What is the cosmetic market?
What is the cosmetic market? The cosmetic industry describes the industry that manufactures and distributes cosmetic products. These include colour cosmetics, like foundation and mascara, skincare such as moisturisers and cleansers, haircare such as shampoos, conditioners and hair colours, and toiletries such as bubble bath and soap.
How big is the cosmetic market?
The market size, measured by revenue, of the Cosmetic & Beauty Products Manufacturing industry is $47.7bn in 2022.
What is the target market for cosmetics?
Examples of Target Markets
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.
Who owns the cosmetic market?
L’Oreal leads the beauty and cosmetics market with about $33.4 billion in revenue over 2019, followed by Unilever, Estee Lauder, and P&G, which posted revenues of $24.5 billion, $14.9 billion, and $12.9 billion, respectively. All beauty & cosmetic companies have seen a growth in revenue base from 2015 to 2019.
