U.S. Cosmeceuticals MarketU.S. Cosmeceuticals Market 2024 Trends and Forecasts 2032: Analyzing Growth Opportunities
U.S. Cosmeceuticals Market by Product Type [Skin Care (Anti-aging, Skin Whitening, Sun Protection, Professional Skincare, Anti-acne, Others), by Distribution Channel (Pharmacy/Drug Stores, Online Stores, Others), by Forecast 2024-2032
Base Year: 2023
180 Pages
U.S. Cosmeceuticals Market 2024 Trends and Forecasts 2032: Analyzing Growth Opportunities
Key Insights
The U.S. Cosmeceuticals Market size was valued at USD 12.16 USD billion in 2023 and is projected to reach USD 20.84 USD billion by 2032, exhibiting a CAGR of 8.0 % during the forecast period. Cosmeceuticals are cosmetic products that are infused with such bioactive ingredients that they function like drugs or biological agents, whereas they are meant to do more than just provide healthy skin care. These fall into 3 categories that are, antioxidants, peptides, botanicals, and retinoids, for the treatment of different skin conditions such as aging acne and hyperpigmentation. They very often have higher compound concentrations than premise make-up products which are not under the same regulation as drugs. Cosmeceuticals are a category of cosmetics that extend themselves to pharmaceuticals, to bring visible results to the clients' skins. A routinely preferred ingredient in anti-aging creams, serums, and moisturizers, they cater to a spiraling consumer request for non-surgical skincare. The recent US market trend has shown strong growth in an appetite for natural and organic formulations, personalized skincare, and innovative delivery systems, hence the increase in product innovation and market growth.
U.S. Cosmeceuticals Trends
- Growing awareness about skin health and beauty
- Increasing demand for natural and organic ingredients
- Rise in the adoption of personalized skincare products
Driving Forces: What's Propelling the U.S. Cosmeceuticals Market
- Aging population: The increasing elderly population in the U.S. is a significant driver of the cosmeceuticals market. As the number of elderly consumers grows, so does the demand for anti-aging products. These consumers are concerned about skin aging, wrinkles, and other age-related skin issues, which has led to a surge in demand for cosmeceuticals that target these concerns.
- Rising disposable income: The growing disposable income in the U.S. has contributed to the rise of the cosmeceuticals market. Consumers are spending more on personal care products, including cosmeceuticals as they are willing to invest in their appearance. The increasing affordability of cosmeceuticals has also made them more accessible to a wider range of consumers.
- Technological advancements: The cosmeceuticals market has also been driven by technological advancements. The development of new ingredients and formulations has led to the creation of more effective and innovative cosmeceuticals. These advancements have allowed manufacturers to address a wider range of skin concerns and provide tailored solutions to consumers.
- E-commerce growth: The rapid expansion of e-commerce platforms has significantly impacted the cosmeceuticals market. Online retailers have made it convenient for consumers to purchase cosmeceuticals from the comfort of their homes. The ease of online shopping and the availability of a wide range of products have contributed to the growth of the cosmeceuticals market.
- Social media influence: Social media has become a powerful force in driving the demand for cosmeceuticals. Consumers are increasingly turning to social media for beauty tips, product recommendations, and before-and-after images. The influence of beauty influencers and celebrities has played a significant role in shaping consumer preferences and increasing awareness of cosmeceuticals.
Challenges and Restraints in the U.S. Cosmeceuticals Market
- Regulations and safety concerns: The U.S. Food and Drug Administration (FDA) has strict regulations on cosmeceuticals, which can limit product innovation.
- Competition from traditional skincare products: Cosmeceuticals face competition from traditional skincare products, which are often cheaper and more accessible.
Emerging Trends in U.S. Cosmeceuticals
- Artificial Intelligence (AI): AI-powered skincare devices and apps are gaining popularity, offering personalized skincare recommendations and treatments.
- Precision skincare: Cosmeceuticals tailored to specific skin conditions and concerns are becoming increasingly popular.
- Sustainable cosmeceuticals: Consumers are demanding cosmeceuticals that are environmentally friendly and cruelty-free.
Growth Catalysts in the U.S. Cosmeceuticals Industry
- Government initiatives: The U.S. government supports research and development in the cosmeceutical industry through grants and funding.
- Partnerships and acquisitions: Collaborations between cosmeceutical companies and research institutions, and acquisitions of smaller companies, are accelerating industry growth.
