How much does the average man spend on beauty?

Men spend (slightly) less. On average, they spend about $175,680 over the course of their lifetimes. That equates to $244 per month. And interestingly enough, they’re most likely to spend the most of that money on facial moisturizer.

How much money is spent on beauty products each year?

GLOBAL INSIGHTS: – Globally, consumers spend an estimated $382 billion on beauty (cosmetics) products each year.

How much does the average person spend on skincare per year?

SkinStore claims the average American spends $322.88 on skincare per year, according to data Statista compiled from the U.S. Census and Simmons National Consumer Survey.

How much is the male skincare market worth?

Our Beauty sector team is keeping a close eye on the dynamic male grooming market, worth some $56bn in global revenues and forecast to expand at a CAGR of 8.4\% up to 2024*, compared to 2.9\% for beauty and personal-care products in general.

How much is the beauty industry worth?

The global beauty industry is worth $511 billion.

How much money is spent on cosmetics each year in UK?

British women spend £10 billion annually on cosmetics and hair products. A new report has revealed that British women splurge on average £95.94 annually on make-up and a further £162.52 on hair products, totalling an annual total spend of £10 billion.

Who spends more on beauty products?

Here’s something that may surprise you—men get more beauty and grooming services than women, with American men getting 10 services per year and women getting 7.8 services on average. However, women tend to spend more—with the average woman spending $44 per month on services while men spend $39.

How big is the men’s skincare industry?

The Men’s Skincare Products market in the U.S. is estimated at US$3.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2026 trailing a CAGR of 7.8\% over the analysis period.

How many men are groomers?

Dog Groomer Statistics and Facts in the US There are over 40,778 Dog Groomers currently employed in the United States. 69.7\% of all Dog Groomers are women, while 26.7\% are men. The average age of an employed Dog Groomer is 32 years old.

How much does the beauty industry make a year 2021?

Beauty Industry Statistics and Market Research: Global & US. Globally, the industry is strong and only getting stronger. How big is the beauty industry? Up from $483B in 2020 to $511B in 2021 — and with an annual compounded growth rate of 4.75\% worldwide — it’s predicted to exceed $716B by 2025.

How much is the beauty industry worth in 2020?

Beauty industry statistics, market share, and worth How much is the beauty industry worth? Total global sales in 2020 was a whopping $483 billion. With an annual growth rate of 4.75\%, total revenue is expected to top $716 billion by 2025.

How much is the UK beauty industry worth 2020?

The UK’s beauty industry is worth £27 billion as of 2020 and ranks as the seventh largest cosmetics market in the world.

How much does the average person spend on beauty products?

On average, they spend about $175,680 over the course of their lifetimes. That equates to $244 per month. And interestingly enough, they’re most likely to spend the most of that money on facial moisturizer. In second place for men comes gym memberships, followed by hand cream, shaving products, and supplements.

How much do men spend on moisturizer?

Men spend (slightly) less. On average, they spend about $175,680 over the course of their lifetimes. That equates to $244 per month. And interestingly enough, they’re most likely to spend the most of that money on facial moisturizer. In second place for men comes gym memberships, followed by hand cream, shaving products, and supplements.

How much money do you spend on your face?

A quarter of a million. That’s almost $4,000 a year. Of that small fortune, women spend over $50k just on their faces. Men are dropping serious dough on their beauty (or grooming) obsession too, which isn’t all that surprising given the rise of some kickass male beauty bloggers.

How much is the beauty industry worth in 2019?

The cosmetics industry was worth $93.5 billion in the US market in 2019. (GlobeNewswire) (Statista) This is an increase of $74.7 billion from the year before. Estimations on how much is the beauty industry worth in 2020 show that beauty and personal care products market value will be $97.3 billion. 5.