Economic Insights:
GDP & The Beauty Market
Exploring economic output and the significant role of beauty supply and hair products in the US, Michigan, and Metro Detroit.
United States Economy: A Global Powerhouse
This section provides an overview of the Gross Domestic Product (GDP) for the entire United States, showcasing its immense economic scale and recent growth trends.
US GDP (2023)
$27.7T
The total value of goods and services produced in the United States in 2023.
US GDP Annual Growth
Annual percentage change in US GDP from 2020 to 2023.
Michigan & Metro Detroit: Regional Economic Drivers
Delve into the economic performance of Michigan and its largest metropolitan area, Detroit-Warren-Dearborn, highlighting their contributions to the national economy.
Michigan GDP (2023)
$673.8B
Michigan's Gross Domestic Product in 2023, representing its substantial economic output.
Metro Detroit GDP (2023)
$331.3B
The Gross Domestic Product of the Detroit-Warren-Dearborn MSA in 2023.
Michigan & Metro Detroit GDP Growth
Annual GDP growth for Michigan and Metro Detroit (Detroit-Warren-Dearborn MSA).
Beauty Supply Market: A Vibrant Economic Contributor
Discover the significant economic footprint of the beauty supply and hair products market, highlighting its size, growth, and key segments.
US Beauty & Personal Care Market (2023)
$92.0B
Total market size for beauty and personal care products in the US.
US Hair Care Market (2024)
$12.96B
The specific market size for hair care products in the US.
Projected Market Growth (2025-2030)
+5.1%
Compound Annual Growth Rate (CAGR) for the US Beauty & Personal Care Market.
US Cosmetics Market Segmentation (2023)
Breakdown of revenue share by product type within the US cosmetics market, highlighting hair care's role.