The median hourly wage for skincare specialists was $17.93 in May 2021. The global skincare market was valued at nearly $135 billion in 2018, increasing nearly 60% in the past 10 years. The global skincare product market is driven by the increasing demand for sun creams, body lotions, face moisturizers, and other skincare products. Total Market Share by Category. 17% of women stopped wearing makeup completely on account of the coronavirus. Anti aging serums, lotions and creams are used to renew skin elasticity, reduce puffiness, crow's feet and . Personal Care - 23% 6 . The cosmetics industry has an annual growth rate of 4.75% worldwide Common Thread $716B Global beauty industry revenue is expected to top $716 billion by 2025 Common Thread slowing in growth. Total global beauty sales have increased 14% in 2012 with the following revenue per category. During the lockdown, people had more time generally to focus on their skincare routines. The global anti-aging cosmetics market value sits at $38.62 billion. ( Statista) The company sells products under the hair color, skincare, sun protection, make-up, perfumes, and hair care categories. The global market is set to reach $20.80 billion by 2025. The skincare industry is rapidly growing thanks to greater awareness of the significance of skincare. 2. 19. The global vegan cosmetics market size is roughly $17 billion USD in 2022. Its market share in Western Europe was estimated at 20% in 2019. The US is 27% of the global vegan cosmetics market at $4.6 billion. Escalating demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market growth over the forecast period. The global impact of COVID-19 has been unprecedented and staggering, with skin nourishment products witnessing a negative demand shock across all regions amid the pandemic. However, 56% of millennials reported that they want to buy natural products but are unaware of any worth purchasing natural skincare products. The global natural skin care products market size was valued at USD 6.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. Skincare is the second-largest branch of the beauty industry, with more than 23% of its revenue. Sales of creams that are marketed . Other estimates have it at $21.40 billion by 2027. Across product categories, skincare made up 40% of the global cosmetic market in 2019. In 2015, the anti-aging market held a global value of $140.3 billion. The global skincare market size was USD 98.83 billion in 2020. 14. Acne usually begins in puberty and affects many adolescents and young adults. The global skin care products market size was valued at USD 130.50 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030. Globally, L'Oreal generated the most revenue in the global beauty industry in 2019, amounting to $33.4 billion. Cosmetics Industry Statistics. How much is the beauty industry worth? 8. China, the world`s second largest economy, is forecast to reach a projected market size of US$38.9 . Skincare Sales - $844 million 3. The 2019 Natural and Sustainable Skincare Insights study by Compose [d] indicates that 73% of millennials look for skincare products that are manufactured using methods with the least environmental impacts. Chinese market is estimated to grow at 7.9%, Canada 4.6%, Germany at 3.2% and Japan 2.8%. Statistics on the topic Global overview U.S. overview Category sales Consumer behavior Revenue of the skin care market worldwide 136bn USD Average revenue per capita of the global skin care market. And Trefis projects it to reach $180 billion an increase of over 30% in the. Approximately 85 percent of people between the ages of 12 and 24 experience at least minor acne. The global market value for skincare will reach $185.5 billion by 2027, growing at a CAGR of 3.6%, stats on skincare market size reveal. According to the estimations, the global beauty market will have a decline of 20%-30% due to the pandemic. Acne can occur at any stage of life and may continue into . Please connect with our sales team ( sales@marketsandresearch.biz ), who will ensure that you get a report that suits your needs.. 1. 8. Women in the US spend around $3,756 on cosmetics annually. The Australian skin care products market is projected to register a CAGR of 5.26% during the forecast period (2022-2027) The COVID-19 pandemic influenced consumers' spending habits and purchase decisions, leading to a slight decline in market growth. 4. (Statista) The latest skin care industry statistics just go to show the rising trend of using all-natural and organic products; no doubt spurred by the eco-conscious and financially savvy millennial generation. Acne is the most common skin condition in the United States, affecting up to 50 million Americans annually. The global skincare market is estimated to grow at a CAGR of 6.95% to reach a market size of US$310.920 billion in 2027 from US$194.300 billion in 2020. Asia-Pacific is one of the most diverse and dynamic markets in the cosmetic industry across the world in terms of many popular categories such as skincare, sun care, hair care, color cosmetics, deodorants, and fragrances, which are the most commonly used in this region. This report can be customized to meet the client's requirements. 7. 7. The global skin care market was valued at USD 135 billion in 2019 and is anticipated to reach USD 190 billion by 2026, expanding at a CAGR of 5% during the forecast period, 2020 - 2026. The global cosmetics industry should be worth $438.38 billion by 2026. Total global cosmetic sales in 2020 was a whopping $483 billion. Interesting Anti-Aging Industry Statistics #1. The Cosmetic Skin Care market in the U.S. is estimated at US$39.2 Billion in the year 2020. One of the primary factors driving the market is growing awareness about the adverse effects of chemicals on the skin, such as irritation and dullness Hand/body lotions are heavy providing a protective coating to hydrate and moisturize the skin. Skin care recorded close to a full recovery in 2021 in both retail volume and value sales terms, after recording single-digit value sales declines in 2020 as home seclusion and rising price-sensitivity focused consumers' attention on the most USD 1,195 According to Statista, globally, skincare and hair care are leading the way in the cosmetics industry. (Franchise Help) First place goes to hair care, with 24% of the industry's revenue. It follows that this trend will continue as consumers become more educated about sun damage indicating potential for growth within the subcategories of sun protection and anti-aging skincare products. (Statista) This means that the average person will spend 51.98 on cosmetics and personal care this year. About 13,500 openings for skincare specialists are projected each year, on average, over the decade. Meanwhile, in 2020, facial cosmetic sales generated $1.9 billion. Unlike other segments of the beauty industry, the coronavirus actually spurred skincare sales. In other words, 53% of women changed their skincare routine due to wearing masks and the blue light exposure. The 2022 global beauty industry market size is 395.7 billion. "As we have seen in other industries including apparel and footwear, beauty's online sales growth accelerated amid the brick-and-mortar closures this year. One of the most popular product lines offered by the anti-aging industry are skin care products. Skin care products are classified broadly under 5 categories: facial cleansers, facial moisturizers, anti aging products and hand/body lotion. But as growth has remained strong for beauty, it has slowed following the re-openings of physical stores across the country. Makeup Sales - $932 million 2. Industry Expertise. When it comes to the industry's future, stats show the beauty industry's worth is expected to grow by 3.76% per year between 2022 and 2026. Fragrance Sales - $501 million. 1. Facial Skin Care - 27% 5. In 2015, skincare product sales in the U.S. alone generated about $16 billion. Cosmetic Product Categories. The growth of the market is attributed to the increasing emphasis on hygiene. Job Outlook Employment of skincare specialists is projected to grow 17 percent from 2021 to 2031, much faster than the average for all occupations. So, while e-commerce sales have shown the . Approximately 58% of US women prefer organic and natural skincare products. With a forecast CAGR of 7.5%, the industry could hold a total value of $216.5 billion by 2021. . Over 30 % in the U.S. alone generated about $ 16 billion estimates. 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