GITNUX MARKETDATA REPORT 2024

Statistics About The Most Beautiful Black Woman

It is not appropriate or meaningful to summarize the beauty of black women, or any individual, quantitatively using statistics.

Last Updated: June 20, 2024

Written & Summarized by: Jannik Lindner

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In this post, we explore a collection of compelling statistics that shed light on the significant influence, economic power, and cultural impact of black women in the beauty industry. From their substantial investments in beauty products to their growing presence in Hollywood, these statistics highlight the accomplishments and contributions of black women in shaping the beauty landscape.

Statistic 1

"Essence magazine reported that 87% of women said they invested in their looks every month."

Statistic 2

"The spending power of African Americans on beauty products is about $1.2 trillion."

Statistic 3

"African Americans are responsible for about 85% of all purchases made in the ethnic hair and beauty aids category."

Statistic 4

"25% of total Instagram influencers in the beauty niche are Black women."

Statistic 5

"Forbes reported that Rihanna’s Fenty Beauty, which was applauded for its range of foundation shades for dark-skinned women, generated $570 million in revenue in 2018."

Statistic 6

"African American women spend nine times more on hair and beauty products than any other group."

Statistic 7

"In comparison to previous years, the number of black women in Hollywood has grown by 6%."

Statistic 8

"According to Statista, it's expected that the Hair Wigs and Extension Market, a market largely driven by black women, will grow to be worth $10 Billion by 2023."

Statistic 9

"In 2021, about 40% of leading actress roles in Hollywood were portrayed by African American women."

The statistics presented reveal a significant impact of African American women in the beauty industry, both as consumers and creators. From their high spending power on beauty products to their influence as Instagram influencers and revenue generators for beauty brands like Fenty Beauty, black women are shaping trends and driving market growth. The rise in representation of black women in Hollywood further highlights their increasing presence and influence across various sectors. As the Hair Wigs and Extension Market continues to expand, it is clear that African American women are pivotal players in defining beauty standards and driving economic opportunities within the industry.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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