Daily Facts - Day #48: Billion dollar niches - Organic beauty products
The beauty market has always been strong, and (as I already pointed out) it continues to be an industry that offers plenty of niche opportunities.
And "recently" has exploded ...
According to a well-known digital commerce consulting firm ...
The global cosmetics market is anticipated to grow annually by 4.3% to reach $429.8 billion by 2022!
According to their research ...
Within the beauty product industry, a strong niche is organic and sustainable beauty, which is “exploding as the number of people who are becoming more health conscious is growing ..."
The point: the number of trending products in the global organic beauty product market has experts forecasting sales to increase from $15 billion in 2017 to $28.7 billion in 2024!
Which can be attributed to an increasing consumer awareness of side effects of synthetic personal care products and growing demand for products that don’t have harmful chemicals that have been linked to cancer and allergies.
In my opinion this is another precious gem, especially for those interested (or already involved) in the beauty niche ...
Your thoughts?
Recent Comments
28
I never use that stuff, so not the niche for me. Organic is good, though. Someone will be interested.
Yes, a great niche to be in, @smartketeer. How do you ensure that your suppliers are promoting genuine organic and ethical product, not tested on animals etc., rather than just paying lip service to a trendy fashion?
We have owned day spas in the past and there is no doubt that beauty products are huge sellers. The organic trend is becoming more popular than ever.
Thanks for the statistics!
Another great niche you got here, so many that you keep bringing. Like your posts always worth reading.
See more comments
Another great one. Thanks Zed.
Thanks Mickey!