GITNUX MARKETDATA REPORT 2024

Must-Know Beauty Industry Statistics [Latest Report]

Highlights: The Most Important Beauty Industry Statistics

  • The global beauty industry is valued at over $500 billion.
  • The annual growth rate of the beauty industry from 2020 to 2025 is projected to be 4.75%.
  • The global skincare segment constitutes the largest product category at 39%.
  • By 2027, the global beauty and personal care products market is projected to reach $784.6 billion.
  • The market size for global organic beauty products is estimated to reach $22.8 billion by 2024.
  • In the United States, approximately 2 million people were employed in the beauty industry as of 2021.
  • The United States’ beauty and personal care market was valued at approximately $93.5 billion in 2019.
  • South Korea accounts for about 3% of the worldwide cosmetic market share.
  • By 2025, the global male grooming market is expected to reach $81.2 billion.
  • The global demand for natural beauty products is expected to reach $54.5 billion by 2027.
  • In 2019, the beauty industry produced nearly 30 million tons of plastic packaging.
  • Approximately 95% of beauty packaging is thrown away after just one use.
  • In 2018, the beauty industry was the second largest consumer of packaging, using about 146 billion units.
  • The global cosmetic surgery market is projected to reach $66.96 billion by 2026.
  • In 2020, L’Oreal was the leading beauty manufacturer worldwide, with a revenue of $31.85 billion.
  • Consumers aged 18-34 spend an average of $112.89 per month on beauty and personal care products in the US.
  • In 2019, there were more than 27,000 cosmetic and beauty stores in the United States.
  • E-commerce sales in the US beauty industry reached $12.7 billion in revenue in 2021.
  • In 2020, 3.9% of the worldwide beauty market was represented by organic beauty and personal care products.
  • Hair care is the fastest-growing segment in the beauty industry, with a projected 4% CAGR from 2018 to 2023.

Table of Contents

The beauty industry is a multi-billion dollar global market that continues to grow and evolve. From skincare products to hair care, the demand for natural beauty products has driven the growth of this sector over recent years. This blog post will explore some key statistics about the current state of the beauty industry, including its overall value, annual growth rate projections from 2020 to 2025, product categories with highest market share values, projected size by 2027 and more. We’ll also look at regional markets such as South Korea and United States in terms of their respective contributions to worldwide cosmetic sales figures as well as employment numbers within these countries’ industries. Additionally we’ll examine trends related to organic cosmetics production and consumption along with male grooming habits which have seen an increase in popularity recently. Finally we’ll take a closer look at packaging waste generated by this sector each year along with revenue earned through ecommerce channels in 2021 so far.

The Most Important Statistics
The global beauty industry is valued at over $500 billion. This statistic is a testament to the immense size and scope of the beauty industry. It speaks to the sheer magnitude of the industry, and the potential for growth and success within it. It also serves as a reminder of the importance of the beauty industry in the global economy, and the impact it has on people’s lives. The annual growth rate of the beauty industry from 2020 to 2025 is projected to be 4.75%. This statistic is a crucial indicator of the beauty industry’s future trajectory. It provides insight into the potential for growth and expansion in the industry, as well as the potential for new products and services to be developed. It also serves as a benchmark for businesses to measure their own performance against, allowing them to adjust their strategies accordingly. Ultimately, this statistic is a key piece of information for anyone interested in the beauty industry.

Beauty Industry Statistics Overview

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

This statistic is a testament to the immense popularity of skincare products in the beauty industry. It highlights the fact that skincare is the most sought-after product category, with a whopping 39% of the global beauty market share. This statistic is a clear indication of the importance of skincare in the beauty industry and the potential for growth in this sector.

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

This statistic is a testament to the immense potential of the beauty and personal care products market. It is a clear indication that the industry is growing and is expected to continue to do so in the coming years. This is an important piece of information for anyone interested in the beauty industry, as it provides insight into the current and future state of the market.

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

This statistic is a testament to the growing popularity of organic beauty products, indicating that the beauty industry is increasingly embracing natural ingredients and products. It is a sign that the industry is becoming more conscious of the environment and the health of its customers, and that the demand for organic beauty products is on the rise. This is an important statistic to consider when discussing the beauty industry, as it shows that the industry is evolving and adapting to the changing needs of its customers.

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

This statistic is a testament to the sheer size and scope of the beauty industry in the United States. It speaks to the fact that the beauty industry is a major employer, providing jobs to millions of people across the country. It also highlights the importance of the beauty industry in the US economy, and the potential for growth in the sector.

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

This statistic is a testament to the immense size and scope of the beauty and personal care industry in the United States. It serves as a reminder of the sheer amount of money that is being spent on beauty products and services, and the potential for growth in the industry. It also highlights the importance of the beauty industry to the US economy, and the potential for businesses to capitalize on this lucrative market.

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

This statistic is a testament to the fact that South Korea is a major player in the global beauty industry. It shows that the country has a significant influence on the market, and that its products and services are highly sought after. This is an important piece of information for anyone looking to gain insight into the beauty industry, as it provides a valuable glimpse into the industry’s competitive landscape.

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

This statistic is a testament to the growing importance of male grooming in the beauty industry. It shows that the male grooming market is expected to experience a significant surge in the coming years, indicating that the beauty industry is increasingly catering to the needs of men. This is a clear indication that the beauty industry is evolving to meet the changing needs of its customers, and that male grooming is becoming an increasingly important part of the industry.

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

This statistic is a testament to the growing popularity of natural beauty products, indicating that the beauty industry is on the rise. It is a clear indication that the beauty industry is a lucrative and ever-growing market, and that businesses should take advantage of this trend to maximize their profits. Furthermore, this statistic serves as a reminder that the beauty industry is an ever-evolving field, and that businesses should stay up-to-date with the latest trends and developments in order to remain competitive.

