Job email alerts. The U.S. currently is the world’s largest beauty market , with about 20% share, followed by China (13%) and Japan (8%). How did it affect the global market and which products had an immense increase, i.e., decrease in sales and demands? Top Ten Beauty Industry Statistics for 2021. They are most inclined to spend their money on facial moisturizers, while gyms come second, hand creams third, and shaving products rank fourth. It is believed that Egyptians invented makeup since they were the first to use cosmetics to create dramatic looks, while today’s beauty industry deals with all sorts of products, from eye makeup to hair and skin products. "Sustainability is becoming increasingly important to transparency-minded customers who want to know where our products come from and how they are made," the analysts said in the report. The global pandemic has caused many changes in the beauty industry. While skincare products, such as face masks and body scrubs, play a big role in self-care routines, they've traditionally been more workhorses than show ponies for the beauty industry. It also implies using less time on makeup, spending less money on the products, and being more environmentally friendly. Competitive intelligence, customer engagement metrics and expert analysis of omnichannel marketing. I am confident that once influencers are aware of the significant contribution that our industry is making, they will sit up and take us seriously and listen to our requirements for a self-regulation framework.” Beauty therapy will experience the highest growth of 20% by 2024 in Australia. $15 billion will be spent on global influencer marketing by 2022. estimate the market value to reach $46.1 billion by 2023, at a CAGR growth rate of 10.8%. Even though hair discrimination has been illegal in the UK for a while now, statistics show that 58% of Black students are still discriminated against in schools due to their hair. As a result, many are offering a wide range of price points: For example, H&M's beauty line starts at about $2 for wet wipes and goes up to $45 for a leather makeup bag. Trends in the beauty industry change constantly, so make sure you’re in sync with the latest trends. Based on one survey, only 46% of women wore it amid the pandemic, compared to 86% wearing it before the pandemic. Consumers say that CBD lip balms hydrate the lips without feeling sticky or gloppy. There was a decline of 36% in sales of beauty products (compared to 2019), while online sales recorded an increase in sales by 90%. The product that was used the least was lip balm. African-American men and women spend billions of dollars on their hair, but U.S. beauty care companies are missing out. Human skin contains various viruses, bacteria, and fungi that make the skin microbiota. Exploring the economic impact of the beauty industry, The Oxford Economics Report highlighted how the mega-billion figure was comprised. According to the estimations, the global beauty market will have a decline of 20%–30% due to the pandemic. Samples (FAQs about samples):Delivery: Files are delivered directly into your account within a few minutes of purchase. As more retailers begin launching their own beauty brands, they have the benefit of controlling pricing to better appeal to specific demographics of shoppers. Cosmetic industry statistics worldwide estimate the market value to reach $46.1 billion by 2023, at a CAGR growth rate of 10.8%. The beauty industry’s total contribution to UK GDP in 2018 – including not just treatment providers but also retailers, wholesalers and manufacturers – was worth £28.4bn, equating to 1.3% of the UK’s total GDP and equivalent to all the economic activity in Manchester or Glasgow last year. Verified employers. Paired with federal protocols like the Personal Care Product Safety Act — a bipartisan bill that if passed will give the FDA further oversight to regulate cosmetics and personal-care products — brands are more cautious about what they use in their formulas and many are introducing features like recycled packaging for the first time. define skinimalism as a trend of using minimum makeup and relying more on your natural look. If we compare the global cosmetics market in 2019 with the one in 2020, we’ll notice a big change in the sales and the overall buying patterns. How will the global pandemic affect beauty trends? Brits spent £32.5 million ($44.43 million) on cosmetic products. If you search the history you will find different beauty therapies were used even in the primitive times. Email marketing performance metrics to track and assess competitor and Well, for one thing, coronavirus is responsible for maskne—skin irritations caused by masks that usually appear around the mouth. Here are the four major trends Edited analysts say to look out for in the beauty industry as it moves into the future. Colgate is also one of the famous brands that included CBD products in their CBD lip balms sales. "The beauty industry is becoming increasingly dominated by millennials who are willing to spend on good quality products and this knowledge is utilized with targeted price points," the analysts wrote. EXCLUSIVE: U.K. Beauty Industry Worth Billions, Report Details In 2017, U.K. consumers spent 25.1 billion pounds on beauty, according to a report by Mintel and CEW. Long exposure to blue light can also lead to pigmentation, swelling, redness, and other skin problems. Subscriber The numbers