Summary
- • The global cosmetics market size was valued at USD 380.2 billion in 2022
- • The global cosmetics market is expected to grow at a CAGR of 5.3% from 2023 to 2030
- • Skincare segment accounted for the largest revenue share of 39.9% in 2022
- • L'Oréal S.A. was the leading beauty manufacturer worldwide in 2022, generating about 38.26 billion euros in revenue
- • Asia Pacific dominated the global cosmetics market with a revenue share of 41.0% in 2022
- • The global organic cosmetics market size was valued at USD 19.6 billion in 2022
- • The global male grooming products market size was valued at USD 55.5 billion in 2021
- • E-commerce sales in the beauty industry are projected to reach $145 billion by 2025
- • The global cosmetic packaging market size was valued at USD 30.3 billion in 2022
- • The global halal cosmetics market size was valued at USD 39.09 billion in 2021
- • The global vegan cosmetics market size was valued at USD 16.6 billion in 2021
- • The global cosmetic ingredients market size was valued at USD 26.94 billion in 2022
- • The global anti-aging cosmetics market size was valued at USD 42.51 billion in 2022
- • The global color cosmetics market size was valued at USD 68.8 billion in 2022
- • The global natural cosmetics market size was valued at USD 36.3 billion in 2019
Are you ready to dive into a world of beauty and billions? Were here to unpack the jaw-dropping numbers that drive the Global Cosmetics Industry, where USD 380.2 billion is just the tip of the makeup palette iceberg. From the dominance of the skincare segment to the rise of halal, vegan, and organic products, and even the explosive growth in male grooming, buckle up for a rollercoaster ride through the world of beauty business statistics like never before. Lets brush on some figures, blend some data, and contour our knowledge of this lucrative industry!
Cosmetic Procedures
- The global cosmetic lasers market size was valued at USD 1.9 billion in 2022
- The global cosmetic surgery market size was valued at USD 63.4 billion in 2021
- The global cosmetic dentistry market size was valued at USD 27.4 billion in 2022
- The global cosmetic lasers market is expected to reach USD 3.9 billion by 2030
- The global cosmetic surgery market is expected to reach USD 145.7 billion by 2030
- The global cosmetic dentistry market is expected to reach USD 54.5 billion by 2030
Interpretation
In a world where beauty standards are as ever-changing as a TikTok trend, the global cosmetic industry continues to thrive like a well-moisturized skin. With the cosmetic lasers market shooting up to $1.9 billion in 2022 and expected to skyrocket to $3.9 billion by 2030, it seems like we're all on a mission to zap those imperfections away. Meanwhile, the cosmetic surgery market valued at a whopping $63.4 billion in 2021 is poised to inflate even further to $145.7 billion by 2030, proving that we are truly living in the era of "nip and tuck." Not to be outshone, the cosmetic dentistry market is also flashing its pearly whites with a value of $27.4 billion in 2022 and an anticipated grin-worthy figure of $54.5 billion by 2030. It's clear that when it comes to investing in our appearances, the global population isn't afraid to open their wallets wider than a confident smile.
E-commerce
- E-commerce sales in the beauty industry are projected to reach $145 billion by 2025
Interpretation
The cosmetics industry is set to undergo a glam-tastic digital makeover with e-commerce sales projected to hit a dazzling $145 billion by 2025. This forecast doesn't just mean a barrage of beauty products flooding our screens, but also hints at a transformation in how we define beauty and how we shop for it. So, grab your highlighter and get ready to contour your way through the virtual aisles, because the future of beauty is just a click away!
Halal Cosmetics
- The global halal cosmetics market size was valued at USD 39.09 billion in 2021
- The global halal cosmetics market is expected to reach USD 131.41 billion by 2030
Interpretation
The booming global halal cosmetics industry is not only a testament to the evolving consumer preferences towards ethical and cruelty-free beauty products but also a significant economic force to reckon with. With a staggering projected growth to reach USD 131.41 billion by 2030, it's clear that halal cosmetics are no longer a niche market but a mainstream powerhouse. This exponential rise underscores the increasing demand for products that align with religious beliefs and lifestyle choices, proving that beauty knows no bounds when it comes to embracing diversity and inclusivity.
