Beauty 2021-2024 Decoded - Global Cosmetic Industry

While brick-and-mortar retook its dominance in 2021, e-commerce remained elevated compared to 2019, per NPD data. As of the end of January 2022, brick-and-mortar channels comprised 65% of sales, co… See more

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Beauty 2021-2024 Decoded - Global Cosmetic Industry

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Beauty 2021-2024 Decoded | Global Cosmetic Industry

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Feb 14, 2022 · Beauty 2021-2024 Decoded. Feb 14th, 2022. Jeb Gleason-Allured, content director. ... U.S. prestige beauty sales in 2021 grew 30% year-over-year, totaling $22.3 billion, compared to $20.9 billion in pre-pandemic 2019, per data presented by ...

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The State Of Beauty: 2021 & Beyond | Global Cosmetic Industry

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Feb 16, 2021 · 2020 U.S. prestige beauty sales totaled $16.1 billion in 2020, per NPD, a 19% drop from 2019. In effect, the decline shaved away the last five years of incremental industry …

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The Beauty Category’s Dynamic Growth: A 2024 Mid-Year Update

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Aug 9, 2024 · Over the past year, online beauty sales surged by 14.1%, contributing significantly to the overall 8.5% growth in the beauty market, which now stands at $104.9 billion. This growth is not just limited to the US; global markets are also witnessing similar trends. In APAC, the 12.3% growth rate is fueled by strong online sales in China and South ...

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The Beauty Market In 2023: New Industry Trends | McKinsey

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May 22, 2023 · The State of Fashion: Beauty. (83 pages) In 2022, the beauty market—defined as skincare, fragrance, makeup, and haircare—generated approximately $430 billion in revenue. …

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How The Beauty Industry Will Evolve In 2024 - 10 New Beauty …

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Dec 28, 2023 · 4/ Body care will boom for two big reasons. Our ‘skinvestments’ no longer stop at our neck: in 2021 the global skincare body product market was valued at $26.93 billion, something that ...

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A Focus On The Global Cosmetics Industry Landscape: Part I

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Jun 21, 2024 · According to Euromonitor’s data, in 2023 the global beauty and personal care industry was valued at ($570bn US dollars), which was up by 9.3% compared to 2022. Hood noted that there was around 4% increase on growth from 2021 to 2022, without including inflation. And that looking at a five-year period up to 2028, the compound annual growth ...

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Cosmetics - Worldwide | Statista Market Forecast

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Worldwide. The revenue in the Cosmetics market in 2024 is projected to reach US$108.40bn. It is anticipated that the market will experience an annual growth rate of 4.08% (CAGR 2024 …

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31 Beauty Industry Statistics 2024 (Worldwide & Market Data)

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Nov 7, 2024 · The beauty industry is estimated to be worth $599.33 billion in 2024. The industry was valued at $528.6 billion worldwide in 2022 and is projected to reach $688.89 billion by …

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World Market For Beauty And Personal Care - Euromonitor.com

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Jun 4, 2021 · Global beauty and personal care declined -3.3% in constant terms in 2020, down from 1.9% in 2019. Western Europe accounted for the highest value shares of absolute value …

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North America Cosmetics Market Expansion & Size [2030]

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Oct 28, 2024 · North America is the third largest region in the global cosmetics market. It is projected to record a CAGR of 3.8% during the forecast period. The global market is projected …

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The Beauty 2020-2030 Forecast - Global Cosmetic Industry

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Apr 2, 2020 · U.S. sales data. U.S. prestige beauty sales totaled $19 billion in 2019. Combined prestige and direct retail sales for the period totaled $29 billion, with prestige comprising 68% …

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Beauty & Personal Care - Global | Statista Market Forecast

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Worldwide. Highlights. The Beauty & Personal Care market worldwide is projected to generate a revenue of US$648.60bn in 2024. The market is expected to grow at an annual rate of 3.11% …

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FAQs about Beauty 2021-2024 Decoded - Global Cosmetic Industry Coupon?

Will the beauty industry continue to grow in 2023?

The global beauty industry continued to grow in 2023, but the dynamics driving sector growth are shifting. A new analysis shows some emerging bright spots and how players can compete. ...

How much money will the cosmetic industry generate in 2024?

The cosmetic industry is predicted to generate $108.41 billion in 2024, while in 2023, the industry generated a revenue of $103.82 billion. The revenue generated by the cosmetic market segment of the beauty & personal care market is forced to increase by $25.1 billion between 2023 and 2028. This will be a 24.18% increase in the revenue. ...

How did the beauty market perform in 2023?

The beauty market’s 10 percent growth in 2023 exceeded industry forecasts across nearly all regions (Exhibit 1). The Asia–Pacific region, excluding China and Australia, remained the largest region by retail sales in 2023, growing at a 10 percent rate over the previous year. ...

What trends will reshape beauty innovation in 2024?

Mood-boosting technologies, a focus on longevity vs. anti-aging, and other trends are set to reshape beauty innovation in 2024 and beyond. Photo by Glittering Humanity at Adobe Stock. ...

How much is the beauty industry worth in 2028?

The beauty industry is booming with the increase in e-commerce sales, generating over $100 billion in revenue through online and offline sales worldwide. According to the latest forecast, the industry is projected to reach a market value of $128.89 billion by 2028. This post includes the latest figures about the beauty industry and its sectors. ...

How important is the cosmetics market in North America in 2023?

The cosmetics market in North America held 23.8% of the global revenue in 2023. The increasing number of consumers who are conscious about their appearance and the growing adoption of cosmetic products among middle- and high-income individuals support the sales of cosmetic products in the region. ...