Bangladeshis spent a whopping $2.5 billion dollars on cosmetics in 2016 alone, according to a recent report the State of the Global Islamic Economy Report 2016-17. Bangladesh is the sixth largest buyer of cosmetics in the Muslim world, the report states. This indicator is part of the aggregate Global Islamic Economy (GIE) indicator. India is the largest market for Muslim consumers, spending $4.7bn on cosmetics followed by Russia at $3.5bn and Indonesia spending $3.3bn. The report also estimated that global Muslim spending on cosmetics was $56bn in 2016 or 7% of the global expenditure of $750bn.

Source: Dhaka Tribune June 05, 2017 16:41 UTC