How big is the cosmetics market in the US?

United States cosmetics market stood at USD95. 92 billion in 2020 and is anticipated to grow with a CAGR of 8.64% during the forecast period to reach USD155. 25 billion by 2026.

How much is the cosmetic industry worth United States?

The beauty and personal care market will hit a jaw-dropping market size of $716.6 billion by 2025. The US cosmetic market is worth a staggering $62.46 billion.

What is the market size of the cosmetic industry?

KEY MARKET INSIGHTS The global cosmetics market size was USD 277.67 billion in 2020.

What market structure is the cosmetics industry?

The makeup industry is a prime example of an Oligopoly.

Is the cosmetics industry growing?

This statistic shows the annual growth rate of the global cosmetics market from 2004 to 2021. In 2021, the global cosmetics market grew by an estimated eight percent compared to the previous sales year.

What is lacking in the beauty industry?

Chemical ridden products, vague ingredient labels, and hidden chemicals are three of the major problems with the beauty industry. All these problems stem from one major source: lack of regulation. Lack of regulation enables companies to put unsafe chemicals in products and vaguely label chemicals as “fragrances”.

How big is the cosmetic industry 2020?

The global cosmetics market size was valued at $380.2 billion in 2019, and is projected to reach $463.5 billion by 2027, registering a CAGR of 5.3% from 2021 to 2027. Presently, cosmetics have become an indispensable feature of modern lifestyle of individuals.

Which country uses the most cosmetics?

In 2018, United States was the leading consumer of beauty products worldwide based on value. The consumption value of beauty products in the U.S. amounted to about 89.71 billion U.S. dollars in that year.

What race buys the most makeup?

Overall, Hispanic women are the most likely to use makeup. The number is more than 86 percent across all age groups.

Who buys the most makeup?

millennial women
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).

Who is the target market for cosmetics?

women
Hence, from a generic point of view, a typical cosmetics business dealing in make-up items and other skincare products will primarily have women, aged 18 and above as its target market.