Ingredients
- The global cosmetic ingredients market size was valued at USD 26.94 billion in 2022
- The global cosmetic preservatives market size was valued at USD 348.9 million in 2022
- The global cosmetic antioxidants market size was valued at USD 131.5 million in 2022
- The global cosmetic chemicals market size was valued at USD 22.47 billion in 2022
- The global cosmetic pigments market size was valued at USD 645.5 million in 2022
- The global cosmetic preservatives market is expected to reach USD 531.2 million by 2030
- The global cosmetic antioxidants market is expected to reach USD 191.9 million by 2030
- The global cosmetic chemicals market is expected to reach USD 31.84 billion by 2030
- The global cosmetic pigments market is expected to reach USD 1.01 billion by 2030
Interpretation
In a world where beauty knows no bounds, the global cosmetic industry continues to paint a picture of economic allure. From shimmering pigments to protective antioxidants, the market dances to the tune of billions, showing no signs of pulling back on the brush. As we gaze into the crystal ball of 2030, it seems the canvas will only grow more vibrant, with preservatives fighting the good fight against expiration dates and chemicals concocting new formulas for flawless skin. So, whether you're a cosmetic connoisseur or a skincare novice, rest assured that the beauty industry's palette is ever-expanding, promising a colorful future for all who are open to its transformative artistry.
Key Players
- L'Oréal S.A. was the leading beauty manufacturer worldwide in 2022, generating about 38.26 billion euros in revenue
- Unilever was the second-largest beauty manufacturer worldwide in 2022, with revenue of about 23.8 billion euros
- Estée Lauder Companies Inc. was the third-largest beauty manufacturer worldwide in 2022, with revenue of about 17.74 billion dollars
- Procter & Gamble was the fourth-largest beauty manufacturer worldwide in 2022, with beauty segment revenue of about 14.4 billion dollars
- Shiseido Company, Limited was the fifth-largest beauty manufacturer worldwide in 2022, with revenue of about 7.7 billion dollars
Interpretation
In the cutthroat world of cosmetics, the beauty giants have once again battled it out for the top spots. L'Oréal continues to reign supreme, flaunting its 38.26 billion euros like the crown jewels of the industry. Unilever, always the bridesmaid, never the bride, claims the runner-up position with a hefty 23.8 billion euros. Estée Lauder struts in at third place, proving that timeless elegance still pays off in the modern market. Meanwhile, Procter & Gamble and Shiseido snatch the fourth and fifth spots, proving that in this business, success is not just skin deep—it's all about the numbers that make us look good.
Male Grooming
- The global male grooming products market size was valued at USD 55.5 billion in 2021
- The global male grooming products market is expected to reach USD 115.5 billion by 2028
Interpretation
The soaring figures of the global male grooming products market are a clear reflection of a modern man who is not only well-dressed but also meticulously groomed. From beard oils to skincare serums, it seems that the era of the rugged, unkempt look is long gone. As the market projected to double in size by 2028, it appears that men all around the world are investing in their appearance as much as their female counterparts. So, gentlemen, remember, a well-groomed appearance is not just a trend, it's a lucrative industry set to only grow further.
Market Growth
- The global cosmetics market is expected to grow at a CAGR of 5.3% from 2023 to 2030
- The global cosmetics ODM/OEM market is expected to expand at a CAGR of 6.4% from 2023 to 2030
Interpretation
The global cosmetics industry is set to bloom like a perfectly blended foundation, with a projected growth rate that would make even the most stubborn mascara clump look impressive. As the world continues to embrace self-care and skincare routines with the fervor of a beauty vlogger capturing a makeup tutorial, the demand for cosmetic products shows no sign of dimming. With an expected increase in both the overall cosmetics market and the ODM/OEM market, it seems that everyone wants a piece of the beauty pie – or perhaps in this case, a perfectly arched brow.
Market Segments
- The global luxury cosmetics market size was valued at USD 52.74 billion in 2021
- The global luxury cosmetics market is projected to reach USD 81.24 billion by 2029
- The global cosmetics ODM/OEM market size was valued at USD 29.3 billion in 2022
Interpretation
The global cosmetics industry is painting a picture of lavish beauty and booming business, with the luxury segment exuding confidence as it flaunts its USD 52.74 billion price tag for 2021 and a dazzling projected surge to USD 81.24 billion by 2029. Not to be outshone, the cosmetics ODM/OEM market has also added its own color, boasting a USD 29.3 billion valuation in 2022. It seems that the world's quest for beauty knows no bounds, as these figures remind us that in this industry, looking good is not just skin deep—it's a multi-billion-dollar endeavor.
Market Size
- The global cosmetics market size was valued at USD 380.2 billion in 2022
- The global cosmetics market is expected to reach USD 580.49 billion by 2030
Interpretation
The global cosmetics industry is not just about enhancing beauty; it's also a powerhouse of economic potential. With a projected growth reaching USD 580.49 billion by 2030, it's clear that in the world of makeup and skincare, the numbers are as bold and vibrant as the colors on a palette. So, whether it's a fierce red lipstick or a soothing moisturizer, the beauty business is painting a pretty picture for investors and consumers alike.
