"Assisting You in Establishing Data Driven Brands"

North America Cosmetics Market Size, Share & COVID-19 Impact Analysis, By Category (Hair Care, Skin Care, Makeup, and Others), By Gender (Men and Women), By Distribution Channel (Specialty Stores, Hypermarkets/Supermarkets, Online Channels, and Others), and Regional Forecasts, 2023-2030

Region : | Format: PDF | Report ID: FBI108004

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

North America is the third largest region in the global cosmetics market. It is projected to record a CAGR of 3.8% during the forecast period. The global market is projected to grow from USD 299.77 billion in 2022 to USD 417.24 billion by 2030.


The growing adoption of cosmetics has prompted key regional market players to increase their R&D investments for introducing new products. Citing an instance, in October 2022, L'Oréal U.S.A. invested USD 140 million in a new research and innovation center of about 250,000 square-foot in Newark, New Jersey. The new center in Clark will focus on beauty innovations across the hair, skin, and makeup categories, while conducting research on strategic fields such as green science and beauty tech to accelerate the creation and development of new cosmetics. The R&I center is expected to be fully operational by 2024.


This report on the North America cosmetics market covers the following countries/regions – the U.S., Canada, and Mexico.


LATEST TRENDS


Wider Adoption of Cosmetics among Male Population to Offer New Market Growth Opportunities


The recent industry trends show an emerging interest in cosmetics across nearly all demographic groups. A broader percentage of men are becoming aware of the negative impacts of aging on their skin and overall appearance. With unprecedented access to social media and other sources, more men in the North American region are buying anti-aging products to reverse the effect of early aging. The benefits of organic cosmetics make them highly popular among men, which will create new opportunities for market players in the coming years. In addition, brands, such as Jack Henry, Brickell, Asystem, and Jaxon Lane, are focusing on offering products to cater to men’s skincare needs.


DRIVING FACTORS


Greater Focus on R&D by Key Market Players to Accelerate Market Growth


Another critical factor driving the North America cosmetics market growth is the increased emphasis by leading market players on R&D to support and accelerate the development of new products. A wide range of product offerings from manufacturers that provide varied product forms, such as lotions, creams, and gels, suitable for an individual’s skin & hair, is expected to augment the market growth. The adoption of these products has increased tremendously among men and women, further contributing to the market expansion.



  • For instance, in March 2020, Mychelle Dermaceuticals, from French Transit Ltd., a U.S.-based beauty & personal care company, launched a new skincare line of CBD-infused cosmetics to offer positive skincare solutions to consumers.

  • There is an increasing adoption of skincare products among people with skin problems in the region. Several skin care products are being developed to quicken the skin's healing process while eliminating scars and rashes on the skin's surface.


Request a Free sample to learn more about this report.


RESTRAINING FACTORS


High Cost and Relative Side Effects to Limit the Market Growth 


Despite their growing popularity and adoption, the adverse effects of chemical/synthetic cosmetic product formulations can hamper their demand to some extent. Cosmetics are a mixture of natural and synthetic ingredients, such as sulfates, parabens, SLS, and phthalates. Prolonged exposure to such harmful cosmetics results in the continuous deposition of toxic ingredients in the skin’s cells that can eventually cause adverse effects. For instance, excessive use of certain cosmetics and hair coloring products can result in rashes or patches on the skin and permanent hair greying. Fragrance, coloring pigments, and preservatives added in the products to enhance their quality often lead to allergic reactions, which can hinder the market.


KEY INDUSTRY PLAYERS


Regarding the competitive landscape, L’Oréal S.A., The Estée Lauder Companies Inc., and Johnson & Johnson, Inc. are the key players that have held a leading North America cosmetics market share due to their diversified product offerings, active involvement in R&D investments to accelerate the process of product launches and approvals during the forecast period.


Other prominent players, such as Unilever, Procter & Gamble Co., and Coty Inc., are also leading the market due to their robust distribution network and diverse product portfolios. Other significant players are Beiersdorf AG, Kao Corporation, and Shiseido Co., Ltd. These companies are focused on strengthening their product portfolios and distribution networks through strategic collaborations and partnerships to increase their market share.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • February 2023: Sephora Canada rolled out DTC beauty brand Glossier’s products. The Glossier range includes makeup, skincare, and fragrance available online on Sephora.ca & the Sephora App, and offline channels. Glossier also opened its 7,000 sq. ft. flagship store in Manhattan in SoHo’s Spring Street, New York.

  • September 2022: The Estée Lauder Companies Inc. and BALMAIN Paris partnered to develop, produce, and distribute an innovative luxury and couture beauty line of products under ‘Balmain Beauty,’ which is anticipated to launch in 2024.

  • June 2022: Beauty and cosmetics company Avon, owned by Nature & Co. Group, launched its e-commerce platform for the Mexican market.


REPORT COVERAGE


The market report provides qualitative and quantitative insights into the market and a detailed analysis of the regional market size & growth rate for all possible segments in the industry. The research report elaborates on the latest market trends & dynamics, competitive landscape, and forecast. Various key insights are presented in the report including an overview of the regulatory scenario in key countries, new product launches, top industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.


To gain extensive insights into the market, Request for Customization


Report Scope and Segmentation 


























































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 3.8% from 2023 to 2030



Unit



Value (USD million)



Segmentation



Category; Gender; Distribution Channel; and Country/Sub-Region



By Category




  • Haircare

  • Skincare

  • Makeup

  • Others



By Gender




  • Men

  • Women



By Distribution Channel




  • Specialty Stores

  • Hypermarkets/Supermarkets

  • Online Channels/E-commerce

  • Others



By Country/ Sub-Region




  • U.S. (By Category)

  • Canada (By Category)

  • Mexico (By Category)



 





Frequently Asked Questions

Registering a CAGR of 3.8%, the market will exhibit steady growth during the forecast period of 2023-2030.

Greater focus on R&D by key market players to is one of the key factors driving the market growth.

L’Oréal Professional, Unilever, Procter & Gamble, and Estée Lauder Inc. are the major market players in North America.

The U.S. dominated the market in 2021.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Aug, 2023
  • 2022
  • 2019-2021
  • 125

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X