are expected to be even higher in the US if the pandemic doesn’t slow down. Watch out for the cannabis beauty products that are slowly making an entrance into the beauty industry’s world as many popular brands started launching their CBD skincare solutions. . The Edited report notes that startups and direct-to-consumer companies have an advantage due to their ability to more easily experiment with transparent models, and it cited Beauty Pie, a new luxury skincare subscription company. Anti-pollution makeup has seen its growth on the market, and it is probably one of the most consistent beauty industry trends from 2020 that will continue to grow in the future since its CAGR is predicted to grow by 5% by 2025. According to reports, the global cosmetic products market was around $ 532 billion in 2017 and is expected to reach approximately $863 billion in 2024 with an inclusion of the Nigerian beauty market in 2018 estimated at N500 Billion annually. Men, on the other hand, spend less —$175,680 during their lifetime on. Essentially, women like beautifying rituals. There was a growth of 23% in Walmart hair color sales as well. CBD can control inflammation and oil production, two of the reasons why acne develops. Korean women spend twice as much on beauty as American women. Let’s take a close look at the cosmetology industry. Microbiome skincare products can, among other things, be used for dealing with skin infections and protecting the skin from environmental damage. And, it isn’t easy. For example, Avon launched three CBD skin care products, Envy created CBD Face Masks, Kush Queen released Soaked CBD Shower Gel, and Cannuka has its Calming Eye Balm. which means it can act as a pain-killer and treat dry skin, psoriasis, and eczema. , the fragrance market in China will have a 6% CAGR growth by 2027, followed by Japan and Canada with 0.9%, i.e., 2.4% CAGR growth. Cosmetic industry statistics reveal that its owner, Huda Kattan is the influencer with the highest earnings-$150k per Instagram post (sponsored). In a nutshell, you can try different digital makeup styles while using social media video calls and other video chat services. The total U.S. industry market size for Beauty Salons: 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. Any ideas? should rise to $185.5 billion by 2027, with a CAGR growth rate of 3.6%. or more eco-friendly practices, and coronavirus leaving its mark. The Australia beauty and personal care products market is forecasted to reach USD 6.7 billion by 2025 growing at a CAGR of 4.48% during the forecast period (2020 - 2025). According to the Edited report, there are several burgeoning beauty trends that will help the industry continue to grow. While the beauty industry's inherent (and false) implication is that you need something more to be beautiful, women are possibly equally responsible for the focus on beauty. Expert research teams from Cardiff University have now been able to identify the industry’s worth and a contribution of £6.6 billion is incredible. This issue was the reason for Halo Collective’s creation, i.e., the Halo Code that should be incorporated in schools and workplaces to prevent hair discrimination and support natural hairstyles. The beauty industry is known to be resistant to economic downturns - evenfaring well during the Great Recession of 2008. The global cosmetics industry should be worth 438.38 billion by 2026. Due to high disposable income, Australian consumers spend highly on beauty and personal care (color cosmetics and skincare in … Beauty brands are beginning to take a page from the playbook of  apparel companies like Everlane, which has gained support for its "Radical Transparency" model that lists the sources and origin of materials and the true cost of manufacturing. 17% of women stopped wearing makeup completely on account of the coronavirus. Moreover, based on the latest Nosto’s beauty and skincare report, 74% of consumers would choose a brand that incorporates customer reviews on their page. MINTEL ePERFORMANCE. In 2016, the United States hair industry statistics show more than 33% of the beauty and personal care segment worldwide, with 15% of the sales focused on haircare. The global pandemic has caused many changes in the. The CBD in the mascara creates more volume and also prevents fallout, say consumers who follo, Almost a third of Generation Y say that they purchased hair and skin products that are organic or plant-based, while 37% say they would like to buy hair care products that contain, , demonstrating another connection between, Due to its calming and soothing effects, cannabis oil, Anti-pollution makeup has seen its growth on the market, and it is probably one of the most consistent. Beauty is a concept with an ever-changing definition. For example, Avon launched three CBD skin care products. It also falls in line with expert estimates on the beauty industry worth and growth. This issue was the reason for Halo Collective’s creation, i.e., the Halo Code that should be incorporated in schools and workplaces to prevent hair discrimination and support natural hairstyles. Who knows what the beauty industry will look like in the future. What’s more, the global pandemic hasn’t changed the situation, with 96% of consumers from the US and the UK reporting having the same engagement with the influencers as before. The most commonly required operations were botulinum toxin type A (Botox), breast augmentation, soft tissue