GITNUX MARKETDATA REPORT 2024

Must-Know Beauty Industry Statistics [Latest Report]

In this post, we will explore key statistics and trends shaping the global beauty industry. From the industry’s multi-billion dollar valuation to projections for specific market segments and consumer behaviors, these statistics provide valuable insights into the dynamic world of beauty and personal care products.

Statistic 1

"The global beauty industry is valued at over $500 billion."

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Statistic 2

"The annual growth rate of the beauty industry from 2020 to 2025 is projected to be 4.75%."

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Statistic 3

"The global skincare segment constitutes the largest product category at 39%."

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Statistic 4

"By 2027, the global beauty and personal care products market is projected to reach $784.6 billion."

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Statistic 5

"The market size for global organic beauty products is estimated to reach $22.8 billion by 2024."

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Statistic 6

"In the United States, approximately 2 million people were employed in the beauty industry as of 2021."

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Statistic 7

"The United States’ beauty and personal care market was valued at approximately $93.5 billion in 2019."

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Statistic 8

"South Korea accounts for about 3% of the worldwide cosmetic market share."

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Statistic 9

"By 2025, the global male grooming market is expected to reach $81.2 billion."

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Statistic 10

"The global demand for natural beauty products is expected to reach $54.5 billion by 2027."

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Statistic 11

"In 2019, the beauty industry produced nearly 30 million tons of plastic packaging."

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Statistic 12

"Approximately 95% of beauty packaging is thrown away after just one use."

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Statistic 13

"In 2018, the beauty industry was the second largest consumer of packaging, using about 146 billion units."

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Statistic 14

"The global cosmetic surgery market is projected to reach $66.96 billion by 2026."

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Statistic 15

"In 2020, L’Oreal was the leading beauty manufacturer worldwide, with a revenue of $31.85 billion."

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Statistic 16

"Consumers aged 18-34 spend an average of $112.89 per month on beauty and personal care products in the US."

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Statistic 17

"In 2019, there were more than 27,000 cosmetic and beauty stores in the United States."

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Statistic 18

"E-commerce sales in the US beauty industry reached $12.7 billion in revenue in 2021."

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Statistic 19

"In 2020, 3.9% of the worldwide beauty market was represented by organic beauty and personal care products."

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Statistic 20

"Hair care is the fastest-growing segment in the beauty industry, with a projected 4% CAGR from 2018 to 2023."

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The global beauty industry is thriving, with a current value of over $500 billion and projected steady growth in the coming years. Skincare products dominate the market, with the organic beauty segment also seeing significant expansion. The industry is also facing sustainability challenges, with a staggering amount of plastic waste generated from packaging. Consumer spending on beauty and personal care products remains strong, particularly among the younger demographic. E-commerce continues to play a significant role in the industry’s revenue growth, while hair care emerges as the fastest-growing segment. Overall, the beauty industry’s dynamic landscape presents opportunities for innovation and sustainability moving forward.

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