The cosmetics sector is one of the world’s fastest-growing industries, with sales expected to exceed $500 billion by 2020. Makeup, shampoos, lotions, scents, creams, and other beauty goods are all part of the cosmetics sector. In March, the stock price of cosmetic businesses fell by 52%. Due to the widespread usage of facemasks, sales of beauty items, particularly lipsticks, fell by 24%. By 2025, global skincare sales are estimated to reach $181 billion. Color cosmetic sales are expected to fall by 2% on average, according to Vogue Business. In the first quarter of 2021, Ulta Beauty, Inc. reported a 16 percent rise in online orders. Due to their great stock performance, big beauty companies such as Inter Parfums, Inc., Revlon, Inc., and E.l.f. Beauty are gaining popularity among investors.
Insider Monkey now discusses the 10 best beauty stocks to invest in. On the list of the best beauty stocks to invest in, Natura & Co Holding S.A. is ranked fifth. The Body Shop, Avon, Aesop, and Natura are among the most well-known beauty brands owned by the corporation. Inter Parfums, Inc. is a fragrance manufacturer, seller, and marketer based in New York. For the past 30 years, the company has been in existence. It made nearly $198 million in revenue in the first quarter of 2021, up 37 percent from the previous quarter’s $144.8 million. On the list of the top beauty stocks to buy, Nu Skin Enterprises, Inc. ranks eighth. The company, which is situated in Utah, manufactures, sells, and markets cosmetic goods and self-care solutions. Nu Skin’s revenue increased by 31% year over year to $577 million in the first quarter of 2021. E.l.f. Beauty, Inc. is a cosmetics and skincare company based in the United States. In the fourth quarter of FY21, the company earned $36.8 million in net income. Its stock has increased by more than 60% in the last year. Revlon, Inc. is a well-known cosmetics company in the United States. Elizabeth Arden and Charles Revson are just a few of the company’s well-known beauty brands. Revlon’s revenue in the first quarter of 2021 was $445 million, down from $453 million the previous year. For more details, click 10 Best Beauty Stocks to Invest In.