GITNUX MARKETDATA REPORT 2024

Must-Know Cosmetics Industry Statistics [Current Data]

In this post, we dive into the realm of the cosmetics industry, exploring a plethora of intriguing statistics that shed light on its dynamic landscape. From the rise of vegan cosmetics to the surging demand for personalized beauty products, these statistics offer a comprehensive snapshot of a thriving and ever-evolving sector. Join us as we uncover the latest trends and insights shaping the multi-billion-dollar world of cosmetics.

Statistic 1

"By 2023, the global vegan cosmetics market is expected to surpass USD 20.8 billion."

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Statistic 2

"Cosmetic procedures, including injectable products like Botox, were up by 15% in 2018 in the United States."

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Statistic 3

"The cosmetics industry in China has been growing rapidly with a CAGR of over 10% during 2014-2019."

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Statistic 4

"The global cosmetics market size was valued at approximately USD 380.2 billion in 2019."

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Statistic 5

"The personalized beauty market is expected to reach USD 45 billion by 2027."

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Statistic 6

"Men’s grooming products market was valued at USD 21.65 billion in 2020."

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Statistic 7

"Europe accounts for the largest cosmetics market in the world with about 39% share."

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Statistic 8

"South Korea is one of the top exporters of beauty products, with exports valued at USD 6.34 billion in 2019."

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Statistic 9

"The skincare segment is the largest segment in the global cosmetics market, accounting for about 40% of the total revenue."

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Statistic 10

"The demand for organic and natural cosmetics is increasing and was valued at USD 34.5 billion in 2018."

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Statistic 11

"The lipstick segment within the cosmetics industry is expected to surpass USD 10 billion by 2025."

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Statistic 12

"The U.S. accounts for the largest share of global cosmetic imports, worth approximately USD 55 billion in 2019."

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Statistic 13

"The online retail channel for cosmetics has experienced significant growth with a projected CAGR of 7% through 2025."

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Statistic 14

"L’Oréal is the leading cosmetics company worldwide with a market value of USD 147 billion as of 2020."

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Statistic 15

"Approximately 64% of women in the U.S. use makeup products daily."

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Statistic 16

"The halal cosmetics market size is projected to reach USD 78.7 billion by 2025, growing at a CAGR of 12.3% from 2019 to 2025."

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Statistic 17

"The demand for anti-aging products is expected to grow with a CAGR of 5.6% from 2020 to 2027."

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Statistic 18

"In 2020, around 50% of consumers in the U.S. stated that they had bought cosmetics online at least once."

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Statistic 19

"The cruelty-free cosmetics market is growing and was valued at approximately USD 18.5 billion in 2018."

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Statistic 20

"On average, a woman spends about USD 313 per month on cosmetics in the United States."

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The cosmetics industry is a dynamic and thriving sector with a multitude of trends shaping its landscape. From the rapid growth of vegan and organic cosmetics markets to the increasing demand for personalized beauty products, the industry is witnessing significant shifts driven by evolving consumer preferences. Key statistics point to the dominance of skincare products, the rise of online retail channels, and the strong foothold of major players like L’Oréal. With promising projections for various segments such as men’s grooming, halal cosmetics, and anti-aging products, the industry is poised for continued growth and innovation. The data underscores the resilience and adaptability of the cosmetics market, highlighting opportunities for brands to capitalize on emerging trends and cater to the diverse needs of consumers worldwide.

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