How big is the makeup market in the UK?

The UK’s beauty industry is worth £27 billion as of 2020 and ranks as the seventh largest cosmetics market in the world. According to comparison platform Finder though, the UK’s beauty industry is worth a whopping £27 billion as of 2020.

What is the market size of the beauty industry?

Beauty Industry Statistics and Market Research: Global & US. Globally, the industry is strong and only getting stronger. How big is the beauty industry? Up from $483B in 2020 to $511B in 2021 — and with an annual compounded growth rate of 4.75\% worldwide — it’s predicted to exceed $716B by 2025.

How big is the cosmetic industry 2020?

Total global sales in 2020 was a whopping $483 billion. With an annual growth rate of 4.75\%, total revenue is expected to top $716 billion by 2025. The Asia Pacific region has the biggest beauty industry market share, at 46\%, followed by North America at 24\%, and Western Europe at 18\%.

What is the market share of cosmetics industry?

The market research is offered along with information related to key drivers, restraints, and cosmetics market opportunities. Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.

Who buys the most makeup UK?

In the UK, the beauty industry employs over a million people and is worth £17 billion. Women aged 18 to 34 are the biggest portion of the cosmetics market, and they are more likely to be buying more than 10 types of products a year.

How much is the UK beauty industry worth 2019?

By 2019, this market was worth over 1.74 billion British pounds.

How much is the beauty industry worth 2021 UK?

The UK organic cosmetics market size is expected to grow to £339 million by 2025. The global beauty industry is estimated at $603 billion in 2021. Ecommerce accounted for roughly 22\% of beauty market sales in 2020.

Who is the target market for makeup?

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.

What age group buys the most makeup 2020?

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).

How many beauty brands are in the UK?

In the UK alone, over 14,000 ingredients are certified organic and over 15,000 beauty products are all-natural. The organic industry has had 10 years of consecutive revenue growth.

How much does the beauty industry contribute to the economy UK?

Within the report, it is shown that in 2018 the British beauty industry made a total contribution to UK GDP worth £28.4 billion; on top of this, it supported £7.0 billion in UK tax revenues in 2018, and consumer spending was valued at £27.2 billion.

How much is the makeup industry worth?

In its report titled, “Cosmetics Market, 2021-2028,” Fortune Business Insights mentions that the market stood at USD 277.67 billion in 2020. In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance.

How big is the cosmetics market in the UK?

The cosmetics boom in the UK happened in 2017, when the sector’s market value reached a staggering 9.8 billion British pounds. By 2019, the market value regressed slightly compared to the previous two years.

What is the forecast period of UK cosmetics products market research report?

United Kingdom cosmetics products market is projected to witness a CAGR of 3.89\% during the forecast period (2020 – 2025). The UK cosmetics products market is expected to experience solid value growth during the forecast period despite economic uncertainties and Brexit.

How big is the organic beauty industry in the UK?

In the UK, the sales value of certified organic health and beauty products currently stands at over 86 million British pounds. Although organic beauty may still be considered niche compared with conventional cosmetics, the growth in the industry has been nothing short of phenomenal, with sales tripling since 2010.

How big is the cosmetic industry in the US?

The cosmetic market is a growing industry in the United States. According to calculations, the U.S. cosmetic industry is projected to generate revenues of more than 60 billion U.S. dollars and employ about 63,816 people by 2016.