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September 11, 2023 at 9:46 AM. The beauty industry landscape evolved over the last few years as COVID-19, inflation, and recession fears weighed on the economy.
In 2023, the beauty industry's sales reached $446 billion, according to a recent report by McKinsey. As 2025 approaches, BI asked three beauty founders what trends will be popular in the new year.
Cosmetics at department store Farmers Centre Place in Hamilton, New Zealand. The cosmetic industry describes the industry that manufactures and distributes cosmetic products. . These include colour cosmetics, like foundation and mascara, skincare such as moisturisers and cleansers, haircare such as shampoos, conditioners and hair colours, and toiletries such as bubble bath and s
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $ 3.9 billion annually.
A day spa is a business that provides a variety of services for the purpose of improving health, beauty, and relaxation through personal care treatments such as massages and facials. The number of day spas in the US almost doubled in the two years from 2002 to 2004, to 8,734, according to the International Spa Association, and by 2020 there ...
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Hair removal is offered at some beauty salons through treatments such as waxing and threading. Some beauty salons also style hair instead of requiring clients to go to a separate hair salon. Some also offer sun tanning via tanning beds. Facials may include the use of a facial mask. Another popular beauty treatment specific to the face is known ...
Beauty creator Priscilla Oluwasola, 22, said company's foundation launch made it seem like Black consumers were an afterthought to them. “I feel like people need diversity in their teams,” she ...