Cosmetics, Beauty Supply & Perfume Stores Industry Profile

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Excerpt from Cosmetics, Beauty Supply & Perfume Stores Industry Profile

Companies in this industry operate physical retail establishments that primarily sell cosmetics, beauty supplies and toiletries, and perfume. Major companies include Bath & Body Works, Sally Beauty, and Ulta Beauty (all based in the US), Natura Cosméticos (Brazil), Sephora (France), and The Body Shop International (UK).

The global cosmetics market reached about $93.3 million in 2021 and is expected to have a CAGR of 6.22% from 2021 to 2025, according to Statista. According to Cosmeticdesign-Asia, countries in the APAC region, specifically China, India, and Vietnam are expected to have significant growth. In China, which is the second-largest market for skincare products, is expected to reach about $61.2 billion by 2025, according to Marketing to China.

The US cosmetics, beauty supply, and perfume stores industry includes about 17,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $23 billion. The market for prestige cosmetics and fragrances have had fluctuating performances over the year per region, according to GCI Magazine.

Companies specializing in professional beauty products may restrict sales to salons and salon professionals, due to manufacturer policies. Salons may resell products to the public or use products for customer treatments.

COMPETITIVE LANDSCAPE

High margins, repeat purchases, easy storage, and cheap shipping all serve to make the retailing of cosmetics, beauty supplies, and perfume highly attractive -- and highly competitive. Established competitors for cosmetics, beauty supply, and perfume stores include ...

 
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