Cosmetics, Beauty Supply & Perfume Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/6/2021
SIC Codes: 5999
NAICS Codes: 446120
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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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 is anticipated to exceed $493.2 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 5.4% between 2020 and 2027, according to Research Dive. The anticipated growth is primarily driven by the increase in the importance of skincare products and growing disposal income of the people, coupled with the awareness about waterless beauty and zero wastage of beauty components.

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 department stores, mass merchandisers, drug ...

 
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