United States Beauty & Personal Care Market: Industry Analysis and Forecast (2018-2028)
The United States beauty & personal care market's growth is driven by a variety of factors such as increasing consumer awareness about self-care, beauty trends, and innovations in product formulations & packaging
As per the TechSci Research report titled "United States Beauty & Personal Care Market– By Region, Competition, Forecast and Opportunities, 2028F," the growth of the beauty and personal care market in the United States is being driven by various factors. These include a younger population, the presence of both domestic and international companies, and an increase in the availability of beauty products in the market. The market encompasses a wide range of products such as skincare and color cosmetics, deodorants, bath and shower preparations, hair care preparations, oral care preparations, male toiletries, and sun care preparations. These products can be categorized into two types: synthetic and natural/organic. Synthetic products are chemically composed for production purposes, while natural products contain components like flowers, fruits, and vegetables. Moreover, organic products are either cultivated or processed using environmentally friendly farming practices, including the use of recycled resources.
The
men's grooming market is becoming a significant player in the beauty and
personal care industry. Nowadays, men are also becoming increasingly conscious
of their physical appearance, investing in a wide range of personal care and
beauty items designed specifically for them. This has led to a surge in demand
for men's grooming products and an increased purchase of personal care items
tailored to men's needs.
Furthermore, the growing consumer awareness regarding the importance of skincare and personal care is propelling the growth of the beauty and personal care market in the United States during the forecast period. Consumers are showing heightened interest in utilizing environmentally friendly, vegan, organic, and natural beauty products. This trend has prompted manufacturers to introduce innovative offerings and expand their market presence. The beauty and personal care market are re-emerging with a focus on clean and sustainable beauty across the country, achieved through the use of clean ingredients and proper labeling of chemicals. A new approach to production is necessary to reduce reliance on hazardous chemicals commonly used in the industry.
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The
United States beauty and personal care market are segmented based on product
type, type, end-user, distribution channel, and region. In terms of product
type, the market is segmented into beauty care and personal care. The personal
care segment holds a significant share in the market during the forecast
period, as proper personal hygiene is a crucial aspect of healthy grooming
practices. Personal care products are essential for taking care of one's body,
either administered directly to the skin or applied to cleanse, beautify,
enhance, and change appearance.
Regarding
type, the market is divided into organic and conventional segments. The organic
segment is the fastest-growing segment during the forecast period. Organic
cosmetics are formulated with organic ingredients, ensuring they are skin-safe,
cruelty-free, and contribute to preserving the natural world and biodiversity.
As global consumers increasingly recognize the benefits of using organic
cosmetics, the acceptance and expansion of this segment are expected to rise in
the near future, with more players entering the market with clean and organic
cosmetics and personal care items.
Key market players in the United States beauty and personal care market include:
L’Oréal
USA, Inc.,
Unilever
United States, Inc.,
The
Estée Lauder Companies Inc.,
Bath
& Body Works, Inc.,
The
Procter & Gamble Company,
Shiseido
Americas Corporation,
Revlon
Consumer Products LLC,
The
Avon Company,
Beiersdorf
Inc., and
HB USA Holdings, Inc.
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According
to Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm, "The United States beauty &
personal care market is a dynamic and flourishing industry, encompassing a vast
array of products and services. With a strong emphasis on self-care and
grooming, the market has seen steady growth in recent years. Beauty products,
ranging from skincare, haircare, makeup, to fragrances, dominate the shelves of
retail stores and online platforms. Innovations in natural and organic
offerings have gained popularity, reflecting consumers' growing preference for
sustainable and eco-friendly options. Additionally, the rise of social media
influencers and beauty bloggers has significantly impacted consumer trends,
driving the demand for trendy products and encouraging personalized approaches
to beauty routines."
The
report titled "United States Beauty & Personal Care Market By Product
Type (Beauty Care, Personal Care), By Type (Organic, Conventional), By End-User
(Male, Female), By Distribution Channel (Supermarkets/Hypermarkets, Exclusive
Stores, Multi-Branded Stores, Specialty Stores, Online, and Others (Pharmacy
& Drug Stores, Beauty Salons, etc.)), By Region, Competition, Forecast and
Opportunities, 2028F" evaluates the future growth potential of the United
States beauty and personal care market. It provides statistics and information
on market structure, size, share, and future growth. The report offers
cutting-edge market intelligence to assist decision-makers in making sound
investment decisions, identifying emerging trends, and understanding essential
drivers, challenges, and opportunities in the United States beauty and personal
care market.
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