Market Segmentation: U.S. Cosmeceuticals Analysis
Product Type:
- Skin Care: Anti-aging, Skin Whitening, Sun Protection, Professional Skincare, Anti-acne, Others
- Hair Care: Hair Growth, Anti-Dandruff, Scalp Treatments, Others
- Makeup: Foundation, Concealer, Mascara, Lipstick, Others
Distribution Channel:
- Pharmacy/Drug Stores
- Online Stores
- Others: Department Stores, Beauty Salons
Leading Players in the U.S. Cosmeceuticals Market
Significant Developments in the U.S. Cosmeceuticals Sector
- April 2023 – Estée Lauder Companies Inc. completed the acquisition of TOM FORD, the U.S.-based luxury brand company.
- September 2022 – L’Oréal acquired Skinbetter Science, the America-based skincare brand, to enhance its product offerings in the North American region.
- February 2021 – Beiersdorf launched O.W.N., a face care brand, to strengthen its product portfolio.
Comprehensive Coverage U.S. Cosmeceuticals Market Report
Our comprehensive U.S. Cosmeceuticals Market Report offers:
- Detailed analysis of market trends and developments
- Market size and forecasts by product type, distribution channel, and industry drivers
- Market share analysis of major players
- Competitive landscape and company profiles
- Regulatory framework and industry insights
Regional Insight
- East Coast
- West Coast
- Midwest
- South
DROCT
Drivers: Aging population, Rising disposable income, E-commerce growth
Restraints: Regulations and safety concerns, Competition from traditional skincare products
Opportunities: AI-powered skincare, Precision skincare, Sustainable cosmeceuticals
Challenges: Changing consumer preferences, Economic downturn, Supply chain disruptions
Threats: Health and safety substitutes, Regulatory restrictions
Pricing Analysis
Cosmeceuticals are generally priced higher than traditional skincare products due to their advanced formulations and ingredients. The price range varies depending on brand, product type, and distribution channel.
Import And Export Analysis
The U.S. imports a significant portion of its cosmeceuticals from countries like France, Germany, and Japan. However, the U.S. also exports its cosmeceuticals to countries in Asia and Latin America.
Segmentation
- Product Type: Skin Care, Hair Care, Makeup
- Distribution Channel: Pharmacy/Drug Stores, Online Stores, Others
- Region: East Coast, West Coast, Midwest, South
Patent/Trademark Analysis
Companies in the U.S. cosmeceuticals market actively file patents and trademarks to protect their innovative products and technologies.
U.S. Cosmeceuticals 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 8.0% 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. Introduction of Cost-effective Manufacturing Processes to Drive Market Growth
- 3.3. Market Restrains
- 3.3.1. Increasing Cost of Cosmeceutical Products May Limit the Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 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. U.S. Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Product Type [Skin Care
- 5.1.1. Anti-aging
- 5.1.2. Skin Whitening
- 5.1.3. Sun Protection
- 5.1.4. Professional Skincare
- 5.1.5. Anti-acne
- 5.1.6. Others
- 5.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 5.2.1. Pharmacy/Drug Stores
- 5.2.2. Online Stores
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Product Type [Skin Care
- 6. Northeast U.S. Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Product Type [Skin Care
- 6.1.1 Anti-aging
- 6.1.2 Skin Whitening
- 6.1.3 Sun Protection
- 6.1.4 Professional Skincare
- 6.1.5 Anti-acne
- 6.1.6 and Others
- 6.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 6.2.1 Pharmacy/Drug Stores
- 6.2.2 Online Stores
- 6.2.3 and Others
- 7. Southeast U.S. Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Product Type [Skin Care
- 7.1.1 Anti-aging
- 7.1.2 Skin Whitening
- 7.1.3 Sun Protection
- 7.1.4 Professional Skincare
- 7.1.5 Anti-acne
- 7.1.6 and Others
- 7.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 7.2.1 Pharmacy/Drug Stores
- 7.2.2 Online Stores
- 7.2.3 and Others
- 8. Midwest U.S. Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Product Type [Skin Care
- 8.1.1 Anti-aging
- 8.1.2 Skin Whitening
- 8.1.3 Sun Protection
- 8.1.4 Professional Skincare
- 8.1.5 Anti-acne
- 8.1.6 and Others
- 8.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 8.2.1 Pharmacy/Drug Stores
- 8.2.2 Online Stores
- 8.2.3 and Others
- 9. Southwest U.S. Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Product Type [Skin Care
- 9.1.1 Anti-aging
- 9.1.2 Skin Whitening
- 9.1.3 Sun Protection
- 9.1.4 Professional Skincare
- 9.1.5 Anti-acne
- 9.1.6 and Others
- 9.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 9.2.1 Pharmacy/Drug Stores
- 9.2.2 Online Stores
- 9.2.3 and Others
- 10. West U.S. Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Product Type [Skin Care
- 10.1.1 Anti-aging
- 10.1.2 Skin Whitening
- 10.1.3 Sun Protection
- 10.1.4 Professional Skincare
- 10.1.5 Anti-acne
- 10.1.6 and Others
- 10.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 10.2.1 Pharmacy/Drug Stores
- 10.2.2 Online Stores
- 10.2.3 and Others
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 L’Oréal (France)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Estée Lauder Companies Inc. (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Beiersdorf (Germany)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Shiseido Company Limited (Japan)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Procter and Gamble (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Elementis Plc (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Avon (U.K.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Allergan (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 BASF SE (Germany)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Croda International Plc (U.K.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Unilever (U.K.)