fillers, and liposuction. could be an effective treatment for acne. Even the cosmetics industry took a hit in the 2009 global recession, but not as much as other sectors. , Kush Queen released Soaked CBD Shower Gel, and Cannuka has its Calming Eye Balm. 48% of Millennials say they would purchase products with CBD oil for skin care. There is an increasing demand for hair care products, and one of the leading trends in the hair care market are products for hair growth. By clicking ‘Sign up’, you agree to receive marketing emails from Insider due to the new pandemic and its social distancing rules. no more than 15% of CBD are completely legal, anti-inflammatory and analgesic properties. Highly, with influencers and micro-influencers at its core. In fact, the beauty industry statistics reveal that the decline could go up by 35%. The global pandemic, the “new normal” rules, the lockdowns, and the social distancing had a big impact on the beauty industry. Studies show that CBD could be an effective treatment for acne. Child labor is illegal in this country, after all, but children involved in beauty pageant world fall between the cracks. Read more: The Influencer Marketing Report: Research, strategy & platforms for leveraging social media influencers. Hair careis the largest segment with 86,000 locations. A leading-edge research firm focused on digital transformation. Basically, most types of inflammation. Beauty Pie members receive a full pricing breakdown of every product, as well as lower prices as a result of cutting out the middleman. show that this is also due to cosmetic companies embracing new trends in the industry at an incredibly fast pace, such as the incorporation of CBD into. The popular cosmetics company decided to make a praiseworthy change in 2021 by reformulating its products to be 100% vegan. The numbers are expected to be even higher in the US if the pandemic doesn’t slow down. If you never heard of the term “skinimalism,” here’s a short explanation. Any ideas? How much is the cosmetic industry worth in 2020? The expert-led global market intelligence solution for the beauty and personal care industries. Shampoo holds the largest market share in the haircare segment and is estimated to grow to $30 billion USD by 2023 compared to $24 billion USD in 2016. will the global pandemic affect beauty trends? Some of the attributes of CBD include anti-inflammatory and analgesic properties, beauty industry facts tell us, which means it can act as a pain-killer and treat dry skin, psoriasis, and eczema. CBD products, including skincare cosmetics that contain. How Much Is the Beauty Industry Worth in 2021? ©2021 LoudCloudHealth.com. Lipstick prices even dropped by 28%. One of the best-selling women’s perfumes in the US, Elizabeth Taylor White Diamonds, generated almost $23 million in sales even after her death. Our beauty industry statistics go beyond appearance. (22.3%), fragrances (19%), hair care (17.9%), and color cosmetics (15.6%). Most money was spent on toiletries (25.1%), skin care products (22.3%), fragrances (19%), hair care (17.9%), and color cosmetics (15.6%). Sign up for Insider Retail. What about the skincare market? Overview. A bright future: South Korea ranks among the top 10 beauty … are part of substantial. There was a decline of 36% in sales of beauty products (compared to 2019), while online sales recorded an increase in sales by 90%. Although cosmetics with the blue light protection was already a trend in 2019. imply that its sales went up due to the lockdown and the switch to remote work. Estimations show that beauty and personal care products’ US market value is over $93 billion. When she’s not working, she’s known to binge-watch a TV show or two or hit the gym, which doesn’t happen that often. Here are the four key factors Edited believes will advance the beauty market: 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. If you never heard of the term “skinimalism,” here’s a short explanation. In the 1940s Queens-born Estée Lauder was selling pots of cream in beauty parlors around New York City. It’s estimated that it will reach $54.6 billion by 2027. Beauty specialists are finally getting the respect they deserve. As proof that this is an ever-rising industry, 64% of plastic surgeons in the US reported increased consultations with patients. What kind of role does cannabis play in the beauty industry, and how many brands produce CBD infused products? Account active With a background in English literature, she prides herself on delivering content that is well-researched and backed up by relevant data. Secondly, stay-on, mask-proof lipsticks are all the rage right now. Experts consider the beauty industry to be one of the few recession-proof industries. According to the beauty industry statistics, in 2019, Australia had a major increase in employed beauty therapists. With new products and services appearing on the market daily, it can be difficult to keep track of all developments. Although cosmetics with the blue light protection was already a trend in 2019, cosmetic industry statistics from 2020 imply that its sales went up due to the lockdown and the switch to remote work. Although the number decreased by 50% in 2020, it’s still expected to grow by 20% by 2024. Milk Makeup, one of the more popular cosmetics brands among Gen Y shoppers, introduced Kush Mascara, a product infused with cannabis oil. Market Size & Industry Statistics. Inside $5bn Industry