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

This statistic is a stark reminder of the beauty industry’s environmental footprint. With nearly 30 million tons of plastic packaging produced in 2019, it’s clear that the industry is contributing to the global plastic pollution crisis. This is an issue that needs to be addressed if we are to protect our planet and its inhabitants.

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

This statistic is a stark reminder of the immense waste generated by the beauty industry. It highlights the need for more sustainable practices and packaging solutions that can be reused or recycled. It also serves as a call to action for consumers to be more mindful of their beauty consumption habits and to make more conscious decisions when it comes to their beauty purchases.

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

This statistic is a telling indication of the sheer magnitude of the beauty industry’s impact on the environment. It highlights the need for the industry to take responsibility for its packaging waste and to find ways to reduce its environmental footprint.

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

This statistic is a testament to the immense potential of the beauty industry. It shows that the market for cosmetic surgery is growing rapidly, indicating that more and more people are turning to cosmetic procedures to enhance their appearance. This is a clear indication that the beauty industry is thriving and is likely to continue to do so in the future.

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

This statistic is a testament to the power of L’Oreal in the beauty industry. It shows that the company has been able to maintain its position as the leading beauty manufacturer worldwide, despite the challenges posed by the pandemic. This statistic is a clear indication of the company’s success in the beauty industry and its ability to remain competitive in a rapidly changing market.

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

This statistic is a telling indication of the power of the beauty industry in the US, particularly among younger consumers. It highlights the fact that young people are willing to invest in beauty and personal care products, and that the industry is thriving. This is an important piece of information for anyone looking to gain insight into the beauty industry, as it shows that there is a strong demand for these products.

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

This statistic is a testament to the booming beauty industry in the United States. It speaks to the sheer size and scope of the industry, and the fact that it is a major player in the economy. It also shows that there is a large and growing demand for beauty products and services, which is a great sign for the industry.

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

This statistic is a testament to the immense success of the US beauty industry in 2021. It highlights the incredible growth of e-commerce sales in the beauty sector, demonstrating the industry’s ability to adapt to the changing market and capitalize on the digital revolution. This statistic is an important indicator of the industry’s overall health and provides valuable insight into the current state of the beauty industry.

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

This statistic is a telling indication of the growing trend of organic beauty and personal care products in the beauty industry. It shows that more and more people are becoming conscious of the ingredients they use in their beauty products and are opting for organic alternatives. This statistic is a valuable insight into the current state of the beauty industry and can be used to inform decisions about product development and marketing strategies.

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

This statistic is a clear indication that the hair care sector of the beauty industry is on the rise. It shows that the industry is growing at a steady rate, and that it is likely to continue to do so in the coming years. This is important information for anyone interested in the beauty industry, as it provides insight into the current trends and potential opportunities for growth. It also serves as a reminder that the beauty industry is an ever-evolving field, and that staying up-to-date on the latest developments is essential for success.

Conclusion

The beauty industry is a rapidly growing and highly profitable sector, with the global market valued at over $500 billion in 2019. The annual growth rate of the beauty industry from 2020 to 2025 is projected to be 4.75%, while the global skincare segment constitutes the largest product category at 39%. By 2027, it’s estimated that this market will reach $784.6 billion worldwide due to an increasing demand for natural products and strong growth in its value. Additionally, organic beauty products are expected to make up 3.9% of total sales by 2024, reaching nearly $23 billion globally as consumers become more conscious about their purchases and environmental impact.

In terms of regional marketshare, South Korea accounts for approximately 3% of all cosmetics sold worldwide; meanwhile North America holds a large portion with US-based companies leading revenue generation within this region – generating around 93$5 billion dollars annually through both online and offline channels such as salons or retail stores which employ 2 million people across America alone according to 2021 data estimates . Furthermore male grooming has seen significant expansion recently too – worth 81$2billion by 2025– indicating further potential opportunities for businesses operating within this space moving forward into 2022/2023 onwards.. All these factors combined suggest that there’s still plenty room left for innovation when it comes down to creating new trends or services related specifically towards personal care & aesthetics , making now an ideal time invest resources into researching how best capitalize on current consumer needs & preferences going forwards

References

0. – https://www.westerncosmetics.com

1. – https://www.beautybusinessjournal.com

2. – https://www.grandviewresearch.com

3. – https://www.fortunebusinessinsights.com

4. – https://www.cosmeticsdesign.com

5. – https://www.marketwatch.com

6. – https://www.statista.com

7. – https://www.globenewswire.com

8. – https://www.emarketer.com

9. – https://www.investopedia.com

10. – https://www.rethinkfood.org

11. – https://www.datausa.io

12. – https://www.zerowaste.stanford.edu

13. – https://www.businesswire.com

14. – https://www.reuters.com

FAQs

What is the current global market value of the beauty industry?

The current global market value of the beauty industry is estimated to be around $532 billion.

Which region has the largest market share in the global beauty industry?

The Asia-Pacific region has the largest market share in the global beauty industry, accounting for approximately 37% of the market.

What are the major categories of products in the beauty industry?

The major categories of products in the beauty industry are skincare, haircare, makeup, fragrances, and personal care.

What factors contribute to the growth of the beauty industry?

The factors contributing to the growth of the beauty industry include an increasing focus on appearance and grooming, the influence of social media and beauty influencers, rising disposable incomes, awareness of different beauty products and treatments, and advancements in product formulations and packaging technologies.

Which beauty segment is witnessing the fastest growth in recent years?

The skincare segment is witnessing the fastest growth in the beauty industry, primarily due to increased consumer awareness about skin health, demand for natural and organic products, and innovations in product formulations.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents