Consumer Products, Cosmetics, Hair & Personal Services OVERVIEW
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 $500 billion for 2020.
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.