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 Coty Inc. (U.S.)
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.13 Johnson & Johnson Services Inc. (U.S.)
- 11.2.13.1. Overview
- 11.2.13.2. Products
- 11.2.13.3. SWOT Analysis
- 11.2.13.4. Recent Developments
- 11.2.13.5. Financials (Based on Availability)
- 11.2.1 L’Oréal (France)
List of Figures
- Figure 1: U.S. Cosmeceuticals Market Revenue Breakdown (USD billion, %) by Product 2023 & 2031
- Figure 2: U.S. Cosmeceuticals Market Value Share (%), by Product Type [Skin Care 2023 & 2031
- Figure 3: U.S. Cosmeceuticals Market Value Share (%), by Distribution Channel 2023 & 2031
- Figure 4: U.S. Cosmeceuticals Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Product Type [Skin Care 2018 & 2031
- Table 2: U.S. Cosmeceuticals Market Volume K Units Forecast, by Product Type [Skin Care 2018 & 2031
- Table 3: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Distribution Channel 2018 & 2031
- Table 4: U.S. Cosmeceuticals Market Volume K Units Forecast, by Distribution Channel 2018 & 2031
- Table 5: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 6: U.S. Cosmeceuticals Market Volume K Units Forecast, by Region 2018 & 2031
- Table 7: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Product Type [Skin Care 2018 & 2031
- Table 8: U.S. Cosmeceuticals Market Volume K Units Forecast, by Product Type [Skin Care 2018 & 2031
- Table 9: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Distribution Channel 2018 & 2031
- Table 10: U.S. Cosmeceuticals Market Volume K Units Forecast, by Distribution Channel 2018 & 2031
- Table 11: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 12: U.S. Cosmeceuticals Market Volume K Units Forecast, by Region 2018 & 2031
- Table 13: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Product Type [Skin Care 2018 & 2031
- Table 14: U.S. Cosmeceuticals Market Volume K Units Forecast, by Product Type [Skin Care 2018 & 2031
- Table 15: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Distribution Channel 2018 & 2031
- Table 16: U.S. Cosmeceuticals Market Volume K Units Forecast, by Distribution Channel 2018 & 2031
- Table 17: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 18: U.S. Cosmeceuticals Market Volume K Units Forecast, by Country 2018 & 2031
- Table 19: Northeast U.S. Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 20: Northeast U.S. Cosmeceuticals Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 21: Southeast U.S. Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 22: Southeast U.S. Cosmeceuticals Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 23: Midwest U.S. Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 24: Midwest U.S. Cosmeceuticals Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 25: Southwest U.S. Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 26: Southwest U.S. Cosmeceuticals Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 27: West U.S. Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 28: West U.S. Cosmeceuticals Market Volume (K Units) Forecast, by Application 2018 & 2031
- Table 29: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Product Type [Skin Care 2018 & 2031
- Table 30: U.S. Cosmeceuticals Market Volume K Units Forecast, by Product Type [Skin Care 2018 & 2031
- Table 31: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Distribution Channel 2018 & 2031
- Table 32: U.S. Cosmeceuticals Market Volume K Units Forecast, by Distribution Channel 2018 & 2031
- Table 33: U.S. Cosmeceuticals Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 34: U.S. Cosmeceuticals Market Volume K Units 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 8.0% from 2018-2032 |
| Segmentation |
|
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