TikTok drives $31.7B in beauty sales: How viral trends are shaping …
Aug 20, 2024 · TikTok has driven significant beauty product sales through trends like #TikTokMadeMeBuyIt, with beauty sales in the US reaching $31.7 billion in 2023, led by a 15% growth in prestige makeup sales.
The beauty market in 2023: New industry trends | McKinsey
May 22, 2023 · In 2022, the beauty market—defined as skincare, fragrance, makeup, and haircare—generated approximately $430 billion in revenue. Today, beauty is on an upward trajectory across all categories. It has proven to be resilient amid global economic crises and in a turbulent macroeconomic environment.
The beauty industry boom: Can growth be maintained? | McKinsey
Sep 11, 2024 · In 2023, global beauty market retail sales grew to $446 billion, up 10 percent from 2022. 1 In the year since the release of our inaugural state of beauty report, published in collaboration with The Business of Fashion in May 2023, the industry—comprising fragrance, makeup, skin care, and hair care—beat expectations and outperformed other consum...
Cetaphil Owner Galderma Sales Lift 9.2% on Strong Skincare and ...
Oct 24, 2024 · Cetaphil Owner Galderma Sales Lift 9.2% on Strong Skincare and Injectable Demand. In the first nine months of the year, the Swiss beauty firm saw its sales rise to $3.26 billion thanks to robust performance in Europe and gains in China and Latin America.
Kenvue misses quarterly sales estimates on sluggish skincare sales
Nov 7 (Reuters) - Kenvue (KVUE.N) reported third-quarter sales marginally below Wall Street estimates on Thursday, hurt by weakness in its skin health and beauty unit housing the Neutrogena and...
Ulta Beauty (ULTA) Up on Omni-Channel Growth & Skincare Sales
Dec 13, 2023 · Ulta Beauty is seeing market share gains in skincare thanks to consumers’ rising interest in self-care and its focus on newness and innovation. The trend continued in the third quarter of fiscal...
Beauty Business Trends From the 2024 CEW State of Beauty …
Feb 9, 2024 · Between the sustained growth of dupe culture, skin care’s surprise sales swell — and the category’s new Gen Alpha proponents — and the rise in U.S. social commerce and AI-driven...
Brightening, anti-aging, and beyond: What’s driving professional …
Oct 10, 2024 · The professional-grade skin care market is expanding due to growing consumer demand for anti-aging and brightening products, with Boomers spending an average of $165 per visit in 2024, while brand loyalty and targeted marketing—especially for Gen Z, which now represents 8% of the market—are essential strategies for success, according to ...
Beauty Industry News, Trends & More - Vogue Business
2 days ago · The latest beauty news, trends, and coverage of the beauty industry from experts & contributors with a global lens.
Global Cosmetics News
6 days ago · Elf Beauty has announced its results for the second quarter of fiscal 2025. The US mass beauty brand saw net sales soar 40 percent yoy to US$301.1 million, fuelled by 195 basis points of market share gains in the US and 91 percent net …