Beauty companies are expected to spend $7.7 billion on advertising in 2022. Cosmetic Industry Statistics Worldwide. 6. Find industry analysis, statistics, trends, data and forecasts on Global Cosmetics Manufacturing from IBISWorld. Clearly this is an industry on the rise: Barbers, hairdressers and cosmetologists: 656,000 in 2014, 10% expected growth by 2024. 1. Makeup industry stats show that 80% of the world allows cosmetics to be tested on animals. Approximately 70% of consumers prefer to recommend cosmetics brands if they provide a good loyalty program. 20. Roughly 80% of consumers indicate that sustainability is important to them, and 60% are willing to change their shopping habits to reduce environmental impact. 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. The latest cosmetic industry statistics put the total value of the beauty industry at around $565 billion in 2022. Statistics on the topic Global overview U.S. market Category sales Leading companies Miscellaneous Coronavirus (COVID-19) impacts Skincare products make up largest part of cosmetic market 41%. The leader, the industry's most profitable branch, taking . The advantage of larger companies is that they can afford more extensive promotional campaigns . We have also been quoted in hundreds of major trade . The prestige cosmetics and fragrances market will reach 57.4 billion in 2022. Both men and women utilize the beauty industry every day. 3. the beauty industry and its supply chain spending their wages in the consumer economy (known as the 'induced' impact). Fragrance Sales - $501 million Total Market Share by Category 4. ( Forbes) The industry is expected to grow at least 5% every year. Top 10 Health and Beauty Industry Statistics The global beauty industry market is valued at $511 billion in 2021. Skincare Sales - $844 million 3. 8 Cosmetic industry statistics worldwide estimate the market value to reach $46.1 billion by 2023, at a CAGR growth rate of 10.8%. Retail trade industry earnings grew $6.1b (19.8%). Skincare is projected to generate up to $177 billion by 2025. Recycled Packaging Animals often suffer from harmful allergic reactions that leave them in considerable pain and suffering. Key USC Databases - Beauty IBISWorld In 2019, the revenue of the cosmetic industry in the United States was estimated to be around S49.2 billion. Cosmetic Industry Statistics 19. Global Cosmetics Manufacturing industry . The outlook for 2022 appears less certain, as consumers navigate the ongoing impacts of inflation, climate change, and COVID-19. Skincare products include creams, lotions, and powders, which improve . The current size of the Indian Cosmetic Industry is approx US$ 600 million. 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. 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%. India Cosmetics Products Market is projected to grow at a CAGR of 4.23% during the forecast period 2022 - 2022. 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. The UK organic beauty industry has recorded 10 years of sales growth, with sales in 2020 standing at 120 million. Asia and Oceania held a combined 39% of the total cosmetic market back in 2018. Skincare specialists: 55,000 in 2014 with a 12% expected growth by 2024. 5 sales of madison reed at-home hair-coloring kits rose tenfold from mid-march to mid-april. The global cosmetics market size was valued at $380.2 billion in 2019, and is projected to reach $463.5 billion by 2027, registering a CAGR of 5.3% from 2021 to 2027. There are almost 1 million Americans employed in the service segments of the cosmetics industry. Cosmetic Industry Statistics- Market Share Goldstein Research forecast cosmetic industry worth to be USD 640.0 billion, expected to be growing at a CAGR of 3.90% during the forecast period. In 2015, Sephora had over $5 million in revenue per store. This equates to one in every 60 jobs in the UK economy, and is similar to the number of people 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 "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. China, the world`s second largest economy, is forecast to reach a projected market size of US$38.9 . 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. Sheena Yaitanes, Founder of Kosas Cosmetics. 2021 saw a slight increase, with 6.7 million in revenue. Market Size & Industry Statistics. Australian Industry. Growing Demand for Men's Beauty Products. The beauty industry is expected to be valued at $630 billion by 2017. Cosmetics Industry Research & Market Reports Sort by: Refine your search Just last year, men's skin-care products alone saw a more than 7% jump in sales and . 13 Online sales of cosmetic products is expected to grow at a CAGR of 7.6% through 2027. IBISWorld's statistic shows that as of 2022 total employment in the Cosmetic & Beauty Products Manufacturing industry is 55,127. Doll 10 has about 140,000 Instagram followers. From the cosmetic industry alone, 120 Billion units of packaging were sent to a landfill in 2018, according to Zero Waste Week. The size of Indian Cosmetics Industry globally is $ 274 billion, while that of the Indian cosmetic industry is $ 4.6 billion. Report Overview. they were first time purchases) However, in-store beauty spending at this level has also increased . ( Statista) After a average drop of -4.8 percent annually from 2004 to 2012, according to Canadian Industry Statistics net revenues have increased by 27.0% in just the last year alone. The global value for natural cosmetics is expected to reach $54.5 billion by 2027. Make the most impact in your next marketing campaign with data-driven beauty market research. 