(GlobeNewswire) (Statista) With the highest average revenue per capita of around $177.81 . This infographic series presents the latest survey findings on the performance of key services industries, and of the services sector as a whole. Go to the business survey portal or the prices survey portal. In 2015 the industry generated $56.2 billion in the United States. 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 . Other common concerns include dark armpits (40.51%), dry skin (38.51%), sensitive skin (35.21%), and overall body fat (32.48%). 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 cosmetics industry is growing at a rate of 5.3% each year. 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. Tik Tok marketing: #1. Moreover, it is one of the fastest growing sectors in Singapore, boasting a compound annual growth rate of around 2% before the pandemic. October 2021. Singapore is crucial in Asia as it is both a primary hub of oil trading in Asia as well as the pricing center. On its own, the oil industry contributes about 5% of the total gross domestic product (GDP). The U.S., France, and the rest of the E.U., Japan and China continue to be the top five leading suppliers. 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 . Singapore's External Trade - March 2022. The global beauty industry (comprising skin care, color cosmetics, hair care, fragrances, and personal care) has been shocked by the COVID-19 crisis. Manicurists and pedicurists: 113,600 in 2014, 10% expected growth by 2024. 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 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. 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. May 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. What are the Major Companies Operating in the Beauty Devices Market? 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. The growth of the global natural and . 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. Founding fathers: Local beauty chain Novela goes from a pushcart to creating 'Singapore's Sephora' Jun 16, 2022, 5:00 pm . The sudden rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. Download SingStat Mobile App for fast, free and easy access to Singapore official statistics and key ASEAN statistics! What is the Growth Rate of the Beauty Devices Market? Skincare specialists: 55,000 in 2014 with a 12% expected growth by 2024. To establish and maintain global affiliation and cooperation with other Beauty, Spa and Wellness related . U.S. beauty and personal care exports to Singapore reached $555 million in 2019. 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. 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 . $ 2500. 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 - July 2022. Skin care is a close second and growing fast, expected to have revenue of almost $11 billion by 2018. Such growth should project a market volume of USD 4,079 million by the year 2025. Market Overview. Singapore's population. Once "challenger" brands like IPSY, Glossier, and Fenty are now household names spanning geographies and demographics alike. Singapore's External Trade - April 2022. 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%. 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. Jun. Global Nail Care Products Market 2022-2026. 1. 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. 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. Toiletries made up 30% of 2020 cosmetic sales in Great Britain. According to the Department of Labor Statistics, the need for hairdressers, hairstylists, and cosmetologists . 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. Access the enhanced SingStat Table Builder and explore the exciting new and improved features! We also offer analytic solutions such as new product forecasting, segmentation, price and promotion evaluation, market forecasting, and more. Looking ahead, market research analysts have identified five influential trends that are expected to reshape the beauty market. 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. 4 Min Read |. All in all, Singaporeans spent US$296 million on beauty and fashion products in 20199.7% more compared to 2018. Experts consider the beauty industry to be one of the few recession-proof industries. 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 . 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. Clearly this is an industry on the rise: Barbers, hairdressers and cosmetologists: 656,000 in 2014, 10% expected growth by 2024. Growth is estimated to average 2% annually. annual reporting statistics. Robust and transparent research methodology, conducted in-country. It has been expanding at a rate of more than 10% year-on-year. 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. Read more at straitstimes.com. Singapore's External Trade - June 2022. 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. 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 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. 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. Approximately 75% of large employers and 33% of small companies run wellness programs. Beauty Salon COVID-19 Resources. Long controlled by retail conglomerates, the beauty industry has turned online. However, in 2021, more categories witnessed slightly better performances, due to more relaxed restrictions and a strong . First-quarter sales have been weak, and there have been widespread store closures. In 2018, the market's largest segment"Skin Care"has a market volume of IDR 28.4 trillion (USD 2,022 million). Americans brands are a distant second. Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. Counters at department stores are the major source of sales, making up nearly 31%. The revenue is expected to grow at a compound annual growth rate of 9.9% between 2021 and 2025. The data were compiled from the results of the Annual Survey of Services conducted by the Department of Statistics. Get more information about BEAUTY INDUSTRY at straitstimes.com. For better illustration of what are beauty brands doing on TikTok, we have chosen 3 successful case studies. According to the latest statistics, the global beauty industry market size is worth $534 billion in 2022. As for their skincare concerns, 67.0% of respondents say that blackheads and whiteheads affect them. The Beauty Devices Market Value for Beauty Devices Market is expected USD 148.09 billion by 2029. The market's largest segment is the segment. This is a 6% increase year-over-year, the second-fastest annual growth rate in at least nine years. May 2022. b. When I last spoke to Miss Pop, the beloved nail artist behind dozens of . For over 30 years, thousands of talented artists have used NAHA as a platform to showcase their work to win a coveted NAHA award. The Asian beauty market continues to experience huge expansion with an annual growth rate of not less than 20%, and Singapore's cosmetic sector hub status continues to advance. Fueled by rising demand for personal care products, aggressive marketing strategies of companies, and rise of indie brands, the men's skincare market is expected to hit US$ 10Bn by the end of 2019. Beauty and Personal Care in Singapore May 09, 2022 | USD 2,650 . 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. Which Countries Data is Covered in the Beauty Devices Market? The Singaporean beauty and personal care market value recorded an assertive current value growth in 2018. With anticipated future growth expected at double digit CAGR through until 2029. Five year forecasts of market trends and market growth. 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 Cosmetic Industry Statistics- Market Share. Read More Salons were among . Firstly, we have the #eyeslipsface challenge by Elf, the American cosmetics brand based . 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. 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. 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 . 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. . Our instinct is to dislike complexity. Barbara De Laere, global president of Aveda Specific growth expected for businesses serving men. In 2015, they made up 22% of cosmetics imported into Singapore. The global hair care market is projected to grow at a CAGR of 6.6% during the forecast period (2022 - 2027). Singapore's External Trade - February 2022. The sudden rise in CAGR is attributable to this market's . There has been a constant growth in the online market in the beauty and cosmetic industry currently, 9% of the total sales come from . Cosmetics and Beauty Industry in Indonesia: The Highlights. 5. The E-Commerce Market Size. $ 3500. Clearly this is an industry on the rise: Barbers, hairdressers and cosmetologists: 656,000 in 2014, 10% expected growth by 2024. Year 2022. PERCENTAGE BREAKDOWN OF COMPLAINTS The chart below shows the percentage breakdown of complaints CASE MEDIATION U.S. exports to Singapore declined by $180 million in 2020 but this is forecast to rebound post pandemic. Shampoo holds the largest market share in the haircare segment and is estimated to grow to $30 billion USD by 2023 compared . China's middle class is expected to grow to 400M by end of 2020. 3.3m. (Statista) (Investopedia) Even the cosmetics industry took a hit in the 2009 global recession, but not as much as other sectors. 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. In 2020, the beauty and cosmetics market fell by 8% as a result of COVID-19. But we either embrace it, or we're not going to be around." Marc Rey, the President & CEO of Shiseido. In Singapore, revenue in the e-commerce market is projected to reach USD $2,793 million in 2021 according to Statista. 33% of Brits say they spend between 1 and 15 a month on beauty treatments and products. 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. 25 2022. The beauty industry market size has grown by $41.4 billion since 2014, when it was worth $492.6 billion. 717 complaints against businesses in beauty industry in first six months of 2022: Case | The Straits Times SINGAPORE - Two years of the pandemic have altered beauty routines everywhere. The top body concerns shown in the beauty industry consumer market report may surprise you. Brands such as Milk Makeup, Glamglow, Wander Beauty posted their first videos on their official TikTok accounts in 2020. CONSUMER GUIDES | STATISTICS CASE STATISTICS RELEASED FOR THE YEAR 2017 The Association had received a total of 15,744 complaints for the year 2017. 2/4. Singapore's apparel industry generates revenue of US$671 million (S$915.34 million) in 2018. 1. Governments across the globe are taking up. Next. 2022 Beauty Industry Trends & Cosmetics Marketing: Statistics and Strategies for Your Ecommerce Growth. 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. 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. 3. The market is expected to grow annually by 2.94% (CAGR 2022-2026). by Reilly Roberts. 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']. The industry has responded positively to the crisis, with brands switching their manufacturing to produce hand sanitizers and cleaning agents and offering free . Monthly Trade Statistics. Skincare products make up 42% of the cosmetics industry, representing the largest segment of the market. In that year, they made up just 11% of cosmetic imports. Manicurists and pedicurists: 113,600 in 2014, 10% expected growth by 2024. 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. The Beauty and Wellness industry in Singapore is growing and has become an important segment of the tourism and hospitality industry. Singapore Revenue in the Beauty & Personal Care market amounts to US$1.13bn in 2022. 2. Elf. 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. Standalone stores are also where premium brands are retailed. Out of 15,744 complaints, CASE has taken up 2,253 cases in the year 2017. According to The International Medical Spa Association in 2004, there were 2,500 medical spas in the U.S.. . The global cosmetics industry should be worth $438.38 billion by 2026. Previous. Detailed segmentation of international and local products. 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. Microbiome-Friendly Skincare. Singapore Trade Statistics. The Skin Care in Singapore report includes: Analysis of key supply-side and demand trends. 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. 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. Consumers have become more invested in skincare; TikTok is shaping make-up trends; and a global sustainable . United States, China, France, Germany, South .

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