The market is projected to grow from USD 100.13 billion in 2021 to USD 145.82 billion in 2028 at a CAGR of 5.52% in the 2021-2028 period. Searches for "men's skincare" are up 94% over 5 years. In 2018, the market's largest segment"Skin Care"has a market volume of IDR 28.4 trillion (USD 2,022 million). The global aesthetic medicine market size was valued at USD 99.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 14.5% from 2022 to 2030. Brush up on the quantitative approaches and techniques like in-store optimization modeling and pricing analytics that Insights in Marketing applies when solving the tough challenges faced in the beauty and cosmetic industry. Companies operating in the global cosmetics and toiletries industry must compete for shelf space in retail outlets, not only with rival personal care companies offering other well-known brands but also cheaper copycat brands offering similar unbranded products. India Cosmetics Products Market is projected to grow at a CAGR of 4.23% during the forecast period 2022 - 2022. Fragrance Sales - $501 million Total Market Share by Category 4. IBISWorld's statistic shows that as of 2022 the market size of the Cosmetic & Beauty Products Manufacturing industry is $47.7bn an increase of 1.38% from 2021. . So, while e-commerce sales have shown the . Roughly 80% of consumers indicate that sustainability is important to them, and 60% are willing to change their shopping habits to reduce environmental impact. ( Forbes) The industry is expected to grow at least 5% every year. The UK organic beauty industry has recorded 10 years of sales growth, with sales in 2020 standing at 120 million. The beauty industry creates 120 billion units of packaging every year. How much is the beauty industry worth? The following statistics outlines the cosmetic industry market outlook and trends. (Statista) The prestige fragrance and cosmetic industry growth is estimated at 5.18% annually between 2022 and 2025. From 2012 to 2019, the size of the global skincare market grew by 41.8%, and it is projected to continue its upward growth pattern, forecasted to hit a valuation of $189 billion by 2025 [ source ] The beauty industry went from $483B in 2020 to $511B in 2021 and with an annual compounded growth rate of 4 . In 2020, revenues amounted to 6.5 billion, an increase from 2019 and 6.4 billion. 5 sales of madison reed at-home hair-coloring kits rose tenfold from mid-march to mid-april. The US cosmetic market is worth a staggering $62.46 billion. "As we have seen in other industries including apparel and footwear, beauty's online sales growth accelerated amid the brick-and-mortar closures this year. Born in 2008 as a small startup selling flip flops, by mid-2021 Zalando had turned into an online fashion company with an assortment of more than 4,500 international brands, 45 million active customers, and a presence in 23 European markets. The latest cosmetic industry statistics put the total value of the beauty industry at around $565 billion in 2022. Plastic is not the only waste created in the name of beauty . The sudden rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. Some cosmetics are false eyelashes, eye shadow, concealer, nail polish, eye liner, mascara, lipstick and moisturizers. At the same time, luxury e-commerce companies like Net-a-Porter. Cosmetic Industry Statistics 19. Learn more about how the cosmetics and personal care industry contributes to the global plastics crisis as well as some sustainable, zero-waste alternatives. In 2015, research found that packaging accounted for 146 million tonnes of plastic every year. The beauty and cosmetics industry is rising to meet consumer demand by following the practices listed below. Growing Demand for Men's Beauty Products. 3. Cosmetic products can enhance, reduce and hide blemishes as well. 49% say they now spend more than $50 online on beauty products; compared to 16% than when we asked this same question in 2019. In 2020, the beauty and cosmetics market fell by 8% as a result of COVID-19. Makeup Sales - $932 million 2. Social Media and Beauty Industry Statistics Sheena Yaitanes, Founder of Kosas Cosmetics. Find industry analysis, statistics, trends, data and forecasts on Global Cosmetics Manufacturing from IBISWorld. Industry market research reports, statistics, analysis, data, trends and forecasts. Cosmetic Oil Market size exceeded USD 4.8 billion in 2020 and is estimated to grow at over 5.5% CAGR between 2021 and 2027 due to growing demand for organic products and increasing adoption of vegetable oil in cosmetics industry. According to data from the Edited report, UK H&M's assortment of beauty products increased by a staggering 94.8% from 2018 to 2019. Here are a few eye-opening statistics to get you started: The beauty industry generates over $100 billion in revenue worldwide. The division lies within the definition. Asia and Oceania held a combined 39% of the total cosmetic market back in 2018. Top 10 Health and Beauty Industry Statistics The global beauty industry market is valued at $511 billion in 2021. 