Firstly, we have the #eyeslipsface challenge by Elf, the American cosmetics brand based . The U.S., France, and the rest of the E.U., Japan and China continue to be the top five leading suppliers. Owing to the growing demand for beauty enhancements among most customers, several spas offer various non-invasive cosmetic medical procedures, along with their usual spa treatments, to capture the growing demand trend. Singapore's External Trade - May 2022. A 2010 survey 1 revealed that more than 95% of Singaporeans spent more than $25 on beauty treatments each month while 53% spent between $25 and $49. Our instinct is to dislike complexity. What is the Growth Rate of the Beauty Devices Market? In that year, they made up just 11% of cosmetic imports. This infographic series presents the latest survey findings on the performance of key services industries, and of the services sector as a whole. Beauty and Personal Care in Singapore May 09, 2022 | USD 2,650 . According to the latest statistics, the global beauty industry market size is worth $534 billion in 2022. According to some estimates, the Singapore retail market for luxury beauty products is worth S$120 million annually, with perfume sales making up a quarter. As for their skincare concerns, 67.0% of respondents say that blackheads and whiteheads affect them. 5. . The major factors behind the growth of the market are the increasing appearance consciousness, surging awareness about beauty devices, rising prevalence of skin diseases, growing . Singapore's External Trade - June 2022. A growing trend in the beauty industry is the increased use of medical spa salons, which also offer salon and spa services. Cosmetics and Beauty Industry in Indonesia: The Highlights. October 2021. The cosmetics and personal care markets are expected to grow annually by 7.2% (CAGR 2018-2021), amounting to IDR 77.3 trillion (USD 5,502 million). 3. Not only is this a large industry, it is one with a strong growth potential. The worldwide market for beauty tech-driven purchases is estimated to have generated a revenue of approximately 3.77 billion U.S. dollars in 2021. Based on our analysis, the global market exhibited a decline of -29.43% in 2020 as compared to the average year-on-year growth during 2017-2019. $ 3500. Here are some corporate wellness industry statistics that highlight how this sector is developing The global corporate wellness market is estimated to reach $66 billion in 2022. Approximately 75% of large employers and 33% of small companies run wellness programs. Founding fathers: Local beauty chain Novela goes from a pushcart to creating 'Singapore's Sephora' Jun 16, 2022, 5:00 pm . Growth is estimated to average 2% annually. Such growth should project a market volume of USD 4,079 million by the year 2025. annual reporting statistics. Specific growth expected for businesses serving men. L'Oreal is the leading beauty manufacturer in the world with an annual revenue of $33.93 billion in 2020. Next. Within that, the Singapore beauty services sector is growing even faster, around 10% per year according to Ms. Nah, while Singapore's cosmetics market saw growth of around 5% between 2016 and 2020. This high contribution is because Singapore is within the global top three countries that have export refining centers. Beauty Salon COVID-19 Resources. Scope of the Report The report aims to provide a detailed analysis of the spa market. The Asian beauty market continues to experience huge expansion with an annual growth rate of not less than 20%, and Singapore's cosmetic sector hub status continues to advance. The global cosmetics industry should be worth $438.38 billion by 2026. According to the International Trade Administration of the US Department of Commerce 8, the cosmetics and personal care market has increasingly expanded its focus over the years and now includes not just women, but also men and children. What is the Future Market Value for Beauty Devices Market? b. A Different Perception of Premium. But we either embrace it, or we're not going to be around." Marc Rey, the President & CEO of Shiseido. The global natural cosmetics market is estimated to be worth $36bn in 2019 and is now predicted to grow to $54bn by 2027. United States, China, France, Germany, South . (GlobeNewswire) (Statista) Five year forecasts of market trends and market growth. Here are ten more important haircare industry statistics: In 2016, the United States hair industry statistics show more than 33% of the beauty and personal care segment worldwide, with 15% of the sales focused on haircare. The forecasted growth of the cosmetics and personal care market is expected to grow at a CAGR (compound annual growth rate) averaging 2.3 % annually from 2018 to 2021. The market's