What is the current Canada Cosmetic Products Market size?

The Canada Cosmetic Products Market is projected to register a CAGR of 6.45% during the forecast period (2024-2029) Read More

Who are the key players in Canada Cosmetic Products Market?

L'Oréal S.A., The Estée Lauder Companies, Coty Inc., Groupe Marcelle Inc. and Revlon, Inc. are the major companies operating in the Canada Cosmetic Products Market. Read More

What years does this Canada Cosmetic Products Market cover?

The report covers the Canada Cosmetic Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Cosmetic Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What is the impact of e-commerce on the Canadian Cosmetics Market?

The impact of E-commerce on the Canadian Cosmetics Market are a) Online shopping growth b) Convenience c) Omnichannel retail strategies Read More

Canada Cosmetic Products Market Trends

Statistics for the 2023 & 2024 Canada Cosmetic Products market trends, created by Mordor Intelligence™ Industry Reports. Canada Cosmetic Products trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Canada Cosmetic Products Industry

This section covers the major market trends shaping the Canada Cosmetic Products Market according to our research experts:

Innovative Packaging Fascinate Consumers

Consumer demand for enhanced functionality and eco-friendliness in cosmetic design is resulting in exciting innovations in the packaging and design of cosmetics products.
Manufacturers are offering a wide variety of innovative choices and creative technologies to serve the market. Various significant cosmetics companies are showing innovative changes in packaging and design. For instance, Procter & Gamble has shifted to plant-derived packaging for some of its leading global cosmetic brands and uses sugarcane-derived plastic from Brazil's Braskem.
In addition, L'Oréal recently helped to reduce the environmental impact of its packaging by introducing two new assessment tools, namely, sustainable packaging scorecard (SPS) and packaging impact quick evaluation tool (PIQET), to its package design process.

Canada Cosmetic Products Market: Consumer (under 45) willing to pay more for Sustainable Packaging (%), Canada, 2021-2022

Understand The Key Trends Shaping This Market

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Premium Cosmetics are Projected to Grow at a Significant Rate

The increasing trend of using sun protection creams, skin repair night creams, fragrances, trending hair colors, and many more, is boosting the market as consumer demands for all these products are increasing daily.
With growing consumer concern over the health benefits of the beauty routines they follow to achieve attractive personalities and positive attitudes, the consumer prefers more premium products which contain natural and non-invasive ingredients, which leads to a rise in the purchasing volume of cosmetics in Canada.
L'Oréal Canada, with its successful premium brands Lancôme and IT Cosmetics, leads the premium cosmetics segment in the country. The company has invested in digital strategies to enhance its market share.
For instance, due to the availability of premium cosmetics products on e-commerce retail websites company's sales raised by 62% in broad segments and regions for the year 2021.