How big is the skincare market in Australia?
Market Overview The Australian beauty and personal care products market was valued at USD 3.73 billion in 2020, and it is projected to register a CAGR of 3.87% during the forecast period (2021-2026).
How much is the skincare industry worth 2020?
The Cosmetic Skin Care market in the U.S. is estimated at US$39.2 Billion in the year 2020.
How much do Australians spend on beauty products?
Australians spend a staggering $22 billion on beauty when the home-grown sector is projected to reach only $6.7 billion by 2025. Consequently, much of the products consumed are imported.
What will the beauty industry be worth in 2025?
Total global beauty industry spending in 2020 was $483 billion, and the annual total is expected to top $716 billion by 2025.
What is the beauty industry worth 2021?
$603 billion
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 skincare?
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.
How big is the market for skincare?
Fortune Business Insights says that the global skincare industry was USD 133.90 billion in 2018 and is projected to reach USD 200.25 billion by 2026. At what CAGR is the skin care market projected to grow in the forecast period (2019-2026)?
How much is the beauty industry worth 2021?
The global beauty industry market is valued at $511 billion in 2021. 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.
Is the skin care industry growing?
Skincare, as a market segment, is growing faster than any other part of the beauty industry. Sales of skincare products grew by 13% last year in the United States, while makeup grew by only 1% in the same period. Online beauty retailers grew 24% in that time, with skincare leading the way.
Who are the major skin care companies in Australia?
The Australian skin care products market is highly fragmented, with some global as well as local players. The Global players, such as L’Oreal S.A., Procter & Gamble, Beiersdorf AG and Unilever, hold a prominent share. The mojor strategy the follow is product development followed by expansion of the company.
How big is the beauty and personal care market in Australia?
The Australian beauty and personal care products market was valued at USD 3.73 billion in 2020, and it is projected to register a CAGR of 3.87% during the forecast period (2021-2026). The COVID-19 crisis is likely to accelerate trends that were already shaping the market, such as the rise of the global middle class and the use of e-commerce.
Are there any sun care products in Australia?
Local players in the country have also developed premium sun care products that have successfully penetrated the domestic and international markets. Players, such as Australian Gold LLC, also offer a wide range of after sun, self-tanning, and sun protection products that are organic and cruelty-free products.
Are there any vegan beauty products in Australia?
In February 2021, G&M Cosmetics from Australia planned to launch more vegan beauty and baby care products. The company moved into the vegan beauty space with the acquisition of P’URE Papayacare skincare in 2019. Since then, it has extended the brand to 15 vegan-approved and certified products.