largest segment is the segment. To establish and maintain global affiliation and cooperation with other Beauty, Spa and Wellness related . We monitor beauty industry trends across the globe, from the big picture down to the category, geographic region, and store levels, based on best-in-class point-of-sale (POS) and consumer data. Experts consider the beauty industry to be one of the few recession-proof industries. Looking ahead, market research analysts have identified five influential trends that are expected to reshape the beauty market. $ 3500. From January to June 2020, 5.1% of the cosmetic retail sales were through e-commerce, an increase of 1.1% compared to 2019. CONSUMER GUIDES | STATISTICS CASE STATISTICS RELEASED FOR THE YEAR 2017 The Association had received a total of 15,744 complaints for the year 2017. The hair care market has been affected by the COVID-19 crisis, as there have been widespread retail and salon store closures leading to the weakening sales of various beauty and personal care product in the global market. PERCENTAGE BREAKDOWN OF COMPLAINTS The chart below shows the percentage breakdown of complaints CASE MEDIATION Counters at department stores are the major source of sales, making up nearly 31%. Goldstein Research forecast cosmetic industry worth to be USD 640.0 billion, expected to be growing at a CAGR of 3.90% during the forecast period. Manicurists and pedicurists: 113,600 in 2014, 10% expected growth by 2024. Taiwan's Census and Statistics Department observed that due to the booming online shopping platforms in recent years and the pandemic, cosmetic companies have actively expanded their online presence. According to Euromonitor, in 2022 the beauty sector in Thailand will be worth $7.3 billion, with an average annual growth of greater than 2% over the next two-year period. In Singapore, revenue in the e-commerce market is projected to reach USD $2,793 million in 2021 according to Statista. The E-Commerce Market Size. Microbiome health has been a buzzword in the beauty industry for some time now, but after years of overindulging in an ever-growing list of products, ingredients, and harsh exfoliants, experts agree that they expect to see a "less is more" approach to skincare take hold in 2021. Growing Middle Class This is a phenomenon all over Asia with a huge expansion of the middle class especially in China and much of South East Asia. What are the Major Companies Operating in the Beauty Devices Market? Brands such as Milk Makeup, Glamglow, Wander Beauty posted their first videos on their official TikTok accounts in 2020. The Beauty and Personal Care in Singapore report includes: Analysis of key supply-side and demand trends Detailed segmentation of international and local products Historic volume and value sizes, company and brand market shares Five year forecasts of market trends and market growth Robust and transparent research methodology, conducted in-country Fueled by rising demand for personal care products, aggressive marketing strategies of companies, and rise of indie brands, the men's skincare market is expected to hit US$ 10Bn by the end of 2019. In Singapore, about 3.3 million people shop in the e-commerce market and the expected revenue from the market in 2021 is USD 2,793m. 2022 Beauty Industry Trends & Cosmetics Marketing: Statistics and Strategies for Your Ecommerce Growth. 2. Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027 Clean Beauty Market is valued at USD 5439.6 Million in 2020 and is expected to reach USD 11558.5 Million in 2027, growing at a CAGR of 12.07% from 2020 to 2027. France: US$8.9 billion (net export surplus up 22.3% since 2020) South Korea: $6.8 billion (up 29.1%) Japan: $4.8 billion (up 23.1%) Singapore: $3.5 billion (up 5.2%) The sudden rise in CAGR is attributable to this market's . Singapore Trade Statistics. We also offer analytic solutions such as new product forecasting, segmentation, price and promotion evaluation, market forecasting, and more. The latest survey was conducted in 2021 for reference year 2020. Singapore Revenue in the Beauty & Personal Care market amounts to US$1.13bn in 2022. Clearly this is an industry on the rise: Barbers, hairdressers and cosmetologists: 656,000 in 2014, 10% expected growth by 2024. Global Nail Care Products Market 2022-2026. Consumers have become more invested in skincare; TikTok is shaping make-up trends; and a global sustainable . Jun. Monthly Trade Statistics. The Beauty Devices Market Value for Beauty Devices Market is expected USD 148.09 billion by 2029. Download SingStat Mobile App for fast, free and easy access to Singapore official statistics and key ASEAN statistics! SiO Beauty : SiO uses medical grade silicon to create wrinkle-smoothing patches that