The Australian cosmetics market, worth $ 4.98 billion as of 2015, is projected to grow at CAGR of 9.31% to reach $ 7.76 billion by the end of 2020. The cosmetics or beauty products industry is one sector which remains impervious to the ups and downs markets. Overall sales are indeed affected in the event of an economic downturn, but one can count on sales of cosmetics to maintain a certain volume overall. This is because of continuing and growing usage of products by women, and increasingly, by men, across the region.