Top Skincare Stores in Shopify

As people focus more on self-care and looking good, the cosmetics industry keeps growing. In 2022, it grew by 15 percent worldwide.

The main product categories in the cosmetics market include skincare, haircare, makeup, perfumes, toiletries, deodorants, and oral cosmetics.

Skincare was the largest category in 2022, accounting for about 41 percent of the global market. Hair Care products represented 22 percent of the market, while makeup made up approximately 16 percent.

Skincare is a highly profitable category, with projected revenue of around $182 billion by 2027.

As of 2022, the North-Asia region contributed to about 32 percent of the global cosmetics market.

Market Size: The Skin Care market is projected to reach a revenue of US$155.70 billion in 2023.

Market Growth: The market is expected to exhibit an annual growth rate of 3.64% between 2023 and 2028 (CAGR).

Geographic Revenue: The United States leads in global Skin Care market revenue, generating US$21,090.00 million in 2023.

Per Capita Revenue: In 2023, the per-person revenue in the Skin Care market averages at US$20.26 when considering the total population.

Non-Luxury Dominance: By 2023, Non-Luxury goods will account for 72% of the sales in the Skin Care market, highlighting the prominence of affordable skincare products in the industry.