stay on your skin comfortably as you sleep; when morning comes your skin is smoother, firmer and more hydrated.. Robust and transparent research methodology, conducted in-country. UAE Nail Care Market, By Product Type, By Distribution Channel (Offline, By Region, Competition Forecast & Opportunities, 2027. The revenue is expected to grow at a compound annual growth rate of 9.9% between 2021 and 2025. Singapore's External Trade - July 2022. Hair maintenance products help men and women uphold their hair . Based on geography, Asia Pacific region accounted for largest market share of nearly 32.0% in 2017, due to the large prospective population in the region . Long controlled by retail conglomerates, the beauty industry has turned online. In Singapore, the beauty services industry generates approximately S$2 billion in operating receipts and comprises about 6,000 enterprises, employing over 13,000 workers. Go to the business survey portal or the prices survey portal. south east asia halal skincare market, by product type (creams & lotions, powder, sprays, and others (gels, moisturizers)), by sales channel (offline and online), by end user (men, women, and unisex), and by country (indonesia, thailand, vietnam, singapore, malaysia, and rest of south asia) - size, share, outlook, and opportunity analysis, 2022 - The global Spa Services market was valued at $73,512.93 million in 2020, and is projected to reach $423,253.69 million by 2031, registering a CAGR of 17.3% from 2022 to 2031. The market is projected to grow from USD 100.13 billion in 2021 to USD 145.82 billion in 2028 at a CAGR of 5.52% in the 2021-2028 period. Manicurists and pedicurists: 113,600 in 2014, 10% expected growth by 2024. The sudden rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. In 2015 the industry generated $56.2 billion in the United States. The global beauty industry (comprising skin care, color cosmetics, hair care, fragrances, and personal care) has been shocked by the COVID-19 crisis. May 2022. (Statista) (Investopedia) Even the cosmetics industry took a hit in the 2009 global recession, but not as much as other sectors. 4 Min Read |. The global hair care market is projected to grow at a CAGR of 6.6% during the forecast period (2022 - 2027). The Philippines Beauty & Personal Care market was valued at $ 5,071.7million in 2019 and is anticipated to grow at a CAGR of 4.78% from 2020 to 2027. Moreover, it is one of the fastest growing sectors in Singapore, boasting a compound annual growth rate of around 2% before the pandemic. Singapore's beauty and personal care revenue has reached US$1.04 billion in 2020 and the market is expected to grow annually by 2.8%. 1. Singapore had a population of 5.87 million in January 2021.. Singapore's population increased by 46 thousand (+0.8%) between January 2020 and January 2021.. 47.7% of Singapore's population is female, while 52.3% of its population is male [note: the United Nations does not publish data for genders other than 'female' and 'male']. Detailed segmentation of international and local products. Skincare products make up 42% of the cosmetics industry, representing the largest segment of the market. Skincare specialists: 55,000 in 2014 with a 12% expected growth by 2024. Governments across the globe are taking up. This is a 6% increase year-over-year, the second-fastest annual growth rate in at least nine years. SINGAPORE - Two years of the pandemic have altered beauty routines everywhere. The top 10 powerhouses in Asia for the sector also include the Philippines, Malaysia, and Vietnam, which together account for $8.8 billion of revenue in Southeast Asia. Singapore's External Trade - April 2022. According to the Department of Labor Statistics, the need for hairdressers, hairstylists, and cosmetologists . Historic volume and value sizes, company and brand market shares. The top body concern in 2020 is targeted body fats around the limbs, thighs, arms, and tummy (46.81%). Salons were among . Elf. "The beauty industry is becoming increasingly complex. Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 9.9%, resulting in a projected market volume of USD $4,079 million by 2025. Previous. Other common concerns include dark armpits (40.51%), dry skin (38.51%), sensitive skin (35.21%), and overall body fat (32.48%). To be the voice of the Beauty, Spa and Wellness industry in Singapore, educating the public about the value and benefits of wellness services and offering information, protection and assistance to general consumers in practices, standard. The Beauty and Wellness industry in Singapore is growing and has become an important segment of the tourism and hospitality industry. Singapore's apparel industry generates revenue of US$671 million (S$915.34 million) in 2018. Singapore's population. Shampoo holds the largest market share in the haircare segment and is estimated to grow to $30 billion USD by 2023 compared . Revenue in the apparel segment is expected to show an annual growth rate (CAGR 2018-2022) of 11.4%, the market volume of apparel industry would result in US$1,032 million (S$1407.80 million) by 2022. Market Overview. 