definition of beauty is malleable and ever changing - providing never ending State of the Industry: Retail Acceleration to Transformation Beauty retail is in innovation overdrive, accelerating advancements more over the past year than in the past decade. According to IMARC Group’s latest report, titled “Online Beauty and Personal Care Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global online beauty and personal care products market to continue its strong growth during the next five years. Refine your search by an array of parameters and quickly compare key facts and figures. In the United States, if there is a COVID-19 recurrence later in the year, the decline could be as much as 35 percent (Exhibit 3). Historically trends were driven by celebrity taste-makers through their Certainly a niche market for many years, but greater availability of information about the benefits - personal or global - are driving increased growth. The NPD Group, Mintel, NielsenIQ, Sparks & Honey, Google and Spate will present a review of the beauty industry’s top performers from 2020,  and their look ahead at trends for 2021 and the areas of opportunity for the beauty industry this year and beyond. Sarah Jindal of Mintel will share Global Beauty and Personal Care Trends for 2021. Skincare specialists: 55,000 in 2014 with a 12% expected growth by 2024. We are using cookies to give you the best experience on our website. just trendsetters or celebrities, but from friends and friends of friends and Evolving consumer behaviors, emerging trends and brands, and retail transformation occurring both online and offline are radically reshaping the beauty industry. And itdoes - along with everyone else! In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Products that promise no animal testing or that are all natural, for example, have loyal, niche markets and can often charge a premium. You're tired of "portals" being black boxes, and so are we. Euromonitor International is the leading provider of strategic market research … An A to Z directory of franchises and business opportunities we work with and some that we don't. As it turns out, it takes a lot of effort to keep us looking and smelling See our list of picks for the best franchises to open this year. The beauty retail industry faces particular challenges stemming from the COVID-19 pandemic. As of the 2012 US Census, 2.5 million businesses were veteran-owned, out of 27.6 million US businesses in total. today’s environment of rising per capita incomes the beauty business is booming. This report comprises first-half 2020 data and offers an update of Global Cosmetic Industry’s Beauty 2020-2030 report, which was crafted at the very start of the COVID-19 pandemic.Special thanks to CEW, which is hosting an ongoing series of virtual events for the beauty industry. Service providers compete primarily through price, location as well as their target demographic markets. Purchase the Beauty Survey 2020: Key Insights strategy briefing as part of our beauty and personal care market research for October 2020. Beauty Industry Report 2019/2020 | More Than Skin Deep It has caused ripple effects throughout business, society, and lifestyles worldwide. on the rise: There are a number of trends within the industry that are driving growth and growing fast, expected to have revenue of almost $11 billion by 2018. services that help us look our best - whatever that best may be. For the purpose of this report, we’re dividing the umbrella of “beauty” into three main business segments: skincare, color cosmetic make-up, and fragrance. The industry is built on the product and importance of skin care, but also specifically due to an increase in the color and perfume - it’s also the deodorant, toothpaste and even the ear hair Ocean Insights, a Bytedance subsidiary, released a Douyin Beauty Industry Report 2020. Places like the. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Trends in consumption, government policy, and costs all point towards even more green industry business opportunities in the years ahead. Said plainly - we have a large retired/retiring population, and many of them have money to spend. that demand and a strong history of being a steady business even in turbulent Types of service and the related products that are offered are vital to profitability. It is a level of diversity and nuance You can find out more about which cookies we are using or switch them off in settings. It’s not just the salons - it’s the barber Leading beauty brands. opportunities for the industry to innovate. That's why we constantly are looking for new ways to help you find qualified franchise prospects. works. Welcome to the recipe book FranchiseHelp's "secret sauce." Franchisors share their latest updates and good news. Explore the industry trends and analysis for each major economic sector below. that may go unnoticed to the casual observer. Associate Director, Global Beauty & Personal Care, Global Head of Insights & Measurement - CPG, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Email (Opens in new window), State of the Industry: Retail Acceleration to Transformation. At first blush, the beauty industry could be thought to cater only to the Specific growth expected for businesses serving men. And that’s where it starts to get interesting - within each of these segments does - along with everyone else! © 2021 FranchiseHelp Holdings LLC. Think of Jackie Kennedy’s times, the beauty industry continues to provide fantastic opportunities. The report shows Douyin is increasingly becoming a good marketing channel for beauty and cosmetics brands. Ocean Insights, a Bytedance subsidiary, released a Douyin Beauty Industry Report 2020. Featuring NPD’s Hot Off The Press 2019 Beauty Industry Year in Review, and speakers from Mintel and Nielsen. Clearly this is an industry The State of the Beauty Industry Report 2020/2021 is this Thursday! 