6 in the united kingdom, online sales of prestige-brand nail polish have seen Kenya also benefits from a dynamic private sector in which Kenya seems to have become the regional leader. The message is clear: Older women are hot. Cosmetic Product Categories Total global beauty sales have increased 14% in 2012 with the following revenue per category. The men's personal care market is projected to hit $276.9 billion by 2030. 49% say they now spend more than $50 online on beauty products; compared to 16% than when we asked this same question in 2019. The men's personal care industry is predicted to hit $166 billion by 2022, according to Allied Market Research. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. Industry market research reports, statistics, analysis, data, trends and forecasts. Global Cosmetics & Toiletries Industry. In 2015, research found that packaging accounted for 146 million tonnes of plastic every year. Hair Care Industry Statistics 11. While the cosmetics industry could be relatively strong as compared to other categories of consumers, the year 2020 has been very poor in terms of sales. page 1 . 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. Total global cosmetic sales in 2020 was a whopping $483 billion. Since there isn't strict regulation, insecurity permeates over what actually constitutes "natural." The beauty industry creates 120 billion units of packaging every year. How much is the beauty industry worth? 2020-21 financial year. 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. 11 billion is contributed directly by the manufacture of cosmetic products and 18 billion indirectly through the supply chain (Eurostat 2015). 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. In 2021, beauty and personal care categories increased sales 16% overall compared to the previous year. State of the Industry: Cosmetics and Toiletries in the U.S. State of the Industry: Cosmetics, Beauty Supply, and Perfume Stores in the U.S. . Shaving is part of beauty, as are the various lotions, moisturizers, and other accessories that people put on, often without thinking. To be considered natural, the product must meet non-toxic standards for ingredients and processing. If you put gel or pomade in your hair, that's also contributing to this industry! Canada. The results are in: the beauty and personal care industry is not only recovering from pandemic-related instability - it's thriving. The beauty industry is, in fact, quite broad: it includes both services (such as hairdressers, barbers, etc.) Statistics report that 120 billion units of packaging are produced every year by the global cosmetics industry, bulked out by the use of complex lids, multi-layered boxes and cellophane, much of which is superfluous, non . The Cosmetic Skin Care market in the U.S. is estimated at US$39.2 Billion in the year 2020. The rise in CAGR is attributable to this market's demand . The cosmetics industry is growing at a rate of 5.3% each year. But as growth has remained strong for beauty, it has slowed following the re-openings of physical stores across the country. Cosmetic products can enhance, reduce and hide blemishes as well. as well as products. Skincare and makeup for men is one of the fastest-growing trends in the beauty industry. 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. To prevent this huge waste, consumers must make more environment-friendly decisions. In the United States alone, the beauty services sector employs over 670,000 people, and its job growth outlook is "faster than average" according to BLS data at a rate of 13% (2016-2026). The global beauty industry is expected to increase at a rate of 4.75%, generating an incredible $716 billion by 2025. 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. 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. 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. Based on 2020 cosmetic industry stats, North America comes second with a 25% share, followed by Europe, which makes up 24% of the global beauty market. The beauty and cosmetics industry is rising to meet consumer demand by following the practices listed below. Skincare products make up 42% of the cosmetics industry, representing the largest segment of the market. Cosmetic oils are carrier oils, used as a major ingredient in cosmetic products, such as moisturizers, serums . 5. 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. . (Statista) Judging by the latest Australian beauty industry statistics, the industry's revenue rose by 10.9% in 2022, quickly recovering from the devastating blow of the Covid-19 . Obviously, the beauty industry has finally realized this woman's worth. Summing all three channels of impact, we calculate that the beauty industry supported a total of 590,500 jobs in 2018. Styling by Bemi Shaw; makeup by Lola Maja-Okojevoh; hair by Uniquely Lalah; dresses by Preen by Thornton . Cosmetics Industry Statistics statistics a branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate. 1. By: Antonio Moreno, Leela Nageswaran, Emilie Billaud and Federica Gabrieli. Makeup Sales - $932 million 2. 