Of Child Beauty Pageants | US News | Sky News are part of substantial cosmetic industry growth. CBD can control inflammation and oil production, two of the reasons why acne develops. With the stores being shut down due to the lockdown, some stores will reopen within a year, while others will never recover from this impact. had a major increase in employed beauty therapists. On the other hand, according to the forecasts and the. Cosmetics is far behind with 14.6%. The Influencer Marketing Report: Research, strategy & platforms for leveraging social media influencers, products free from toxins and other harmful ingredients, Cancer-causing toxins were just found in foundation and sparkly makeup — here are 11 chemicals that could lurk in your lipstick, lotion, and eye powder, The beauty industry is valued at $532 billion and is on a rapid upward trajectory, according to a new report from retail analytics firm. What’s more, the global pandemic hasn’t changed the situation, with 96% of consumers from the US and the UK reporting having the same engagement with the influencers as before. Based on one survey, 66% of women admit wearing less makeup than before the pandemic outbreak, while only 16% of women started wearing even more makeup amidst the pandemic. In recent years, many cosmetic companies and direct-to-consumer beauty brands have started eschewing traditional advertising altogether, in favor of tapping into the power of influencer marketing and brand ambassadors. The CBD in the mascara creates more volume and also prevents fallout, say consumers who follow beauty trends. there was a huge drop in lipstick sales, given that the face masks became mandatory, and many women stopped wearing them. 30% of the beauty industry market was closed due to the global pandemic. That being said, Germany and France are the leading countries by cosmetic consumers (in Europe). *, 45 Absolutely Astonishing Beauty Industry Statistics for 2021. The clean beauty movement continues to gain traction, as more shoppers seek out products free from toxins and other harmful ingredients. On the other hand, the eye makeup market has flourished with a 204% growth in sales. Men, on the other hand, spend less —$175,680 during their lifetime on health and beauty products. On the other hand, according to the forecasts and the beauty industry statistics, the fragrance market in China will have a 6% CAGR growth by 2027, followed by Japan and Canada with 0.9%, i.e., 2.4% CAGR growth. ? How much do you think the industry is worth? There is an increasing demand for hair care products, and one of the leading trends in the hair care market are products for hair growth. In other words, they removed ingredients like beeswax and honey from their beauty products. Child labor laws don't include its scope of the pageants industry. Brits spent £32.5 million ($44.43 million) on cosmetic products. So, it’s safe to say that CBD skincare products (, , bath bombs, lotions, creams, shampoo etc.) The Health & Wellness Industry Is Now Worth $4.2 trillion | by … One of the best-selling women’s perfumes in the US, Elizabeth Taylor. Going by this, it is clear that cannabis has a bright future as CBD skin care products can be made to suit all skin types, cosmetics industry statistics indicate. In other words, they have ingredients like green tea, vitamin C, and matcha. Revenue from the sale of hair products on the US market is expected to reach $111.98 billion by 2026. An economic value report by the Hair and Barber Council and BABTAC (British Association of Beauty Therapy & Cosmetology) has found the hair and beauty Women in the US spend around $3,756 on cosmetics annually. Milk Makeup, one of the more popular, among Gen Y shoppers, introduced Kush Mascara, a product infused with cannabis oil. Competitive salary. Colgate is also one of the famous brands that included CBD products in their CBD lip balms sales. Although the coronavirus pandemic has decimated the beauty industry as a whole, forcing the closure of numerous salons throughout the country, the silver lining has been the rise of technicians as entrepreneurs. The main beauty industry’s target group is women that often use social media channels to find out more about the product they are about to buy. The Personal Services IRC’s 2019 Skills Forecast acknowledges the importance of technical skills in order to perform job tasks, however, a range of soft skills were highlighted as key priority skills for those involved in the Personal Services industry … Based on one survey, only 46% of women wore it amid the pandemic, compared to 86% wearing it before the pandemic. Free, fast and easy way find a job of 1.564.000+ postings in Fort Worth, TX and other big cities in USA. There was a drop in Amazon sales of lipsticks, while eye makeup sales grew by an astonishing 204%. Blue light is the light that comes out of your screen and other electronic devices that is often associated with eye problems like blurry vision, eye dryness, and cataracts. The industry is neck in neck with skin care for it contributes with 23.7% of the market share. Official definitions of the hair and beauty industry include: Hair washing, trimming and cutting, setting, dyeing, tinting, waving, straightening and similar activities for men and women, barbering, shaving and beard trimming, trichology, facial massage, manicure and pedicure, make-up, electrolysis and other beauty treatments, but not the manufacture of wigs.