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24 Powerful Cosmetics Industry Statistics [2023]: What’s Trending In The Beauty Business?
http://www.zippia.com/advice/cosmetics-industry-statistics/
Mar. 2, 2023
The cosmetics industry is one of the most valuable markets globally, and the United States is largely to thank for that. With more and more people across the nation buying personal care and beauty products, the cosmetics industry is growing fast. After extensive research, our data analysis team found:
Approximately $49.2 billion is generated by cosmetics sales in the United States each year.
On average, Americans spend between $244 and $313 on cosmetics every month.
The global cosmetics industry is valued at $571.10 billion.
The cosmetics industry is growing at a rate of 3.8% each year.
Personal care products make up 44.4%, with a market volume of $253.3 billion of the cosmetics industry, representing the largest segment of the market.
In 2020, the beauty and cosmetics market fell by 8% as a result of COVID-19.
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What is really interesting . . . is how Sire Ribit KNEW those things.
Zim.