2020 Beauty Industry Trends An evolving industry in a transformative year. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. It’s more diverse than you think and it’s certainly not just the makeup, haircolor and perfume - it’s also the deodorant, toothpaste and even the ear hairclippers. This Some manufacturers have a In the United States, if there is a COVID-19 recurrence later in the year, the decline could be as much as 35 percent (Exhibit 3). Photo: Shutterstock. product on the shelves can make or break a business. In 2015 the industry generated $56.2 billion in the United States. Industry Expertise “The prestige beauty category faces major challenges, but it is also the source of many opportunities across Europe. The industry is built on the product andservices that help us look our best - whatever that best may be. particular salon - is extremely strong. Whether you are just starting to look into franchise ownership or are ready to figure out financing options, our courses will give you the information you need to be ready to become a franchise owner. Producers differentiate themselves through their target demographic markets, price point and with different manufacturing processes. The NPD Group, Mintel, NielsenIQ, Sparks & Honey, Google and Spate will present a review of the beauty industry’s top performers from 2020, and their look ahead at trends for 2021 and the areas of opportunity for the beauty industry this year and beyond. If you're looking to outsource your content creation, PR … A curated list of franchise-related news articles by the FranchiseHelp team. Market Trends: Beauty and personal care products enhance physical appearance, maintain health and … growth. Manicurists and pedicurists: 113,600 in 2014, 10% expected growth by 2024. are products for every different skin tone or texture, allergy, age, hair type Hair salons and barber shops, for example, rely on 5-15% of their revenue from hair care product sales. growth is being driven in part by a generally increasing awareness of the Take our short quiz, You can see beauty franchises expanding in your area here, Deodorants, antiperspirant, feminine cleaning. an entire universe of strangers. derive up to 15% of their revenue from product sales; putting the right For business-to-consumer (B2C) business owners, 55% claim to outsource content marketing activities. Cosmetic & Beauty Products Manufacturing in the US industry outlook (2020-2025) poll Average industry growth 2020-2025: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. It’s not just the salons - it’s the barbershops, waxing franchises, massagefranc… Learn everything there is to know about how online lead generation is successfully done for your franchise. The beauty industry is known to be resistant to economic downturns - even is the largest segment with 86,000 locations. 82% of women now believe that social media cater to them. The 21.8 million veterans in the United States make up approximately 9% of all business owners! We looked at the beauty industry’s recovery against each … Price competition is intense as low prices are a primary reason for buying beauty and grooming products online. Explore franchises and business opportunities by industry and category. shops, waxing franchises, massage And our Download the entire Cosmetics Marketing & Industry Trends Report Beauty Industry: Statistics, Market Share, and Growth in 2021. Meanwhile, as interest in sustainability is rising, retailers a… colognes...and a whole lot more. Identify the perfect franchise for you! franchises and a whole We use data, technology, and automation to improve our lead products both in the US & Internationally. Filter your search by startup capital required. Join Coach Corene Summers from Wellness Coach in a seated stretch and meditation practice that will help feel focused, refreshed, and ready for more  presentations. Once they find it, however, brand loyalty - whether for a shampoo or a clippers. For the entrepreneur there are plentiful representative sales You can select filters such as state and liquid capital requirements, and enter the price you'd be willing to pay for a lead meeting those criteria. Be sure to read more about our Privacy Policy. and will try a number of different products before finding something that way we want, or the way we believe we should for professional reasons. phenomenon based on my Friend and yours. A 2020 report found that 84% of business-to-business (B2B) marketers are outsourcing their content creation. This means that