460 statistics Cosmetics Export, Cosmetics Import, Cosmetics Production, Cosmetics Revenue European Cosmetics Industry 20222026 1129 reports Cosmetics Production, Cosmetics Import, Cosmetics Revenue 2420 statistics Cosmetics Revenue, Cosmetics Export East Asian Cosmetics Industry 20222026 1003 reports What is the market size of the Cosmetic & Beauty Products Manufacturing industry in the US? Skincare Sales - $844 million 3. The results are in: the beauty and personal care industry is not only recovering from pandemic-related instability - it's thriving. How many people are employed in the Cosmetic & Beauty Products Manufacturing industry in the US? Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. Even despite our best efforts, 70% of beauty packaging still ends up in a landfill. 12.4 million total cosmetic procedures 15% 2.0 million surgical 13% 10.4 million minimally-invasive 15% FEMALE 8% of all cosmetic procedures 1.1 million total cosmetic procedures 18% 289,000 surgical 12% 820,000 minimally-invasive 20% MALE ETHNIC Caucasians (10.3 million) 20% Hispanic (1.9 million) 4% The global value for natural cosmetics is expected to reach $54.5 billion by 2027. Skincare is projected to generate up to $177 billion by 2025. The UK consumer expenditure goes up to 32.5 million. It is estimated that the cosmetics and personal care industry brings at least 29 billion in added value to the European economy annually. page 1 . Growth is predicted across all occupations in the Hairdressing and Beauty Services industry to 2025, with the largest increase projected for Beauty Therapists, with a rise of just over 8%. We have also been quoted in hundreds of major trade . Tanzania Cosmetics & Personal Care Reports: Our 2022 Tanzania report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Cosmetics & Personal Care market. Obviously, the beauty industry has finally realized this woman's worth. Canada. Global Cosmetics Manufacturing industry . Training trends Qualification level Qualification clusters Qualification occupation Training provider type Funding source Student location Report Overview. Since there isn't strict regulation, insecurity permeates over what actually constitutes "natural." Recycled Packaging 17 billion represents only around 3.4% of the global cosmetics market The US is 27% of the global vegan cosmetics market at $4.6 billion The global market grows between 5.1% and 6.3% a year Chinese market is estimated to grow at 7.9%, Canada 4.6%, Germany at 3.2% and Japan 2.8% The global market is set to reach $20.80 billion by 2025. Mining industry earnings grew $6.4b (4.1%). 20. Cosmetic Product Categories Total global beauty sales have increased 14% in 2012 with the following revenue per category. 2020-21 financial year. Global Cosmetics & Toiletries Industry. The size of Indian Cosmetics Industry globally is $ 274 billion, while that of the Indian cosmetic industry is $ 4.6 billion. For general overviews and market research reports, search terms like: BEAUTY, COSMETICS, PERSONAL CARE (bath, shower, soap, deodorant, depilatories), TOILETRIES, MAKE-UP, COLOR COSMETICS, SKIN CARE, HAIR CARE, ORAL CARE, SUN CARE, PERFUME, FRAGRANCE, MEN'S GROOMING, etc. Sustainable Beauty Industry Stats 1. Skincare products include creams, lotions, and powders, which improve . (Alioze) The UK ranks third in terms of beauty products consumers, preceded by Germany and France. . Among these fastest growing segment is color cosmetics, accounting for around US$ 60 million of the market. Retail trade industry earnings grew $6.1b (19.8%). Animals often suffer from harmful allergic reactions that leave them in considerable pain and suffering. The message is clear: Older women are hot. Make the most impact in your next marketing campaign with data-driven beauty market research. Skincare and makeup for men is one of the fastest-growing trends in the beauty industry. The beauty industry is, in fact, quite broad: it includes both services (such as hairdressers, barbers, etc.) The advantage of larger companies is that they can afford more extensive promotional campaigns . Manufacturers coming up with innovative aesthetic devices has led to an increased demand for aesthetic treatments in recent years. The global cosmetics market size was valued at USD 254.08 billion in 2021 and is anticipated to register