Growth of the beauty industry in 2021
Key figures for Growth of the beauty industry:
31.3%. This is the percentage of consumers who report having bought at least one
cosmetic product online during the year 2021, making the beauty sector the 4th
e-commerce market in terms of number of customers.
In the UK and all over the world, the beauty and cosmetics industry has been booming for several years, and more particularly on the web. Every year, in-store sales of cosmetic products decrease in favor of online sales.
Driven in particular by popular and very prominent influencers, product innovation
demonstrated by brands and new digital technologies, the beauty market is a growth
sector to which consumers devote a large part of their budget.
In order to find your place in the cosmetics market, and to better understand the
challenges faced by retailers and e-merchants in 2021, here are some key trends and
figures in growth of the beauty industry.
Online share in tha beauty industry
When stores are closed or going to stores is not possible, consumers overwhelmingly
retreat into e-commerce. Thus, in full lockdown, online beauty sales increased 73% over
the previous year, over the same period. In France, online sales of beauty products represent more than 7% of the market. This is less than in the US and UK where e-commerce accounts for around 15% of sales. Between 2016 and 2017, internet sales of makeup products jumped 44%, 29% for beauty care and 22% for perfumes.58% of women say they have ordered cosmetics online.
Among them, more than half make their purchases on their smartphone.