Beauty industry statistics, market share, and worth 70% Asia Pacific and North America account for more than 70% of the total market size Common Thread 4.75% The cosmetics industry has an annual growth rate of 4.75% worldwide Common Thread $716B Global beauty industry revenue is expect...
and hair care. Figures assume a relatively high range of gen AI impact on consumer packaged goods (1.4 to 2.3 percent of total industry revenue) because of the high impact of marketing and sales strategies in beauty.and early movers have already begun testing the t...
Shopping for beauty products – 2023 snapshot With revenue in excess of £75 billion worldwide and market growth at over 16%, beauty and cosmetics continue to be big business, bucking the trends for slower growth experienced by other industries. It’s a uniquely customer-driven industry where...
May 22, 2023- The glow of the beauty industry has proved hard to resist, attracting many new companies and investors. Brands must make differentiating choices to find success in this shifting and increasingly competitive landscape. Podcast
2023 Full Year Expected Revenue Range: $10 to $20MM Categories: Skincare, Color Cosmetics, Body Care Distribution Channels: Prestige Funding Rounds: Venture Capital In October 2021, INNBEAUTY Project landed a minority investment from Strand Equity and Beechwood Capital. In December 2022, INNBEAUTY ...
exclusively reserved for physical in-store shopping, the beauty industry is increasingly online. The beauty industry, broken into categories of beauty tech, cosmetics, fragrances, personal care, and skin care, is expected to generate$646.2 billion in 2024, up 3.3% from 2023’s overall revenue. ...
Revenue of the prestige cosmetics & fragrances market in the U.S. 2019-2029 Revenue of the prestige cosmetics & fragrances market in the U.S. 2019-2029 U.S. prestige beauty industry sales 2010-2024 U.S. prestige beauty dollar sales growth 2020-2024 U.S. beauty industry sales growth by ...
25x revenue YoY, 2.5x AOV, and profitability for the first time. Statistics: Beauty Industry Market Share & Growth in 2021 For the purpose of this report, we’ll divide beauty into three categories: skincare, color cosmetics (make-up), and fragrance. Though closely related, we’ve ...
To gather all of the brand advocates, the company created closed Slack groups and a loyalty program with special promotions and member-only offers. The founder of the company Emily Weiss credits90% of her company’s revenue growthto word of mouth advertising from brand advocates, most of whom...
“Beauty continues to be the darling of retail through the first half of 2023,” said Larissa Jensen, beauty industry advisor at Circana.