Organic Cosmetics
- The global organic cosmetics market size was valued at USD 19.6 billion in 2022
- The global natural cosmetics market size was valued at USD 36.3 billion in 2019
- The global organic personal care market is expected to reach USD 32.3 billion by 2030
- The global natural cosmetics market is projected to reach USD 54.5 billion by 2027
Interpretation
The beauty industry is experiencing a seismic shift towards natural and organic products, with numbers that speak volumes. It seems like the world is finally waking up to the importance of clean beauty, with consumers increasingly seeking out products that not only enhance their appearance but also promote overall well-being. As the demand for transparency and sustainability continues to grow, it's clear that the future of cosmetics lies in embracing nature's purest ingredients. So, while these figures may just be numbers on a screen, they represent a larger trend towards a more conscious approach to self-care and beauty.
Packaging
- The global cosmetic packaging market size was valued at USD 30.3 billion in 2022
- The global cosmetic packaging market is expected to reach USD 40.9 billion by 2030
- The global cosmetic bottles market size was valued at USD 3.5 billion in 2022
- The global cosmetic tubes market size was valued at USD 2.5 billion in 2022
- The global cosmetic jars market size was valued at USD 2.1 billion in 2022
- The global cosmetic pencil and pen packaging market size was valued at USD 2.9 billion in 2022
- The global cosmetic bottles market is expected to reach USD 5.3 billion by 2030
- The global cosmetic tubes market is expected to reach USD 3.8 billion by 2030
- The global cosmetic jars market is expected to reach USD 3.2 billion by 2030
- The global cosmetic pencil and pen packaging market is expected to reach USD 4.4 billion by 2030
Interpretation
The global cosmetic packaging market is not just about making products look pretty; it's a serious business with big bucks behind it. As the industry continues to evolve, one thing is clear – consumers are willing to pay for that extra touch of luxury, whether it's in a sleek bottle, a chic tube, a classy jar, or even a fancy pencil and pen packaging. By 2030, the market is poised to hit a whopping USD 40.9 billion, proving that beauty truly does come at a price, and it's a price many are more than willing to pay. So, next time you're tempted by that gorgeous packaging, just remember, you're not just buying cosmetics, you're investing in an industry that's nothing short of a global economic powerhouse.
Product Segments
- Skincare segment accounted for the largest revenue share of 39.9% in 2022
- The global anti-aging cosmetics market size was valued at USD 42.51 billion in 2022
- The global color cosmetics market size was valued at USD 68.8 billion in 2022
- The global CBD skin care market size was valued at USD 952.9 million in 2022
- The global cosmetic skin care market size was valued at USD 145.3 billion in 2020
- The global anti-aging cosmetics market is expected to reach USD 93.1 billion by 2030
- The global color cosmetics market is expected to reach USD 108.4 billion by 2030
- The global CBD skin care market is expected to reach USD 3.43 billion by 2030
- The global cosmetic skin care market is projected to reach $274.5 billion by 2030
- The haircare segment is expected to witness the fastest CAGR of 5.8% from 2023 to 2030
- The skincare segment dominated the cosmetics ODM/OEM market with a share of 31.2% in 2022
Interpretation
In the high-stakes world of cosmetics, where the quest for eternal youth collides with the lucrative business of beauty, the numbers tell a sparkling tale. Skincare reigns supreme, boasting the largest revenue share in 2022, while the anti-aging market flexes its billion-dollar muscles. The color cosmetics sector dazzles with its eye-popping figures, and the rising star of CBD skin care is making its mark with impressive growth projections. As the industry races towards a projected $274.5 billion milestone by 2030, haircare emerges as the dark horse with its promising trajectory. In this glittering galaxy of beauty, one thing is clear - when it comes to cosmetics, the numbers don't lie, and the competition is fierce.
Regional Analysis
- Asia Pacific dominated the global cosmetics market with a revenue share of 41.0% in 2022
- North America accounted for a revenue share of 24.0% in the global cosmetics market in 2022
- Europe held a revenue share of 22.0% in the global cosmetics market in 2022
- The Middle East & Africa region is expected to witness the fastest CAGR of 6.1% in the cosmetics market from 2023 to 2030
Interpretation
The beauty battleground rages on as Asia Pacific flaunts its top spot in the global cosmetics market, proving that when it comes to beauty, East truly meets West. While North America and Europe hold their own with enviable revenue shares, it's the Middle East & Africa region that's poised to steal the show in the coming years with a CAGR sprint that even the boldest lipstick can't keep up with. Watch out, world – there's a new face on the beauty scene, and it's glowing with potential.
Vegan Cosmetics
- The global vegan cosmetics market size was valued at USD 16.6 billion in 2021
- The global vegan cosmetics market is expected to reach USD 28.5 billion by 2028
