GITNUX MARKETDATA REPORT 2024

The Most Surprising Beauty And Personal Care Industry Statistics in 2024

Statistic 1

"E-commerce accounts for nearly 30% of beauty and personal care sales."

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Statistic 2

"The U.S. beauty and personal care market is the largest, valued at $93.1 billion in 2021."

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Statistic 3

"Millennials account for nearly 30% of the market demand in the beauty industry."

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Statistic 4

"In 2020, the global hair care segment was valued at $75 billion."

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Statistic 5

"The premium segment in beauty and personal care products grows at a rate of 8% annually."

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Statistic 6

"The global beauty industry is valued at $511 billion."

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Statistic 7

"The global market for makeup is projected to reach $85 billion by 2024."

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Statistic 8

"The Asia-Pacific region accounts for nearly 35% of the global beauty market."

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Statistic 9

"CBD-infused beauty products are expected to reach a market value of $1.7 billion by 2025."

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Statistic 10

"Online sales of beauty and personal care products increased by 17% in 2020."

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Statistic 11

"Lip products alone represent a $13 billion segment in the global beauty market."

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Statistic 12

"By 2025, the global beauty and personal care market is expected to exceed $716 billion."

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Statistic 13

"China is the fastest-growing market for beauty and personal care, with a growth rate of 12% annually."

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Statistic 14

"Over 40% of beauty product consumers use mobile apps to explore and purchase products."

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Statistic 15

"Natural and organic products represent a $13 billion segment in the beauty industry."

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Statistic 16

"Social media influences 71% of consumer buying decisions in beauty products."

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Statistic 17

"The skincare segment represents around 40% of the global beauty market."

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Statistic 18

"The average woman spends around $313 monthly on her appearance."

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Statistic 19

"Men’s grooming products have seen a 7% annual growth rate over the past five years."

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Statistic 20

"55% of consumers prefer to purchase beauty products from brands with sustainable practices."

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