1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Cosmetics Market?
The projected CAGR is approximately 3.7%.
U.S. Cosmetics Market by Category (Hair Care, Skin Care, Makeup, Others), by Gender (Men, Women), by Distribution Channel (Specialty Stores, Hypermarkets/Supermarkets, Online Channels, Others), by Forecast 2025-2033
The U.S. Cosmetics Market size was valued at USD 313.22 USD billion in 2023 and is projected to reach USD 403.93 USD billion by 2032, exhibiting a CAGR of 3.7 % during the forecast period. Cosmetics are substances, primarily for external use, which are intended to alter the appearance of the skin or give it a pleasant smell. It comprises products like skincare products, hair care products, cosmetics, and fragrances. Cosmetic products such as lotions, soap, and creams can be used to maintain the health of the skin. Hair care products include shampoos, conditioners, and styling products for hair that help keep the hair clean, manageable and styled. Some of these accessories are cream blush, lipstick, mascara and eyeshadow which are used to enhance the face. This product is in the fragrance category and they have the objective of offering the required smell as that of perfumes and deodorants. Skincare and hair products contain elements like vitamins, antioxidants, and natural extracts to maintain and repair skin and hair. They are used in everyday contexts as well as in special events, enabling people to assert fashion identity and self-esteem. Some benefits of tattoos may include; having healthy skin, personal appearance, and the ability to express themselves. The use of cosmetics also has some psychological what seem to be positive effects, such as body image and self-confidence. It can therefore be seen that they have a very important function in the daily grooming regimes as well as the cosmetic business.
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The U.S. cosmetics market report provides an in-depth and up-to-date analysis of the rapidly changing industry, delivering comprehensive insights into:
Major regional markets include:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.7% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
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
The projected CAGR is approximately 3.7%.
Key companies in the market include L’Oréal Professional (France), Unilever (U.K.), Procter & Gamble (U.S.), Henkel AG & Co. KgaA (Germany), Revlon, Inc. (U.S.), Shiseido Co., Ltd. (Japan), Coty Inc. (U.S.), Natura & Co. (Brazil), Kao Corporation (Japan).
The market segments include Category, Gender, Distribution Channel.
The market size is estimated to be USD 313.22 USD billion as of 2022.
Growing Demand for Bath Towels from End-use Industries to Propel the Market Growth.
Dental Spas to Add Impetus to Industry Growth.
Use of Synthetic Products May lead to Skin Problems and Hinder Market Growth.
November 2022: Avon collaborated with Perfect Corp. to launch a virtual try-on online shopping experience for its customers. Consumers can try cosmetics through online portals using the artificial intelligence (AI)-based power technology by Perfect Corp.
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The market size is provided in terms of value, measured in USD billion and volume, measured in K Units.
Yes, the market keyword associated with the report is "U.S. Cosmetics Market," which aids in identifying and referencing the specific market segment covered.
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