What are the trends in the cosmetic industry?
Here are the top trends impacting the beauty, cosmetics, and personal care industries in 2022 and beyond.
- Beauty Brands Focus On Hyper-Personalization.
- At-Home Treatments are Here to Stay.
- Women Demand Clean Beauty.
- It’s All About the Eyes.
- Nobody Wants Maskne.
- Growing Demand for Men’s Beauty Products.
How big is the cosmetic industry 2021?
$511B
Beauty Industry Statistics and Market Research: Global & US. Globally, the industry is strong and only getting stronger. How big is the beauty industry? Up from $483B in 2020 to $511B in 2021 — and with an annual compounded growth rate of 4.75% worldwide — it’s predicted to exceed $716B by 2025.
What is the beauty industry worth 2020?
Beauty industry statistics, market share, and worth Total global sales in 2020 was a whopping $483 billion. With an annual growth rate of 4.75%, total revenue is expected to top $716 billion by 2025.
How big is the cosmetic industry in Australia?
Market Overview The Australian beauty and personal care products market was valued at USD 3.73 billion in 2020, and it is projected to register a CAGR of 3.87% during the forecast period (2021-2026).
What are some key trends in beauty retail industry?
The 7 biggest trends for the beauty industry
- Social media helps build customer connections.
- Conversational commerce is gaining steam.
- An omnichannel booking experience saves time.
- Salon and spa owners are expanding into retail.
- Digital offerings help beauty sellers find new audiences.
Why cosmetic industry is growing?
Presently, along with women, there is a rise in use of cosmetics among men in their daily routine, which complements growth of the global cosmetics market demand. Hence, such changing lifestyles, have led to growth of the global cosmetics market.
What is the beauty industry worth 2021?
The UK’s beauty industry is worth £27 billion as of 2020 and ranks as the seventh largest cosmetics market in the world. According to comparison platform Finder though, the UK’s beauty industry is worth a whopping £27 billion as of 2020.
Is the beauty industry saturated?
But despite an increasingly saturated market, beauty has proven to be a strong investment category thanks to its high margins, recurring purchase patterns, and general resistance to macroeconomic events such as recessions.
Is the beauty industry growing in Australia?
The market size of the Hairdressing and Beauty Services industry in Australia has grown 2.3% per year on average between 2017 and 2022.
What is the beauty industry worth in 2021?
The global beauty industry market is valued at $511 billion in 2021. The beauty and personal care market will hit a jaw-dropping market size of $716.6 billion by 2025. The US cosmetic market is worth a staggering $62.46 billion.
What is the beauty industry lacking?
Chemical ridden products, vague ingredient labels, and hidden chemicals are three of the major problems with the beauty industry. All these problems stem from one major source: lack of regulation. Lack of regulation enables companies to put unsafe chemicals in products and vaguely label chemicals as “fragrances”.