Cosmetics and makeup industry Statistics

Cosmetics and makeup industry Statistics

Statistics and facts on the Cosmetic Industry

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; skincare being the largest one out of them all, accounting for 35.3 percent of the global market in 2014.

The United States is the biggest cosmetic market in the world. It is estimated that its total revenue will exceed about 62 billion U.S. dollars and employ about 63,816 people by 2016. One of the leading beauty cosmetic company's in the United States is Procter & Gamble. In 2014, P&G generated 29.4 billion U.S. dollars in net sales as compared to 29.2 billion U.S. dollars the year before.

The cosmetic industry seems to be continuously developing, now more than ever with the advent of internet companies. About 17.3 billion U.S. dollars was generated by online shops and mail-order household sales in 2013. Cosmetic sales are estimated to continue to grow in both the United States and other global markets, as many consumers feel that beauty products help in achieving social and economic goals.

Photo: Jorge Barrios / Wikimedia / CC

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