THE HIGH PRICE OF BEAUTY: Child labour in global cosmetics

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THE HIGH PRICE OF BEAUTY: Child labour in global cosmetics
Tuesday, July 25, 2023

The global cosmetics market is growing rapidly, propelled by changing lifestyles, increasing consumer awareness, rising disposable incomes, and the role of social media and sponsored influencers. Valued at USD $532.43 billion in 2018, the global cosmetics market experienced a rapid shrinking of 15% during the global COVID-19 pandemic in 2020, followed by a return to growth in 2021.7 It is expected to be worth USD $622 billion by 2028. However, unless global and national policies are changed, corporate responsibility is increased, and consumers take action, much of the growth of the cosmetics industry could come at the expense or exploitation of children.