a CAGR of 5.3% from 2022 to 2028. The market for men's skincare products was worth $12.34 billion in 2021 and is forecasted to grow to $18.92 billion by 2027. American Society of Plastic Surgeons Unveils COVID-19's Impact and Pent-Up Patient Demand Fueling the Industry's Current Post-Pandemic Boom Please note the 2019 procedure statistics projections have been updated as of April 27, 2021, to reflect a more comprehensive set of board-certified physicians performing these procedures. The total U.S. industry market size for Cosmetics & Beauty Products Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. In 2018, 20% of natural cosmetics were sold through a wholesaler or distributor, according to beauty supply industry statistics. Presently, cosmetics have become an indispensable feature of modern lifestyle of individuals. 6. Last year's biggest accessory, the face mask, brought a newfound focus to the top half of the face, and Kosas founder Sheena Yaitanes thinks this . The market is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028 at a CAGR of 5.0% during the 2021-2028 period. Both men and women utilize the beauty industry every day. In 2021, beauty and personal care categories increased sales 16% overall compared to the previous year. Cosmetics industry - Statistics & Facts Published by Statista Research Department , Aug 5, 2022 In 2020, the global cosmetics market decreased by over 19 percent in comparison to the previous year.. 6. Beauty companies are expected to spend $7.7 billion on advertising in 2022. Doll 10 has about 140,000 Instagram followers. The global beauty industry is expected to increase at a rate of 4.75%, generating an incredible $716 billion by 2025. (FranchiseHelp) The men's personal care market is projected to hit $276.9 billion by 2030. Manicurists and pedicurists: 113,600 in 2014, 10% expected growth by 2024. Shaving is part of beauty, as are the various lotions, moisturizers, and other accessories that people put on, often without thinking. Cosmetic oils are carrier oils, used as a major ingredient in cosmetic products, such as moisturizers, serums . Market Size & Industry Statistics. This boomer demographic holds a whopping 70 percent of the disposable income in this country and spends 250 percent of what the population in general does.These women are also genuinely interested in beauty and open to change.Case in point: According to Poshly.com, a website . 'Makeup holds a power': Funmi Fetto. 8 Cosmetic Industry Statistics Worldwide. Cosmetics and Beauty Industry in Indonesia: The Highlights. Just last year, men's skin-care products alone saw a more than 7% jump in sales and . In China and India, the online channel is gaining traction for . Get up to speed on any industry with comprehensive intelligence that is easy to read. Key USC Databases - Beauty IBISWorld Based on our analysis, the global market exhibited lower growth of -10.57% in 2020 compared to the average year-on-year growth during 2017-2019. This equates to one in every 60 jobs in the UK economy, and is similar to the number of people The cosmetics industry is growing at a rate of 5.3% each year. Summing all three channels of impact, we calculate that the beauty industry supported a total of 590,500 jobs in 2018. The organic and natural beauty product market is estimated to hit $54 billion in 2027 Styling by Bemi Shaw; makeup by Lola Maja-Okojevoh; hair by Uniquely Lalah; dresses by Preen by Thornton . The worth of the global beauty industry is expected to exceed $800 billion by 2025. To be considered natural, the product must meet non-toxic standards for ingredients and processing. How big is the beauty market in Australia? What defines a sustainable brand? they were first time purchases) However, in-store beauty spending at this level has also increased . 6 in the united kingdom, online sales of prestige-brand nail polish have seen In 2019, the revenue of the cosmetic industry in the United States was estimated to be around S49.2 billion. 1. in the united states, nielsen reported rises in the sales of hair dye and hair clippers by 23 and 166 percent, respectively, in the first week of april 2020 versus a year ago. Makeup industry stats show that 80% of the world allows cosmetics to be tested on animals. By: Antonio Moreno, Leela Nageswaran, Emilie Billaud and Federica Gabrieli. There's no denying it, we have a serious problem with ocean plastic.And the beauty industry - glamorous and feel-good though it may be - is a major contributor. As of 2017, Kenya's color cosmetics market is estimated to be worth 5.4 billion shillings and is expected to grow to 6.6 billion shillings in 2018. 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