How skin care and K-beauty became big moneymakers for the beauty industry

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The global cosmetics industry is expected to grow $379 billion in the next 4 years. But when you break down that number, it's skin care that drives most of that growth. Here's why — and how — it got so big.

The beauty industry's revenue is expected to grow within the next four years to more than $379 billion, according to an IBISWorld report, and skin care has become big part of that growth.

Cosmetics and beauty companies are expanding lines to include skin care — such as Kylie Jenner's Kylie Skin and Sephora's namesake skin care line.

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