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This statistic depicts the estimated size of the global hair care market from 2012 to 2025. In 2018, the global hair care market is estimated to be worth about 87.9 billion U.S. dollars. Hair care products are formulated to help nourish and prevent hair damage resulting from dryness, pollution, and other factors.
As of May 2017, more than 50 percent of consumers in the United States, aged 18 to 29, purchased [almost] only or mainly organic skin care products. When purchasing organic beauty and personal care products, quality was chosen as the most important criteria by younger consumers.
The revenue of the U.S. cosmetic industry is estimated to amount to about 49.2 billion U.S. dollars in 2019. Since the early twentieth century, the production of cosmetics has been controlled by a handful of multi-national corporations.
Cosmetologist salary range: $25,000 – $80,000
Beauticians—also known as nail technicians or cosmetologists —usually focus on hairstyling but can cover other areas, such as nails, and makeup. Cosmetology focuses more on special cosmetics, skincare, and makeup.
This statistic depicts the estimated size of the global skin care market from 2012 to 2025. By 2025, the global skin care market is estimated to be 189.3 billion U.S. dollars. The skin care industry has witnessed a shift from demand from older consumers to a growing younger consumer base.
According to The NPD Group, in the first quarter of 2019 alone, sales of skin care jumped to $1.4 billion, with continued growth expected for 2020. Statistica estimates 3.5% annual increases through 2023, with the market reaching a predicted $180 billion in global spend by 2024.
A Large and Growing Market
The foodservice industry is nearly equal in size to food retailing: The food marketing system, including food service and food retailing, supplied about $1.77 trillion worth of food in 2019.
Let’s look at the typical target audience profile for this leading cosmetic brand. In terms of demographics, 88% of the audience are women, and more than half of the population is between the ages of 35-44 years old. We used Profiler’s auto-generated reports to dig deeper into different categories, such as age.
The 10 Global Biggest Industries by Revenue
- Global Oil & Gas Exploration & Production.
- Global Commercial Real Estate.
- Global Car & Automobile Sales.
- Global Car & Automobile Manufacturing. $2,976,5B.
- Global Direct General Insurance Carriers. $2,535,2B.
- Global Commercial Banks. $2,341,0B.
- Global Auto Parts & Accessories Manufacturing. $1,872,8B.
- Global Tourism. $1,541,0B.
According to marketresearch.com, the U.S cosmetic market is estimated to have generated a revenue close to $62 billion in 2016. Such statistics clearly reveal that there is plenty of business opportunities in the cosmetic industry. This also shows that your small cosmetic business can start making profit shortly.
Video games are a billion-dollar business and have been for many years. In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S. dollars.
Here are the top 10 luxury cosmetic brands, classed according to their media impact value, calculated in US dollars.
- 1 Nars : 180 540 356.
- 2 Lancôme : 134 370 477.
- 3 Dior beauty : 114 008 988.
- 4 Laura Mercier : 112 901 116.
- 5 Charlotte Tilbury : 91 395 872.
- 6 Estée Lauder : 82 161 629.
- 7 Chanel Beauty : 66 677 143.
TABS Analytics’ second annual U.S. Cosmetics Study found
that millennial women (ages 18 to 34) are the heaviest buyers of beauty products in the $13 billion cosmetics market (market size excludes skin care and hair care products).
Introduction. The Beauty industry covers a wide variety of personal products (skin care; color cosmetics; hair care; fragrances), beauty appliances (hair dryers; brushes; combs), services (salons; day spas) and related functions (packaging; supply chain).
The global apparel market is projected to grow in value from 1.3 trillion U.S. dollars in 2015 to about 1.5 trillion dollars in 2020, showing that the demand for clothing and shoes is on the rise across the world.
The United States apparel market was valued at approximately 368 billion U.S. dollars as of 2019, with leading retailers such as TJX and Macy’s each bringing in around over 20 billion U.S. dollars in sales.
The pub industry in the United Kingdom had a total estimated turnover over 22 billion British pounds. Managed, branded and franchised pubs generate the highest revenue, compared to independent, tenanted and leased premises. The UK pub industry is forcast to grow in value by 2021.
Over the time period observed, the market value of nail cosmetics in Great Britain fluctuated greatly, reaching a high point in 2016, at 238 million British pounds. As of December 2019, this value had fallen to 181.3 million British pounds.
The cosmetic industry has benefited from the increasing popularity of social media channels such as Instagram and YouTube. These platforms are not only highly influential amongst certain groups, but create a demand for beauty products and help fill the gap between cosmetics brands and consumers.
British women spend £10 billion annually on cosmetics and hair products. A new report has revealed that British women splurge on average £95.94 annually on make-up and a further £162.52 on hair products, totalling an annual total spend of £10 billion.
Between 2018 and 2019, the organic beauty industry’s revenue grew by 23%, the third-largest increase since 2010. The industry was making revenue worth £86.5 million in 2018, and it grew to no less than £106.4 million in 2019.
In 2018, the personal care products industry was responsible for 3.9 million direct and indirect jobs, representing 1.9% of total U.S. employment; $170.5 billion in labor income; $267.3 billion in our nation’s gross domestic product (GDP); and $64.8 billion in tax payments at the federal, state and local levels.
With plenty of research and thorough planning you can start your own cosmetics business.
- Research the industry.
- Familiarize yourself with FDA regulations.
- Create a niche for your product line.
- Decide who you want to buy from and sell to.
- Create business and marketing plans.
- Secure your start-up capital.