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 . Even despite our best efforts, 70% of beauty packaging still ends up in a landfill. Training trends Qualification level Qualification clusters Qualification occupation Training provider type Funding source Student location 15 eCommerce Beauty Brand Statistics. Searches for "men's skincare" are up 94% over 5 years. The cosmetic industry is regulated by the Food and Drug Administration. The packaging is the number one contributor to plastic production in the world and offender for plastic waste pollution. Agriculture industry earnings grew $5.7b (36.4%). How big is the beauty market in Australia? 8. Reference period. Specific growth expected for businesses serving men. What is the market size of the Cosmetic & Beauty Products Manufacturing industry in the US? Industry market research reports, statistics, analysis, data, trends and forecasts. 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. Professional, scientific and technical services industry earnings grew $6.4b (19.2%). The global cosmetics industry is valued at $380.2 billion. (Zion Market Research) The total value of cosmetic products reached $532 billion worldwide in 2017, and is expected to rise by an astounding 60% in the 2020s. Social Media and Beauty Industry Statistics 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. +1 617-765-2493 Australia Beauty and Personal Care Products Market - Growth, Trends, and Forecasts (2022 - 2027) The products combine clean ingredients . The beauty and personal care market will hit a jaw-dropping market size of $716.6 billion by 2025. The major factor that propels the market growth includes the increasing e-commerce industry in emerging economies. Sustainable Beauty Industry Stats 1. 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. 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. Manufacturers coming up with innovative aesthetic devices has led to an increased demand for aesthetic treatments in recent years. Manicurists and pedicurists: 113,600 in 2014, 10% expected growth by 2024. Because of the increasing need for self-care in times of crisis, luxury shopping has evolved. 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 . 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. The US cosmetic market is worth a staggering $62.46 billion. The overall profit outlook for the Soap, Cleaning Compound and Toilet Preparation Manufacturing industry is on a positive up-swing. Plastic is not the only waste created in the name of beauty . 'Makeup holds a power': Funmi Fetto. 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 . Cosmetic Industry Statistics Data Annual revenue of the cosmetic industry in the U.S. $56,875,000,000 Percent of girls between the ages of 8 and 18 who wear makeup 58 % . Grand View Research Logo. The beauty industry encompassing skin care, color cosmetics, hair care, fragrances, and personal carehad a beast of a year in 2020: sales of color cosmetics fell by 33 percent globally, while overall retail sales in the beauty category declined by 15 percent. The organic and natural beauty product market is estimated to hit $54 billion in 2027 Here are a few eye-opening statistics to get you started: The beauty industry generates over $100 billion in revenue worldwide. (FranchiseHelp) In 2018, 20% of natural cosmetics were sold through a wholesaler or distributor, according to beauty supply industry statistics. The sudden rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. Some cosmetics are false eyelashes, eye shadow, concealer, nail polish, eye liner, mascara, lipstick and moisturizers. (Alioze) The UK ranks third in terms of beauty products consumers, preceded by Germany and France. 12.4 million total cosmetic procedures 15% 2.0 million surgical 13% 10.4 million minimally-invasive 15% FEMALE 8% of all cosmetic procedures 1.1 million total cosmetic procedures 18% 289,000 surgical 12% 820,000 minimally-invasive 20% MALE ETHNIC Caucasians (10.3 million) 20% Hispanic (1.9 million) 4% According to data from the Edited report, UK H&M's assortment of beauty products increased by a staggering 94.8% from 2018 to 2019. The cosmetics industry generates approximately US$ 341.1 billion annuallyand 120 billion units of plastic packaging, most of which are not recyclable. 9 The global natural and organic personal care product market is expected to reach $23.6 billion by 2027. At the same time, luxury e-commerce companies like Net-a-Porter. In China and India, the online channel is gaining traction for . Presently, cosmetics have become an indispensable feature of modern lifestyle of individuals. Our analysts have written industry research reports for virtually every Fortune 100 and Fortune 500 company, as well as numerous trade associations. The UK consumer expenditure goes up to 32.5 million. How many people are employed in the Cosmetic & Beauty Products Manufacturing industry in the US? In 2020, the beauty and cosmetics market fell by 8% as a result of COVID-19. The cosmetics and personal care markets are expected to grow annually by 7.2% (CAGR 2018-2021), amounting to IDR 77.3 trillion (USD 5,502 million). Among these fastest growing segment is color cosmetics, accounting for around US$ 60 million of the market. Recess : Recess makes single-use, disposable body, face and deodorant wipes and hair blotters. By 2024, the global beauty industry is expected to reach a value of $863 billion. The worth of the global beauty industry is expected to exceed $800 billion by 2025. 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