Source page: McKinsey & Company
Commentary
Underrepresented in revenues
Diversity & Inclusion | Retail
August 17, 2022 – Black beauty brands take in only 2.4 percent of revenue in the overall beauty market in the United States. By comparison, that figure lags behind the 11.1 percent of the Black consumer spend on beauty products and the 12.4 percent of Black people in the US population.

To read the article, see “Black representation in the beauty industry,” June 10, 2022.
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Visual form
Area-size comparison chart built from four large gray diamonds with smaller blue diamonds nested at their bases.
Layout / body structure
The page presents a single chart read left to right across Hair care, Makeup, Skin care, and Total. Each category gets one large gray diamond for overall category revenue, then two much smaller blue diamonds stacked at the bottom to show Black-founded company revenue within that category, before the notes sit underneath the full row.
What is being compared
The visual compares annual US beauty sales revenue across four product buckets and, inside each bucket, separates the revenue tied to Black-founded, Black-owned companies from the revenue tied to Black-founded, non-Black-owned companies.
Measurement system
The chart uses approximate dollar revenue in billions, not percentages, and it relies on area size plus printed numeric labels. The big black labels above the gray diamonds show total category revenue, while the smaller labels around the blue diamonds show the much smaller Black-founded revenue amounts.
Visible structure inside the graphic
Hair care, Makeup, and Skin care each have one gray diamond scaled to category size, and Total has the largest gray diamond at the far right. At the base of every category diamond, a darker blue diamond marks Black-founded, Black-owned revenue and a lighter blue diamond marks Black-founded, non-Black-owned revenue, so the ownership split is repeated in the same position across all four categories.
Main takeaway from the visual
The chart shows that the blue diamonds remain tiny inside every product category and in the total market, so Black-founded brands make up only a sliver of beauty revenues even though the surrounding category markets are large. The gap is visible most clearly in the Total column, where the overall market diamond dwarfs the two nested blue diamonds.
Key standout values or extremes
The category totals are $15 billion for Hair care, $20 billion for Makeup, $25 billion for Skin care, and $60 billion in Total. The Black-founded revenue labels are far smaller: Hair care shows $0.1 billion Black-owned and $0.4 billion non-Black-owned, Makeup shows $0.1 billion and $0.6 billion, Skin care shows $0.03 billion and $0.2 billion, and Total shows $0.23 billion Black-owned plus $1.2 billion non-Black-owned.
Controls / sequence, when applicable
This is a static chart image with no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the chart image is the full visual on this page.