Growth rate of the global cosmetics market 2004-2019

This statistic shows the annual growth rate of the global cosmetics market from 2004 to 2019. In 2018, the global cosmetics market grew by an estimated 5.5 percent compared to the previous sales year.

Global Cosmetics Market

Since the early twentieth century, the production of cosmetics has been controlled by a handful of multi-national corporations. The global cosmetics industry is broken down into six main categories; skin care being the largest one out of them all, accounting for 36.4 percent of the global market in 2016.

In recent years, consumers have been spending higher levels of disposable income on cosmetics than they had in the past. Unfortunately, the global financial crisis has put a damper on the market and during those years, more affordably priced merchandise and do it yourself at home products were key in the beauty market. However, in recent years as Generation Y has really entered the job market, they have become a big driver of the cosmetics market; especially in the United States. The United States is the biggest cosmetic market in the world, with an estimated total revenue of about 62.46 billion U.S. dollars and employing about 63,816 people by 2016.

In the coming years, global cosmetic companies will continue to focus their efforts on product innovation in order to attract new consumers and keep existing consumers loyal to specific brands.

Annual growth of the global cosmetics market from 2004 to 2019*

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Source

Release date

March 2020

Region

Worldwide

Survey time period

2004 to 2019

Supplementary notes

* L'Oréal estimates of worldwide cosmetics market based on net manufacturer prices excluding soap, toothpaste, razors and blades. Excluding currency fluctuations.
Figures from 2006 to 2014 have been taken from previous reports.

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Statistics on "Estée Lauder"

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