Diy makeup is a huge $100 million business, but its growth has been slower than the industry leaders, according to research firm Strategy Analytics.
The research firm estimates that the beauty industry has more than $1.4 billion in revenue and employs about 6.5 million people worldwide.
The industry has been a driver of growth in the United States, Europe and China for decades.
The beauty industry is also the largest source of government revenue for the United Kingdom, according the report, which estimates that there are $2.3 billion in direct government support to the cosmetics industry.
Diy has long been a cash cow for beauty retailers, who are able to sell products at lower prices and then resell them to consumers at higher prices.
But with sales of cosmetics such as deodorant and shaving cream being down, and the cost of using them skyrocketing, the beauty companies have been struggling to survive.
In 2013, a study found that the average beauty product sold cost $5.39 in the U.S. But in the last three years, prices for cosmetics such a deodorator, conditioner, face wash and lip balm have skyrocketed.
That’s caused companies to try to make more profit on products that are cheaper, but the sales have not kept pace with demand, according To The Cut.
In addition to its popularity among younger consumers, the trend has also become a trend among older consumers.
According to the research firm, diy has an average age of 47.5 years old, with the average male makeup wearer spending $3,937 annually.
That means the average age for diy sales is down from the average ages of 63.5 and 65 years old for beauty and personal care products in the mid-1990s.
“People are starting to realize that there’s a lot more of it out there,” said Stephanie Lohman, a senior analyst at Strategy Analytics, who said she is surprised that diy cosmetics are still relatively inexpensive.
“If you’re not willing to pay a premium for something that costs $100, you’re going to end up paying for it.
It’s a huge opportunity for consumers.”
Lohman said diy had a higher than average share of millennial consumers and older adults in the early 2000s.
Diya has also had a bumpy ride in the beauty market.
As of the end of 2018, there were 5.6 million beauty products sold in the world.
That number has steadily been rising since then, but it is still below the global beauty market that includes brands such as Estee Lauder and L’Oreal.
However, the report also found that there were 1.2 million beauty product sales in Europe, where the industry has grown from about 200 million products sold last year to over 4.4 million products in 2018.