North America Skincare MarketNorth America Skincare Market Charting Growth Trajectories: Analysis and Forecasts 2024-2032
North America Skincare Market by Product (Creams, Lotions, Powders, Sprays, Others), by Forecast 2024-2032
Base Year: 2023
150 Pages
North America Skincare Market Charting Growth Trajectories: Analysis and Forecasts 2024-2032
Key Insights
The North America Skincare Market size was valued at USD 104.24 USD billion in 2023 and is projected to reach USD 166.29 USD billion by 2032, exhibiting a CAGR of 6.9 % during the forecast period. The process of taking care of the skin by maintaining its health and keeping it looking great is referred to as skin care. It is used to cleanse, moisturize, protect from harmful UV rays as well as treat various imperfections such as acne and signs of aging. Skincare has different types including basic multi-step daily routines, treatments that target specific skin issues or professional services like chemical peels and laser therapy. It is common that self-made skincare products will have several types of cleanser, moisturizer, serums or sunscreen. Here in North America, the present skincare trend is based on natural and organic components, sustainability, as well as personalized routines that address the nature of skin, skin type, and skin concerns. Moreover, one notes a continued development of the use of high technologies, for example, LED light therapy or individual cosmetic devices added to the home regimen with the purpose of greater effectiveness.
North America Skincare Trends
- Growing awareness of skincare benefits
- Increasing demand for personalized skincare solutions
- Rise of e-commerce and online skincare sales
- Innovations in skincare ingredients and technologies
- Growing trend of clean and sustainable beauty
Driving Forces: What's Propelling the North America Skincare Market
- Increasing disposable income: Consumers have more money to spend on non-essential items, including skincare.
- Aging population: The growing number of older adults is driving demand for anti-aging skincare products.
- Rising health consciousness: Consumers are becoming more aware of the importance of skincare for overall health and well-being.
- Influence of social media and celebrity endorsements: Celebrities and influencers are promoting the use of skincare products, creating a buzz around the industry.
Challenges and Restraints in North America Skincare Market
- Competition from mass market brands: Drugstore and department store skincare brands offer affordable options.
- Cluttered marketplace: The market is flooded with skincare brands and products, making it challenging for consumers to choose.
- Counterfeit and low-quality products: The market is vulnerable to counterfeit and low-quality products that can damage consumers' trust.
Emerging Trends in North America Skincare
- Personalization: Consumers are looking for skincare products tailored to their unique skin types and concerns.
- Clean beauty: There is a growing demand for skincare products made from natural and organic ingredients.
- Technology advancements: New technologies, such as artificial intelligence and augmented reality, are being used to enhance the skincare experience.
Growth Catalysts in North America Skincare Industry
- Government initiatives: Governments are promoting the use of skincare products through public health campaigns.
- Research and development: Cosmetic companies are investing in research and development to create innovative skincare products.
- Targeted marketing: Skincare brands are using targeted marketing campaigns to reach specific consumer demographics.
Market Segmentation: North America Skincare Analysis
Product:
- Creams
- Lotions
- Powders
- Sprays
- Others
Leading Players in the North America Skincare Market
- L'Oréal S.A. (France)
- Unilever Plc. (U.K.)
- The Procter & Gamble Co. (U.S.)
- Shiseido Co., Ltd. (Japan)
- Coty Inc. (U.S.)
- Beiersdorf AG (Germany)
- Galderma S.A. (Switzerland)
- Kao Corporation (Japan)
- Laboratoires Pierre Fabre (France)
- Johnson & Johnson Services, Inc. (U.S.)
Significant developments in North America Skincare Sector
- Coty Inc. acquires Wella Company in 2020.
- Shiseido acquires Drunk Elephant in 2019.
- The Procter & Gamble Co. launches Olay Regenerist in 2021.
Comprehensive Coverage North America Skincare Market Report
The report provides a comprehensive analysis of the North America skincare market, including:
- Market size and growth forecasts
- Industry trends and drivers
- Competitive landscape and market share analysis
- Regional insights
- Consumer behavior analysis
- DROCs (Drivers, Restraints, Opportunities, Challenges)
- Acqui-Merger analysis
Regional Insight
- United States
- Canada
- Mexico
Consumer Side Analysis
- Age group
- Gender
- Income level
- Skin type
- Lifestyle
DROCs
Drivers: Increasing disposable income, aging population, rising health consciousness, social media influence.
Restraints: Competition from mass market brands, cluttered marketplace, counterfeit products.
Opportunities: Personalization, clean beauty, technology advancements.
Challenges: Demonstrating product efficacy, maintaining brand loyalty in a crowded market.
Acqui-Merger
- Coty Inc. acquired Wella Company in 2020.
- Shiseido acquired Drunk Elephant in 2019.
North America Skincare Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 6.9% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Demand for Bath Towels from End-use Industries to Propel the Market Growth
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Dental Spas to Add Impetus to Industry Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. North America Skincare Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Product
- 5.1.1. Creams
- 5.1.2. Lotions
- 5.1.3. Powders
- 5.1.4. Sprays
- 5.1.5. Others
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1.
- 5.1. Market Analysis, Insights and Forecast - by Product
- 6. United States North America Skincare Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Product
- 6.1.1 Creams
- 6.1.2 Lotions
- 6.1.3 Powders
- 6.1.4 Sprays
- 6.1.5 Others
- 7. Canada North America Skincare Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Product
- 7.1.1 Creams
- 7.1.2 Lotions
- 7.1.3 Powders
- 7.1.4 Sprays
- 7.1.5 Others
- 8. Mexico North America Skincare Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Product
- 8.1.1 Creams
- 8.1.2 Lotions
- 8.1.3 Powders
- 8.1.4 Sprays
- 8.1.5 Others
- 9. Rest of North America North America Skincare Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Product
- 9.1.1 Creams
- 9.1.2 Lotions
- 9.1.3 Powders
- 9.1.4 Sprays
- 9.1.5 Others
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2023
- 10.2. Company Profiles
- 10.2.1 L’Oréal S.A. (France)
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Unilever Plc. (U.K.)
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 The Procter & Gamble Co. (U.S.)
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Shiseido Co. Ltd. (Japan)
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Coty Inc. (U.S.)
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Beiersdorf AG (Germany)
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Galderma S.A. (Switzerland)
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Kao Corporation (Japan)
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Laboratoires Pierre Fabre (France)
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Johnson & Johnson Services Inc. (U.S.)
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.1 L’Oréal S.A. (France)
List of Figures
- Figure 1: North America Skincare Market Revenue Breakdown (USD billion, %) by Product 2023 & 2031
- Figure 2: North America Skincare Market Value Share (%), by Product 2023 & 2031
- Figure 3: North America Skincare Market Share (%) by Company 2023
List of Tables
- Table 1: North America Skincare Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 2: North America Skincare Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 3: North America Skincare Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 4: North America Skincare Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 5: North America Skincare Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 6: North America Skincare Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 7: United States North America Skincare Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 8: Canada North America Skincare Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 9: Mexico North America Skincare Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 10: Rest of North America North America Skincare Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 11: North America Skincare Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 12: North America Skincare Market Revenue USD billion Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 6.9% from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
About Market Research Forecast
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.
