The beauty supply industry is a rapidly growing sector, with global revenue projected to reach $463.5 billion by 2027 and the hair extension market alone expected to hit $10 billion by 2023. In 2020, US sales of beauty supplies and equipment generated an estimated $13.7 billion in revenue while online sales accounted for 14% of total prestige beauty industry revenues in 2018. Organic and natural products are also gaining traction within the global beauty and personal care market, accounting for around 54% of its value at present.
In addition, other segments such as hair care ($116.33B), skin care (CAGR 5%), makeup brushes ($271M) cosmetics (expected growth rate 6-8%) Halal Beauty Products ($20B), men’s grooming products ($45B) have seen significant growth over recent years too – all contributing towards this booming industry’s success story. Furthermore, 25% of skincare/beauty products sold worldwide contain harmful ingredients; however sustainable packaging solutions are predicted to see a CAGR 8%. Finally 47% millennials say they recently rejuvenated their look with hair care product – indicating that there is still plenty more potential yet untapped from this evergreen sector.
This statistic is a testament to the immense success of the beauty supplies and equipment industry in the US in 2020. It highlights the fact that the industry has been able to generate a significant amount of revenue despite the challenges posed by the pandemic. This statistic is a clear indication of the industry’s resilience and potential for growth in the future.
Online sales of beauty products accounted for about 14% of industry revenue in the United States in 2018.
This statistic is a telling indication of the growing importance of online sales in the beauty products industry. It highlights the fact that more and more consumers are turning to the internet to purchase their beauty products, and that the industry is responding to this shift in consumer behavior by investing in online sales channels. This statistic is an important piece of information for anyone looking to gain insight into the current state of the beauty products industry.
Beauty Supply Industry Statistics Overview
Organic and natural beauty products account for around $54 billion of the global beauty and personal care market.
This statistic is a testament to the immense popularity of organic and natural beauty products in the global beauty and personal care market. It shows that consumers are increasingly turning to these products as a healthier and more sustainable alternative to traditional beauty products. This is an important trend that should be highlighted in any blog post about Beauty Supply Industry Statistics.
The skin care segment is projected to grow at a CAGR of 5.2% during the period of 2021-2028.
This statistic is a key indicator of the potential for growth in the beauty supply industry. It suggests that the skin care segment is expected to experience a steady increase in demand over the next few years, making it an attractive option for businesses looking to capitalize on the industry’s growth. With this in mind, it is important for those in the beauty supply industry to be aware of the potential for growth in the skin care segment and to plan accordingly.
In 2019, the global beauty supplement market was valued at $3.49 billion.
This statistic is a testament to the immense size and potential of the beauty supplement market. It shows that the industry is a lucrative one, with a vast amount of money being generated from it. This is an important piece of information for anyone interested in the beauty supply industry, as it provides an indication of the potential for growth and success.
The United States held the largest share of the beauty supply industry in 2020, representing 24.21% of the global market.
This statistic is a testament to the United States’ dominance in the beauty supply industry. It highlights the fact that the US is the leading player in the global market, with a staggering 24.21% share. This statistic is a valuable insight into the industry, and is essential for anyone looking to gain a better understanding of the beauty supply industry.
The false eyelashes market size was valued at $1.1 billion in 2018.
This statistic is a testament to the immense size of the false eyelashes market, highlighting the importance of the beauty supply industry. It shows that the industry is a major player in the global economy, and that it is continuing to grow. This statistic is a valuable insight into the industry, and can be used to inform decisions about investments, marketing strategies, and more.
The global makeup brushes market size was valued at $271.76 million in 2020.
This statistic is a telling indication of the immense potential of the beauty supply industry. It shows that the market for makeup brushes is already worth a staggering $271.76 million, and is likely to grow even further in the coming years. This is a clear sign that the beauty supply industry is a lucrative and ever-growing sector, and one that is worth investing in.
The cosmetics industry is expected to be driven by technology and eco-friendly innovations, with an anticipated $42.9 billion growth in revenue by 2030.
This statistic is a testament to the potential of the beauty supply industry, indicating that it is likely to experience a significant surge in revenue over the next decade. This is an exciting prospect for those involved in the industry, as it suggests that the sector is likely to remain a lucrative and dynamic one. Furthermore, the fact that this growth is expected to be driven by technology and eco-friendly innovations indicates that the industry is adapting to the changing needs of consumers, and is likely to remain competitive in the years to come.
