Fierce competition is one of the biggest challenges for the cosmetics sector, which consists of 5,085 businesses in the cosmetics and beauty products manufacturing industry that generated about $39.3 billion in revenue in 2025, according to research firm IBISWorld. Cosmetics businesses also face economic issues that all retailers deal with, including rising costs of labor and products driven by inflation, rising interest rates on their debts, and increased tariff costs, which can lead to out-of-court rest ...