717 complaints against businesses in beauty industry in first six months of 2022: Case | The Straits Times The cosmetics industry is growing at a rate of 5.3% each year. According to The International Medical Spa Association in 2004, there were 2,500 medical spas in the U.S.. . by Reilly Roberts. On its own, the oil industry contributes about 5% of the total gross domestic product (GDP). Skin care is a close second and growing fast, expected to have revenue of almost $11 billion by 2018. Americans brands are a distant second. 34 reports Merger and Acquisition, Client Wins, Economic Analysis US Beauty Salon And Services Industry 20222026 34 reports Production Data, Income Data, Merger and Acquisition, Current Infrastructure Global Beauty Salon And Services Industry 20222026 120 reports Current Infrastructure, Partnerships, Future Infrastructure, Sales Data The market is projected to grow from USD 77.15 billion in 2021 to USD 112.97 billion in 2028 at a CAGR of 5.6% during the 2021-2028 period. In 2015, they made up 22% of cosmetics imported into Singapore. The top body concerns shown in the beauty industry consumer market report may surprise you. The industry has responded positively to the crisis, with brands switching their manufacturing to produce hand sanitizers and cleaning agents and offering free . The industry itself directly employed 370,200 people, with a further 220,300 jobs being supported through its supply chain and wage-related consumer spending contributions. In 2020, the beauty and cosmetics market fell by 8% as a result of COVID-19. London-based analysts Future Market Insights have put out a 2019 report to predict this latest boom, based on shifting consumer perceptions around natural ingredients in their cosmetics. Clearly this is an industry on the rise: Barbers, hairdressers and cosmetologists: 656,000 in 2014, 10% expected growth by 2024. In 2018, the market's largest segment"Skin Care"has a market volume of IDR 28.4 trillion (USD 2,022 million). Value of cosmetics imports to Singapore 2.9bn USD Revenue of the cosmetics market in Singapore 174.2m USD Revenue growth of Singapore's cosmetics market during COVID-19 pandemic -3.4% Overview. The beauty industry market size has grown by $41.4 billion since 2014, when it was worth $492.6 billion. When taking a deeper look into which shoppers are driving this growth, low-income shoppers (<$50,000) make up the largest portion of both buying households (38.8%) and dollars (39.6%) within the Hispanic segment, presenting a tremendous opportunity for beauty and personal care retailers. Barbara De Laere, global president of Aveda 25 2022. With the highest average revenue per capita of around $177.81 . 3.3m. The growth of the global natural and . in areas such as sun care, fragrances and colour cosmetics, with all three categories recording declining value sales. Singapore. Emmanuelle Moeglin Beauty September 05th, 2014 According to a study from the UN, World Population Ageing 1950-2050, the global population aged 60 and over is forecast to reach 2 billion by 2050 increasing from 606 million in 2000. Singapore e-commerce market's largest segment is Electronics & Media with a . The North American Hairstyling Awards is the most prestigious professional beauty competition in North America and honors the salon industry's top artists - who push the boundaries of skill and creativity. 33% of Brits say they spend between 1 and 15 a month on beauty treatments and products. The beauty and personal care market is expected to rebound as industry players adapt to a "new normal," and e-commerce and digitalization play an increasingly important role. Standalone stores are also where premium brands are retailed. 