Ethnic beauty products are experiencing rapid growth, with market value reaching $9.0 billion in revenue in 2020.
This statistic is a testament to the booming success of the beauty supply industry, particularly in the ethnic beauty products sector. It highlights the immense potential of this market and the increasing demand for products that cater to a diverse range of customers. This statistic is a clear indication that the beauty supply industry is thriving and is an important factor to consider when discussing the industry’s overall performance.
The vegan beauty products market was estimated to be worth $20.8 billion in 2021 and is expected to grow at a CAGR of 5.1% during 2021-2028.
This statistic is a testament to the growing popularity of vegan beauty products, indicating that the beauty supply industry is likely to experience a surge in demand for these products in the coming years. With a projected CAGR of 5.1%, this statistic is a clear indication that the vegan beauty products market is set to become an increasingly important part of the beauty supply industry.
Premium beauty supply brands and products are projected to outpace the mid-tier and value-priced segments, with a potential growth of around 6-8% per year, by 2021.
This statistic is a key indicator of the future of the beauty supply industry, showing that premium brands and products are expected to be the driving force of growth in the sector. This suggests that the industry is likely to become increasingly focused on high-end products, with mid-tier and value-priced segments taking a backseat. This is an important insight for anyone interested in the beauty supply industry, as it provides a glimpse into the direction the industry is likely to take in the coming years.
The extension of the market of Halal beauty products was worth approximately $20.53 billion in 2020.
This statistic is a testament to the immense potential of the Halal beauty products market. It shows that the industry is growing rapidly and is worth a staggering amount of money. This is a clear indication that the beauty supply industry is a lucrative one and that there is a great opportunity for businesses to capitalize on this trend. Furthermore, this statistic serves as a reminder that the beauty supply industry is an ever-evolving one and that businesses must stay up to date with the latest trends in order to remain competitive.
The global market for men’s grooming products was valued at $45.38 billion in 2018 and is expected to reach $62.55 billion by 2023.
This statistic is a testament to the booming beauty supply industry, indicating that the market for men’s grooming products is growing at a rapid rate. With a projected increase of nearly $17 billion in the next five years, it’s clear that the beauty supply industry is a lucrative and ever-expanding sector.
25% of the skincare and beauty products sold worldwide contain harmful and toxic ingredients.
This statistic is a stark reminder of the potential dangers lurking in the beauty supply industry. It highlights the need for consumers to be aware of the ingredients in the products they are using and to be mindful of the potential risks associated with them. It also serves as a warning to the industry to be more transparent about the ingredients they are using and to ensure that their products are safe for use.
Conclusion
The beauty supply industry is a rapidly growing market, with global revenue projected to reach $463.5 billion by 2027 and the hair extension market alone expected to hit $10 billion in 2023. The US generated $13.7 billion in sales of beauty supplies and equipment in 2020, while online sales accounted for 14% of total revenue that same year. Organic and natural products make up around 54% of the global beauty and personal care market, while hair care is estimated to be worth over 116 billion dollars by 2027. Skin care has seen an impressive CAGR (Compound Annual Growth Rate) growth rate of 5.2%, with makeup brushes valued at 271 million dollars last year as well as a booming false eyelashes segment reaching 1.1 billion dollars back in 2018 . Beauty supplements have also been on the rise since 2019 when they were valued at 3 point 49 Billion Dollars worldwide; meanwhile ethnic-specific products are experiencing rapid growth too – currently standing at 9 Billion Dollars globally – along with vegan cosmetics which are predicted to grow 5 times faster than other segments within this sector due mainly thanks technology & eco-friendly innovations driving it forward towards 42 point 9 Billion Dollar mark by 2030.. Premium brands will outpace mid tier & value priced ones 6-8 % per annum until 2021 , Halal certified items being worth approximately 20 point 53 Billions USDs right now ; Men’s grooming product having reached 45 point 38 billions USDs already but expecting 62 points 55 billions USDs come 2022; 25 percent skincare/beauty goods containing toxic ingredients plus sustainable packaging seeing 8 % Compound Annual Growth Rate from 2020 till end ‘2027 round off these figures nicely .
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