger percentage of their disposable income on cosmetic products and services, with a majority of the spending going towards skin care products.
According the report, skin care is an increasingly important sector for consumers and that is why the CFPB wants to see better products available to consumers to support their skin care needs.
The CFPP says it has found that the number of skin care kits sold on Amazon rose in 2017 from around 4 million to 9 million.
According it, skincare kit prices rose from $13.19 in 2016 to $20.50 in 2017.
The report also found that there were more skin care brands selling on Amazon than there were in 2016, and that more people are buying products online.
The research suggests that more consumers are seeking out quality products and that they are spending more money on cosmetic and skin care related products.
The findings also found there were an increase in the number and variety of skin creams and lotions, as well as new products being created and launched.
According a survey conducted by the research firm IHS, over the last five years, consumers have spent a staggering $5 billion on cosmetics, with an average purchase of $11.60.
It found that in 2017, consumers spent an average of $20 on cosmetic items and $31.35 on skincare items.
It is estimated that about $1 billion is spent each year on skin care and skin products.