As the global population grows and the importance of skin care becomes more well known, the global skin care market is projected to increase from 130 billion dollars in 2020 to over 177 billion by 2025.
How large is the skincare market?
The Global Skincare Products Market was valued at USD 140.92 billion in 2020, and it is projected to witness a CAGR of 4.69% during the forecast period, 2021-2026.
How much is the skincare industry worth 2020?
How big is the skincare industry? The global skincare products market was worth $140.92 billion in 2020, and it’s predicted to grow at a CAGR of 4.69% by 2026.
How much is the skincare market worth?
The United Kingdom skincare market is forecasted to reach USD 24.37 billion by 2024 growing at a CAGR of 5.2% during the forecast period (2019-2024).
How much is the skincare industry worth 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.
Is skincare a saturated market?
It is estimated that by 2027, the global skincare market is expected to reach a market value of $185.5 billion. … That being said, and it may sound contradictory coming from someone who sells skincare, this market is officially over-saturated. There are too many skincare brands and products.
Is the skincare industry saturated?
The beauty industry is a saturated market, meaning a stand-out product or interesting story is no longer enough to succeed as consumers become increasingly demanding and more digitally-savvy than ever before. In order to break through, beauty brands today are placing a bigger focus on customer experience (CX).
Who is the target market for skincare?
Hence, from a generic point of view, a typical cosmetics business dealing in make-up items and other skincare products will primarily have women, aged 18 and above as its target market.
Is the skin care industry growing?
Skincare, as a market segment, is growing faster than any other part of the beauty industry. Sales of skincare products grew by 13% last year in the United States, while makeup grew by only 1% in the same period. Online beauty retailers grew 24% in that time, with skincare leading the way.
What race buys the most beauty products?
According to a study by market research company Nielsen, Black Americans bought more beauty products in 2019 than any other group of consumers. To put that in context, they found that Black Americans outspent other groups by nearly 19 percent, which translates to $572.6 million.
How big is the anti aging market?
Global Anti-Aging Market Report 2021: Market is Set to Cross $422.8 Billion by 2030 – Increasing Inclination of Consumers Toward Easy-to-Use, At-Home Devices.
What business industry is skincare?
The cosmetic industry describes the industry that manufactures and distributes cosmetic products. These include colour cosmetics, like foundation and mascara, skincare such as moisturisers and cleansers, haircare such as shampoos, conditioners and hair colours, and toiletries such as bubble bath and soap.
How big is the beauty industry in the US?
The revenue of the U.S. cosmetic industry is estimated to amount to about 49.2 billion U.S. dollars in 2019. Since the early twentieth century, the production of cosmetics has been controlled by a handful of multi-national corporations.
How big is the beauty market in the US?
In 2018, the U.S. was considered the most valuable beauty and personal care market in the world, generating approximately 89.5 billion U.S. dollars in revenue that year.
How profitable is the beauty industry?
Beauty industry statistics, market share, and worth
How much is the beauty industry 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.