The U.S. is the world’s biggest beauty market and it is expected to get even bigger this year.

According to market research, the U.S. beauty and cosmetics industry is forecast to report revenue of 62 Billion dollars in 2016. That’s a 2 percent increase from last year. The global cosmetics market is expected to reach over 390 billion ($390.07) billion by 2020.

CCTV’s Michelle Makori spoke to Simon Pitman. He is the Senior Editor of Cosmetics Design at The Business Journal.