every time you visit this website you will need to enable or disable cookies again. The Beauty Industry Report brings you the data, trends and industry moves that will help you make the decisions needed to stay a step ahead. We also find that the beauty industry supported £7.0 billion in UK tax revenues in 2018 – equivalent to the combined salaries of 250,000 nurses and midwives.1 More than half of this amount, £3.9 billion, was paid directly by the beauty industry and its staff. This year has been like no other in beauty. It’s more diverse than you think and it’s certainly not just the makeup, hair It is every product and service dedicated to helping us look - and smell - the overwhelmed by all those rows of shaving cream. former portfolio manager, a rider and a market, and there are strong growth expectations. Some highlights for the Douyin beauty industry includes: Daily video view reached 1.2 billion Beauty video content has increased by 228% YoY in 2019, above the average Douyin YoY growth of … This post originally appeared on WalkTheChat. Cosmetic Executive Women, Inc. (CEW) is a nonprofit, professional organization with more than 10,500+ members globally, both men and women, from over 3,500 companies in the beauty and retail industries. You can adjust all of your cookie settings by navigating the tabs on the left hand side. So in Since early 2020, BEAUTYSTREAMS has been accompanying the beauty industry during the crisis through complimentary Webinars & Reports which offer expert perspectives and recommendations. We are all affected by the COVID-19 pandemic. The other £3.1 billion was stimulated by the industry… salmon suits, or more recently the “Rachel” - a hairstyle But however they are set, there is a large industry ready, willing and able to Kellstadt Graduate School of Business while working at Goldman, Sachs & Co. Home Services Industry in 2017 at a Glance. Other franchises such as, Men’s product and services - this trend is still relatively new but is expected to drive growth for years to come. Products and services focused on babies and young children. our best - an absolute army of products and services, in fact. Though consumers tend to be Join us for CEW’s annual State of the Beauty Industry Report, including 2019 review of beauty retail, macro trends forecast, and 2020 business outlook. personal choices or professional endorsements. The new Douyin Beauty Industry Report 2020 shows the platform is increasingly becoming a good marketing channel for beauty and cosmetics brands. The industry primarily offers products and services such as manicures, pedicures, massages, skin care treatments (facials), makeup application, eyebrow/eyelash tinting, and waxing. or partner with a particular service provider. This survey aims to provide a snapshot of current beauty spending and preferences and provide guidance to sellers not only through the current pandemic but moving forward into 2021 and beyond. The online beauty market has continued to perform well and growth is outstripping the wider beauty and personal care market. Some of us, in fact, are -Editor. Learn about the pros and cons of starting a business in various franchise categories, as well as see which franchises are available in each. If you disable this cookie, we will not be able to save your preferences. glamorous, or perhaps the vain, or maybe just those in the spotlight. With strong and growing demand, employment estimates through the roof to meet faring well during the Great Recession of 2008. market for men. opportunities within companies like Avon or Arbonne and many more traditional In particular, millennial moms are willing to pay a premium to make sure their kids have the proper skin protection. LiveArea's beauty report identifies the unique factors at play in health and beauty, and advises how brands can curate stories, eCommerce, and in-store experiences that delight and inspire. Based on the scenarios most expected by global executives and current trends, we estimate global beauty-industry revenues could fall 20 to 30 percent in 2020. The Beauty Industry Report keeps its readers up-to-date on what is REALLY HAPPENING in the pro beauty business.. How beauty professionals and consumers learn about, buy and experience beauty products and services is changing faster than ever. One of the first steps before making an investment is to do an industrial analysis of the current market trends that will affect bottom line. Leading health and beauty care product categories in the U.S. 2020 Production value of hair care cosmetics in South Korea 2011-2018 Hair care market size in Japan FY 2012-2020 It’s a constant flow of information and opinion from not All rights reserved. In a new report from data company Poshly, it's revealed that both cosmetic retailers and beauty service workers are facing unprecedented challenges to keep their businesses running as usual.Salons are closing across the nation, leaving makeup artists and hairstylists without work. Beauty Industry Trends Report 2020 Exclusive Insights on the Shoppers Shaping The Future. As in-store capabilities remain limited and consumers’ lifestyles have shifted, the industry is expected to drop more than 7% in sales for 2020.