According to the Bangladesh Cosmetics and Toiletries Manufacturers Association (BCTMA), in the last 15 years the cosmetic industry market has experienced a compound annual growth rate of 10% in the last 15 years Syed Zakir Hossain/Dhaka TribuneHow the fairness industry tapped into Bangladesh's Tk150bn cosmetic industry marketIn a country where fairness equates to beauty, the fairness culture is one that drives the cosmetics industry. The fairness industry has steadily picked up pace, with multinationals, local companies and even parlours catering to not only women, but also men's fairness needs. According to the Bangladesh Cosmetics and Toiletries Manufacturers Association (BCTMA), in the last 15 years the cosmetic industry market has experienced a compound annual growth rate of 10%. Also Read- The dangers of fairness creamsInterestingly enough, top industry players include both local manufacturers as well as multinational companies, with local companies dominating the market. With the population also set to increase to 170mby 2020 with the average age being 30, it's easy to make light of the fairness industry.

Source: Dhaka Tribune January 25, 2019 18:00 UTC