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. It has been expanding at a rate of more than 10% year-on-year. Out of 15,744 complaints, CASE has taken up 2,253 cases in the year 2017. The global cosmetics industry is valued at $380.2 billion. China's middle class is expected to grow to 400M by end of 2020. For better illustration of what are beauty brands doing on TikTok, we have chosen 3 successful case studies. Hair care is the largest segment with 86,000 locations. Read More AsianScientist (Feb. 9, 2016) - Unlike other industries buffeted by the winds of economic and socio-political change, the beauty and personal care industry has gone from strength to strength, earning it a "recession-proof" status. The global beauty devices market generated $50,814.4 million revenue in 2020, and it is expected to grow at a CAGR of 20.6% during the forecast period (2021-2030). Makeup artists, hairstylists, nail artists, and more professionals reveal how COVID-19 is affecting the beauty business. Nowhere is this more evident than in Asia, where sales are estimated to exceed US$150 billion as soon as 2017, according to data from market intelligence firm . The data were compiled from the results of the Annual Survey of Services conducted by the Department of Statistics. Before we do a deep dive into the Beauty sector it is helpful to look at some macro trends in the Asia Pacific region. The market is expected to grow annually by 2.94% (CAGR 2022-2026). There has been a constant growth in the online market in the beauty and cosmetic industry currently, 9% of the total sales come from . In response to the global COVID-19 pandemic, shelter-in-place orders and physical distancing measures have affected many businesses; here is a look at the impact to the Beauty Salon industry (which includes beauty salons, hair salons, nail salons and related personal care service businesses). 2/4. First-quarter sales have been weak, and there have been widespread store closures. Get more information about BEAUTY INDUSTRY at straitstimes.com. By 2050, over-60s will represent 1 in 3 persons living in the developed regions, climbing to 37% in Europe. U.S. beauty and personal care exports to Singapore reached $555 million in 2019. Thus, the statistics below present the surplus between the value of each country's exported beauty cosmetics and skincare items and its import purchases for those same commodities. The Skin Care in Singapore report includes: Analysis of key supply-side and demand trends. Cosmetic Industry Statistics- Market Share. However, in 2021, more categories witnessed slightly better performances, due to more relaxed restrictions and a strong . U.S. exports to Singapore declined by $180 million in 2020 but this is forecast to rebound post pandemic. 1. For over 30 years, thousands of talented artists have used NAHA as a platform to showcase their work to win a coveted NAHA award. Which Countries Data is Covered in the Beauty Devices Market? Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. All in all, Singaporeans spent US$296 million on beauty and fashion products in 20199.7% more compared to 2018. Singapore is crucial in Asia as it is both a primary hub of oil trading in Asia as well as the pricing center. $ 2500. Year 2022. The beauty industryencompassing skin care, color cosmetics, hair care, fragrances, and personal carehad a beast of a year in 2020: sales of color cosmetics fell by 33 percent globally, while overall retail sales in the beauty category declined by 15 percent.But the industry has been resilient in the past, and experts are predicting a return to growth in 2022. Singapore's External Trade - March 2022. Nobody could have predicted the wild ride 2020 turned out to be, but with their eye on data and finger on the pulse of science, sustainability, aesthetic medicine and dermatology, these gamechangers share the key trends that are set to shake and shape the beauty industry in 2021. Tik Tok marketing: #1. Once "challenger" brands like IPSY, Glossier, and Fenty are now household names spanning geographies and demographics alike. Singapore's External Trade - February 2022. May 2022. Skincare specialists: 55,000 in 2014 with a 12% expected growth by 2024. So in today's environment of rising per capita incomes the beauty business is booming. Claims in beauty disputes typically range from $500 to $2,000. Access the enhanced SingStat Table Builder and explore the exciting new and improved features! With anticipated future growth expected at double digit CAGR through until 2029. Toiletries made up 30% of 2020 cosmetic sales in Great Britain. According to Statista estimates, the worldwide revenue of cosmetics related beauty-tech purchases is projected to grow, reaching around 3.24 billion U.S. dollars by 2026, marking an increase of . Spa services refer to a collective term assigned for various services such as facial, body massage, manicure, pedicure, body treatment, and others provided under expert . Read more at straitstimes.com. The Singaporean beauty and personal care market value recorded an assertive current value growth in 2018. When I last spoke to Miss Pop, the beloved nail artist behind dozens of . According to the Daily Vanity Survey 2019, the most common skin type indicated by women in Singapore is combination skin (64.8%), followed by oily skin (11.4%), sensitive skin (11.0%), and dry skin (8.5%). Microbiome-Friendly Skincare.