Beauty, Cosmetics & Fragrance Stores in the US
Over the five years to 2019, the Beauty, Cosmetics and Fragrance Stores industry has benefited from favorable macroeconomic conditions and increased consumer spending. Moreover, an increase in disposable income has spurred consumers to purchase price-premium products. Furthermore, growing imports from the upstream Cosmetic and Beauty Products Manufacturing industry have boosted the availability of high-quality products domestically, particularly in high-end stores. As more high-end, imported products become available, IBISWorld expects that industry profitability will remain high. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue rising, as per capita disposable income is projected to expand as well. Moreover, the proliferation of environmentally friendly and cruelty-free products will likely spur growth in new markets.
This industry comprises stores that primarily retail cosmetics, perfumes, toiletries and personal grooming products. Establishments include beauty supply stores, specialty cosmetics stores and fragrance stores.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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