Why These Two Stocks Are Benefitting From The $511 Billion Beauty IndustrySep 17, 2021
The global beauty industry market was valued at $511 billion in 2021. This market is projected to grow to $716 billion by 2025. In the US alone, the cosmetic market is worth over $63 billion. With such a large market, there has shockingly been only four dominant players for years. They are Unilever, L'Oreal, Estee Lauder & Proctor & Gamble and they receive most of the dollars spent. But for the first time ever, younger startup companies are truly disrupting the space and the beauty stock market. And there are two companies who stand ready to greatly benefit and take marketshare from some of these large players. They are Ulta & Kohl's. Let's get into why and what this means for their stock price below:
Fenty Stock: Rihanna's $4B Beauty Brand Is Disrupting The Beauty Industry:
In order to understand where the stock is going, we need to first give some context into the disruption of this industry. And at the center of the disruption, is Rihanna's $4B brand, Fenty. Yes, you read that right. Rihanna is actually changing the nature of this massive industry.