Key stat: Some 22% of beauty retail sales worldwide will take place online this year, the most of any sales channel, per McKinsey. Physical specialty stores, such as Sephora and Ulta Beauty, will come in a close second (20%), while department stores will rank last (8%).
Beyond the chart:
- US cosmetics and beauty sales will grow by 10.1% this year, per our forecast, remaining resilient even as consumers pull back in many discretionary categories.
- The category’s ecommerce sales will grow faster still, by 13.6%, according to our estimates.
- Amazon will surpass Walmart in US beauty sales by 2025, according to a Morgan Stanley research note.
Use this chart:
- Develop advertising strategies that prioritize digital.
- Evaluate shifting purchasing behavior in beauty.
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