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INDUSTRY STATISTICS
The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior regarding beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.
  • The worldwide beauty industry is worth today $511 billion, and will be worth $716 billion by 2026
  • Consumers are 40% more willing to try new beauty products than before the coronavirus pandemic
  • The organic and natural beauty product market is estimated to hit $54 billion in 2027
  • 25% of consumers want to buy only eco-friendly products
  • The personal care industry for men is estimated to hit $166 billion by 2022
  • The worldwide fragrance market is estimated to reach $52.4 billion by 2025
  • Skincare accounts for 42% of the worldwide cosmetic industry
  • The worldwide beauty industry is worth today $511 billion, and will be worth $716 billion by 2026
  • Consumers are 40% more willing to try new beauty products than before the coronavirus pandemic
  • The organic and natural beauty product market is estimated to hit $54 billion in 2027
  • 25% of consumers want to buy only eco-friendly products
  • The personal care industry for men is estimated to hit $166 billion by 2022
  • The worldwide fragrance market is estimated to reach $52.4 billion by 2025
  • Skincare accounts for 42% of the worldwide cosmetic industry