The Booming Makeup Artist Industry: A Look at Its Size and Scope

As social media has grown and beauty influencers and makeup artists have become more well-known, the makeup industry has been expanding rapidly in recent years. The global cosmetics industry was estimated to be worth $532 billion in 2017 and is expected to grow to $863 billion by 2024, according to a survey from Zion industry Research. It’s no surprise that the makeup artist industry is booming given the size of the market.

Makeup artists are experts who focus on utilizing makeup methods to improve the appearance of their clientele. In addition to fashion, film, television, theater, and special events, they also work in these fields. In addition to individual makeup artists, the makeup artist sector also includes makeup studios, beauty parlors, and cosmetic manufacturers.

Huda Kattan, the creator of Huda Beauty, is one of the most renowned makeup artists in the business. The business was established in 2013 and has since grown to be one of the most well-known beauty businesses globally. According to Forbes, Kattan’s net worth is thought to be over $610 million. A new generation of makeup artists has been motivated by her success to establish their own brands and follow in her footsteps. Although makeup artists have the potential to make a good living from their profession, the pay can vary greatly depending on the type of work they do, their location, and their experience. The average pay for a makeup artist in the US is roughly $20 per hour, according to Payscale. Top makeup artists can make considerably more money, with some charging up to $1,000 per session.

Gucci Westman, another well-known makeup artist in the field, has worked with well-known people including Cameron Diaz and Jennifer Aniston. In addition, Westman is the creator of Westman Atelier, a high-end beauty line that emphasizes natural, nontoxic products. David Neville, a co-founder of the clothing line Rag & Bone, is her husband.

There are a number of competitors fighting for first place among the most well-known makeup brands. L’Oreal Paris, MAC Cosmetics, and Maybelline New York are the top three makeup brands in the world by revenue, according to a Statista research. However, more contemporary companies like Fenty Beauty and Glossier have also seen tremendous growth in popularity.

In conclusion, a variety of specialists and companies endeavor to improve the beauty and confidence of their clients, making the makeup artist sector a prominent player in the worldwide cosmetics market. The demand for makeup artists will no doubt increase as new companies and influencers enter the market and the sector continues to expand.