The beauty industry has become a major source of revenue for car companies.
According to research firm Mintel, a $8 billion car business in the U.S. alone makes up 40% of total sales.
And according to research group Mintel , nearly three out of four car buyers in the country say they buy their cars for beauty.
The beauty market is booming.
According a study by Mintel in September, beauty accounted for $1.3 billion in the beauty industry, up nearly 50% from last year.
And Mintel says the growth is continuing, with beauty accounts for $3.7 billion in sales in 2017.
The market is expected to grow to $9.3 million in 2019, according to Mintel.
The industry is growing fast, but so is the competition.
Car companies have found it increasingly difficult to compete with beauty-related services like salons, beauty shops and online beauty advice.
In 2017, beauty was the third-most-segmented consumer product category with a median spend of $2,500, up from $1,500 in 2016.
The growth has been driven by a growing interest in personal care, which accounts for nearly $1 billion of beauty spending in 2017, up 18% from 2016.
And beauty is growing faster than many other segments.
Beauty accounted for 11% of consumer spending in 2018, up 15% from 2017, according a study Mintel conducted.
The category is expected gain another 4% in 2019 and 7% in 2020.
In 2020, beauty sales will increase by 13%, and cosmetics will grow by 8%.
“Beauty is growing, and there’s no doubt about that,” said Kristin McAllister, director of marketing for beauty and skin care for Johnson & Johnson.
“We’re seeing growth in the category, which is a big shift.
But that growth is not the same growth as other categories.
And that’s a big deal.”
Beauty and salons aren’t the only ones that are struggling.
According and Mintel research, beauty accounts in the car industry accounted for more than 60% of the market for grooming products in 2019.
“That is a huge part of our business,” McAllisters said.
The beauty and salon industry has struggled with rising costs.
According the latest data from Mintel from December 2018, retail beauty and salon costs in the United States were $1 million in 2018.
This year, retail costs were $3 million, up 19% from 2018.
The increase is largely due to rising costs in new products.
For example, beauty products were up about $100 million in retail costs this year.
“With new products, it’s very difficult to build an audience for beauty products because you’re not creating an existing brand,” Mcallisters said, adding that the industry is seeing a significant shift in consumer spending toward beauty.
“The beauty and beauty salon industry is going to need to adapt to these changes and the growth of the beauty market in the future,” McAuliffe said.
As for the beauty business, there are many things to do to compete in the market.
One of them is hiring a team of beauty experts.
According Mintel’s research, the beauty and cosmetics industry is projected to grow $12.7 million in the next five years, up 9% from 2020.
And the beauty profession is also looking to attract women, with the industry’s share of women over the age of 50 growing to 17.
But McAllisher said that beauty needs to be a career, and she thinks the industry needs to look to the future.
“There’s so much going on in the world today,” McALLISTER said.
“People are looking for an opportunity in their lives, and if you want to have that opportunity, it has to be something that’s something that you want.”
McAlliner said she thinks it’s time to invest in the industry.
“I think the beauty, salons and beauty businesses have really had their day.
They have to grow and grow, and it’s going to take time.
And we’re going to have to look at new business models,” she said.