Beauty
Indie Beauty's $40B Moment: What the Conglomerates Still Don't Understand
Indie beauty brands reached $40 billion in annual sales — growing four times faster than the conglomerates that spent decades building the distribution and scale advantages they were supposed to need. Key Insights * Indie beauty brands reached $40 billion in annual sales, growing 22.3% year-over-year vs. conglomerates at ~6% (NIQ,