health & beauty
Apollo and Artemis Beauty by Equality® is an award-winning skincare brand founded by Laura Lee in New York.
The lack of all-inclusive s...
Beauty products hold significant importance for many American females, standing alongside essentials like apparel and fitness.
With an increasing number of males showing concern for their physical appearance and fitness, the population's expenditure on beauty products is sizable.
Consumers spend $3,756 annually, equivalent to $313 per month, on makeup and self-care products.
This spending behavior supports the growth of beauty supply businesses in the U.S. Currently, the U.S. beauty supply market is valued at an impressive $91.41 billion, leading the global beauty supply industry. Furthermore, it's projected to grow at a CAGR of 2.60%.
Given this data, it's evident that selling beauty products can generate good revenue for businesses. Your business, too, can prosper in this industry, provided you partner with the right wholesale vendors for beauty supplies.
You can find such vendors in our directory, offering a wide range of marketable beauty supply products like cleansers, foundations, gels, lipsticks, lotions, mascaras, moisturizers, serums, and many more.
Consider the following factors when selecting a vendor for beauty supplies:
If you don’t have a professional quality control team you can send samples to a lab for testing.
Keep up with the latest trends reshaping the beauty supply industry to cater to consumer preferences and sell high-demand products:
This is likely due to the attractive packaging, high-quality ingredients, and quick, desirable results of premium cosmetics.
Consumers also prefer eco-friendly packaging materials like cardboard, glass, and paper. This trend has boosted the sales of natural beauty products, reaching a market value of $1.75 billion this year. The market is expected to hit $2.29 billion by 2027, growing at a CAGR of 7.06%.
TikTok is the leading platform for beauty product purchases, with 89% of buyers using it. It's followed by Instagram at 66%, Facebook at 59%, and Twitter at 56%.
Your business can potentially enjoy substantial growth by harnessing these trends into actionable insights and choosing beauty supply vendors based on these guidelines.
Copyright 2024 Seebiz Inc. All rights reserved