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Add to the $7 billion on beauty products the amount spent on cosmetic surgery, diets and weight loss programs, the figure is much higher. --------------- Americans spend over $7 billion a year on beauty products. http://shopping.msn.com/content/shp/?ctId=893 Analysts at Goldman Sachs estimate that the global beauty industry—consisting of skin care worth $24 billion; make-up, $18 billion; $38 billion of hair-care products; and $15 billion of perfumes—is growing at up to 7% a year, more than twice the rate of the developed world's GDP. The sector's market leader, L'Oréal, has had compound annual profits growth of 14% for 13 years. Sales of Beiersdorf's Nivea have grown at 14% a year over the same period. http://www.economist.com/printedition/displayStory.cfm?Story_ID=1795852
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