Consumer Products, Cosmetics, Hair & Personal Services Industry Market Research

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Consumer Products, Cosmetics, Hair & Personal Services OVERVIEW

Consumer products and services are such an ingrained part of everyday life that it might be easy to take them for granted and forget their importance as an industrial sector.
     As items that are generally expected to be readily available in modern households, consumer products can take on a very broad definition.
     At Plunkett Research, we consider the consumer products industry to include household products, soaps and cleansers, cosmetics and makeup, along with products for skin care, nail care and hair care. Also, we consider a wide range of businesses to be in the consumer services sector, including pet care; nail and hair salons; spas and massage services, and many other types of personal services.
     Plunkett Research estimates the U.S.
    market for barber, hair, beauty and nail salons, as well as diet centers, spas and similar personal services, at $50.3 billion for 2020, to grow to $79.1 billion by 2027.
     The global beauty products and personal care products market is estimated at $550 billion for 2022.
     At Plunkett Research, we estimate U.S. Cosmetics, personal care and household cleansers manufacturing industry revenues at about $102.8 billion for 2020, growing to $138.6 billion by 2027. While mass-market retailers, including discount stores, department stores, drugstores and supermarkets, are major sellers of consumer products, there are also a considerable number of specialty stores focused on personal care products, including the Ulta chain of beauty and skin care products, as well as its competitor Sephora.
    

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Retailing & Chain Stores Market Research

S.
    totaled an estimated $6.22 trillion (on a broad basis) during 2020, according to the U.S.
    Census Bureau.
     (Sales at stores selling general merchandise, apparel, furniture and specialty items, referred to as “GAFO,” totaled $1.24 trillion in 2020.
     GAFO is an important distinction.
     In contrast, retail sales of all types are considered to include automobiles, gasoline and restaurants.) Unfortunately, retailing was one of the industries hardest hit by the global Coronavirus pandemic.
     Customer traffic plummeted at most categories of retail stores that sell non-essential items such as fashion and jewelry.
     Nonetheless, a few categories saw soaring sales increases.
     In the U.S., for example, sales boomed at supermarkets, discount department stores such as Walmart and home improvement centers such as Home Depot.
     Consumer interests, needs and shopping habits changed dramatically.
     Consumers with internet access shifted much of their shopping to online methods.
     Households where people were lucky enough to keep their jobs and had money to spend were investing in goods that made working from home easier and sheltering at home more entertaining. Meanwhile ecommerce sales soared.
     Much of this market share that has moved to ecommerce is a permanent shift.
     For further discussion, see “The Coronavirus' Effect on the Retail Industry.” Competition among retailers has been fierce in recent years, and it will only grow more intense in the near future.
     A massive shakeout of retail stores is underway as part of a retail restructuring—slower traffic at malls

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Retailing & Chain Stores Market Research

Plunkett’s Food Industry Market Research


     While it is obvious that food is of equal importance to all people on planet Earth, the relative cost of that food is not equal.
     It varies widely due to such influences as location, local food industries and the availability of proper infrastructure for food transportation and storage. Households in well-developed nations such as the U.S.
    Canada, Singapore and countries in Europe, spend a relatively modest portion of household income on food, typically 11%-15%.
     In less-developed nations, such as Pakistan, Nigeria and the Philippines, food may account for more than 40% of spending, making it hard for families to invest in education or health care. In America, the average household spent $7,316 on food in 2020, down significantly from $8,169 during 2019, and $7,923 in 2018.  That included $4,942 spent on food for at-home dining, and $2,375 for dining out.
     The ratio of money spent dining out during 2020 dropped dramatically due to the Coronavirus and started a recovery during early 2021.
     The retail grocery store and supermarket industry in the U.S., with about 49,000 stores, totaled about $901.5 billion in revenues during 2021, according to U.S.
    Department of the Census figures.
     However, food products and beverages in America and elsewhere are sold at a wide variety of stores other than supermarkets.
     To get the full U.S. picture, it is important to consider food and beverage sales at 64,000 non-traditional food-sellers such as wholesale clubs and dollar stores, estimated at $550

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Plunkett’s Food Industry Market Research

Manufacturing, Automation & Robotics Market Research

The First Industrial Robot The first industrial robot to be installed in a major manufacturing plant was probably a machine named Unimate #0001, utilized at a General Motors diecasting plant in Trenton, NJ beginning in 1959.
     The primary force behind the Unimate was an American named Joseph Engelberger (sometimes referred to as the “father of robotics”) of the Consolidated Controls Corp.
    of Bethel, CT.
     These efforts led to the establishment of a related firm, Unimation, Inc.
     By the late 1960s, automobile manufacturers were racing to install robotic units such as automated welders in their plants worldwide.
     As the decades went by, Japanese and German firms grew to be world leaders in factory automation equipment and robotics.
     This trend was directly tied to the growing dominance of Japanese and German automobiles, and the decline of the American auto industry. Meanwhile, China has official hopes to be a world leader in factory automation technologies by 2025, and it is investing accordingly under its “Made in China 2025” plan.
     America is attempting to improve its global stance in industrial robotics and automation through the establishment of “Advanced Robotics Manufacturing Innovation” centers, which have attracted backing from both government and corporate funds.      The ever-growing drive for efficiency and quality, both at the factory and in the supply chain, will make automation technologies more and more

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Manufacturing, Automation & Robotics Market Research