North America Cosmeceuticals Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.24 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Cosmeceuticals Market Analysis
North America Cosmeceutical Products Market is forecasted to reach USD 18 billion by 2025 growing at a CAGR of 8.24% during the forecast period.
- The aging population was one of the primary factors driving the growth of the cosmeceuticals market in the recent past. Over the past two decades, declining fertility and mortality rate have resulted in a sustained rise in the aging population, globally.
- People are living longer because of better nutrition, healthcare, education, and economic well-being. The strong desire among men and women to retain youthful appearances have groomed and nurtured the cosmetic industry, worldwide.
- Rapidly aging demographics has led torobust demand for anti-aging products, in order to prevent wrinkles, age spots, dry skin, uneven skin tone, and even hair damages, creating room for new innovations in cosmetics, thus, boosting the industry growth.
North America Cosmeceuticals Market Trends
This section covers the major market trends shaping the North America Cosmeceutical Market according to our research experts:
Anti-Aging Products Remain the Fastest Growing Segment
Aging population was one of the primary factors driving the growth of the cosmeceuticals market in the recent past. Aging has been evolved as one of the primary beauty concerns faced by the male and female population alike, around the globe. Although aging is a natural process, many factors have been identified as causes for loss of elasticity and formation of wrinkles. These causes include damage from climatic conditions (sun, cold, and wind), smoking, stress, fatigue, malnutrition, and environmental irritants. With the rising pollution levels and consumers’ consciousness regarding health, the market for cosmeceuticals is expected to witness a robust growth over the forecast period. Though they are priced significantly higher than the conventional cosmetic products, due to the presence of active ingredients, growing disposable income has facilitated consumers towards purchasing these products, particularly in the highly developed roots of North America.
United States Dominated the North America Cosmeceutical Products Market
The United States belongs to one of the three main trading blocks of cosmeceuticals Market. The developed healthcare infrastructure and high per capita spending in the United States are expected to drive the growth of the cosmeceuticals market. Drug stores held a prominent share especially selling products like antiperspirants, antidandruff shampoos, and sunscreens in the United States. The cosmetic industry ranks high among the nanotechnology patent holders in United States. L’Oreal, which devotes 3.4% of its revenues to research and innovation, is the industry leader on nano patents followed by Procter & Gamble and Henkel. The cosmeceuticals market is one of the fastest growing industries in Canada and is dominated by international players. There has been a considerable demand for anti-wrinkle products in the North America region.
North America Cosmeceuticals Industry Overview
Procter And Gamble, Johnson And Johnson, L’oreal, Avon, Allergan, Croda, International Plc, Sabinsa Corporation, Unilever, Clarins, Shiseido Group, Henkel, Estee Lauder, Beiersdorf are leading companies are focused on acquiring small-scale cosmeceuticals manufacturing units for expanding their business in local as well as foreign markets. Companies invested heavily in the foreign markets to establish new manufacturing plants, in order to cater to increasing demand and expand the business.Key players, such as L'Oréal SA, Beiersdorf AG, and Procter & Gamble are now focusing on social media platforms and online distribution channels for online marketing and branding of their products, to attract more customers.
North America Cosmeceuticals Market Leaders
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Procter & Gamble
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Johnson & Johnson
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L'Oréal
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Unilever
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Shiseido Co.,Ltd.
*Disclaimer: Major Players sorted in no particular order
North America Cosmeceuticals Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Skin Care
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5.1.1.1 Anti-Aging
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5.1.1.2 Anti-Acne
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5.1.1.3 Sun Protection
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5.1.1.4 Moisturizers
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5.1.1.5 Others
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5.1.2 Hair Care
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5.1.2.1 Hair Fall
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5.1.2.2 Anti-Dandruff
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5.1.2.3 Hair Colorants
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5.1.2.4 Others
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5.1.3 Oral Care
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5.1.4 Others
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5.2 By Distribution Channels
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5.2.1 Hypermarkets and Supermarkets
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5.2.2 Convenience Stores
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5.2.3 Online Stores
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5.2.4 Speciality Stores
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5.2.5 Others
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5.3 Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Key Staretegies Adopted
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Procter and Gamble
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6.4.2 Jhonson & Jhonson
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6.4.3 L'Oreal
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6.4.4 Bayer AG
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6.4.5 Allergan
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6.4.6 Croda International PLC
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6.4.7 Sabinsa Corporation
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6.4.8 Unilever
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6.4.9 Clarins
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6.4.10 Henkel
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Cosmeceuticals Industry Segmentation
The North American cosmeceuticals market has been segmented by product type, into skin care products, hair care products, oral care, and others. Sun protection is not limited to regular sun care products, due to the emergence of multi-purpose products. To meet these evolving consumer’s needs, vendors are adding new and innovative sun care products to their existing product lines, which, in turn, is boosting the market growth across the region. To raise more awareness of the importance and benefits, using sun care products across the region, vendors are educating consumers about such products through television, social media, online channel, and awareness campaigns. Therefore, with such initiatives and beliefs, the sun care products market is expected to witness a positive outlook, during the forecast period.
By Product Type | |||||||
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Oral Care | |||||||
Others |
By Distribution Channels | |
Hypermarkets and Supermarkets | |
Convenience Stores | |
Online Stores | |
Speciality Stores | |
Others |
Geography | |
United States | |
Canada | |
Mexico | |
Rest of North America |
North America Cosmeceuticals Market Research FAQs
What is the current North America Cosmeceutical Products Market size?
The North America Cosmeceutical Products Market is projected to register a CAGR of 8.24% during the forecast period (2024-2029)
Who are the key players in North America Cosmeceutical Products Market?
Procter & Gamble, Johnson & Johnson, L'Oréal, Unilever and Shiseido Co.,Ltd. are the major companies operating in the North America Cosmeceutical Products Market.
What years does this North America Cosmeceutical Products Market cover?
The report covers the North America Cosmeceutical Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Cosmeceutical Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Cosmeceutical Products Industry Report
Statistics for the 2024 North America Cosmeceutical Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Cosmeceutical Products analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.