The cosmetics market is expected to be worth $635.7 billion by 2019, according to new research by the global market research and consulting company, “MarketsandMarkets,” which is based in the U.S.

The cosmetic products market is projected to grow at a CAGR of 6.3%, with its increasing demand from emerging markets such as Brazil and India.

The company just published the report, “Cosmetic Products Market by Type, Distribution Channel, & Geography – Global Trends & Forecasts to 2019”. It is available on the company’s website.

An important market driver, according to the market research company, is an increasing demand for advanced and sophisticated cosmetic products. Some of the changing trends predicted include the consumer’s “increasing consciousness about appearance,” the report says.

Who are the leading players? They include L’Oreal Group (France), Avon Products, Inc. (U.S.), The Estée Lauder Companies, Inc. (U.S.), and Oriflame Cosmetics (Luxembourg).

Also from the company’s research: “These key players continuously invest in R&D to introduce new products as per the market demand. Considering the demand in the market, these companies are also expanding their facilities to increase their production capacity and strengthen their global network.”