Part
01
of three
Part
01
Global Cosmetics Industry: Market Size
The current estimated global cosmetics market is $378.8 billion and is expected to grow to $429.8 billion in 2022 at a CAGR of 4.3%. At the same time, the global male cosmetics market size will increase from an estimated $57.7 billion to $60.7 billion in 2020 at a slightly higher CAGR of 5.2%. The current male cosmetics market is estimated to have a 15.23% share of the global cosmetics market. The male cosmetics market size in the United States is valued at $5.5 billion and is predicted to increase until 2024 at a compound annual growth rate of 8.4%.
CURRENT GLOBAL COSMETICS MARKET SIZE
- The estimated global cosmetics market size in 2019 is approximately $378.8 billion.
CURRENT GLOBAL MALE COSMETICS MARKET SIZE
- The estimated global male cosmetics market size in 2019 is approximately $57.7 billion.
GLOBAL MALE COSMETICS SHARE
- The global male cosmetics market has an estimated 15.23% share of the global cosmetics market.
OTHER FINDINGS
- The market size of the male cosmetics industry in the United States is $5.5 billion and is predicted to increase until 2024 at "a CAGR of 8.4%".
RESEARCH STRATEGY
We leveraged the information found in the strategy document including the Innovative Reports data on the global cosmetics market and the Businesscoot report data on the male cosmetics market and used it to determine the current sizes of both markets and the male cosmetics market share. The overview of our calculations is presented below.
(Please note that the Businesscoot source provides both U.S. and global market sizes for male cosmetics. We used the global male market size number ($60.7 billion) in our calculations.)
CALCULATIONS
GLOBAL COSMETICS MARKET SIZE 2019:
We entered the following values into the calculator tool: for the growth rate we entered the expected CAGR, 4.3%, for the final value we entered the 2022 expected market size, $429.8 billion, for the number of periods we entered 3 years, calculated by subtracting the projected market size year from the current market size year (2022-2019).
The calculator gave the following result:
GLOBAL MALE COSMETICS MARKET SIZE 2019:
We entered the following values into the calculator tool: for the growth rate we entered the expected CAGR, 5.2%, for the final value we entered the 2020 expected market size, $60.7 billion, for the number of periods we entered 1 year, calculated by subtracting the projected market size year from the current market size year (2020-2019).
The calculator gave the following result:
GLOBAL MALE COSMETICS SHARE 2019:
We used the global cosmetics market size in 2019 and the global male cosmetics market size in 2019 to calculate the share of the male cosmetics market in the global cosmetics market.
(Global male cosmetics market size in 2019 / Global cosmetics market size in 2019) * 100
Global male cosmetics share in 2019 = ($57.7 billion / $378.80 billion) * 100
Global male cosmetics share in 2019 = 0.1523 * 100 =
Global male cosmetics share in 2019 = 15.23%