|Study Period:||2016 -2027|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The US beauty and personal care products market is projected to register a CAGR of 5.12% during the forecast period, 2022-2027.
Almost every business has been touched by the COVID-19 pandemic, including the beauty and personal care industry. The beauty sector had sluggish sales in 2020 as a result of the unexpected lockdown and shutdown of offices, factories, and malls. As the global supply chain has been disrupted, suppliers from other countries have experienced delays or cancellations in supplying raw materials for the manufacture of personal care products, cosmetics, and other beauty items. As a result, large corporations' production and sales operations have suffered. For example, L'Oréal SA, a worldwide beauty products behemoth, had a 4.8% drop in sales in North America as per the company.
Because the public is more aware of how to protect oneself from the virus, personal care products have seen a surge in demand. Soaps, sanitizers, and disinfectants are among the items that have seen significant sales rise. The demand for hand washes and soaps has surged as frequent hand washing has been proposed as a critical preventive step, boosting the united states beauty and personal care goods industry.
Consumers may acquire beauty items with ease using the e-commerce mode of purchasing, which includes simple online payment choices. Other elements projected to contribute favorably to the United States beauty and personal care market outlook in the years ahead include easy returns and replacements, a broad product selection, special discounts on newly introduced items, and incentives for online payments.
Scope of the Report
Beauty and personal care is an art field that addresses the looks and health of someone's hair, nails, and skin. The US beauty and personal care products market is segmented by type (personal care products and cosmetics/make-up products), category (premium products and mass products), and distribution channel (specialist retail stores, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail channels, and other distribution channels). The report offers market size and forecasts for the US beauty and personal care products market in value (USD million) for all the above segments.
|By Product Type|
|By Distribution Channel|
|Specialist Retail Stores|
|Online Retail Channels|
|Other Distribution Channels|
Key Market Trends
Growing Inclination Toward Organic, Natural, and Cruelty-Free Products
The beauty and personal care products market witnessed an increasing demand for natural and organic products due to the rise in consumer awareness about the harmful effects of certain compounds, such as paraben and aluminum compounds present in skincare and hair care products and deodorants. A high percentage of consumers choose one brand over others based on its natural formulation. This enhanced the demand for safe, natural, and organic deodorant products in recent times. The purchases are made based on efficacy, with longer-lasting protection and clinical properties. The demand for natural ingredients is evident in the market. Thus, most companies are launching products with nature-inspired ingredients, such as plant-inspired and premium botanical ingredients, coupled with multi-functional properties.Similarly, consumers in the market tend to prefer products with the label ''cruelty-free'', denoting that animals are not harmed in the testing of such products. For instance, Wet n Wild is a popular cosmetics products brand in the United States that markets its products as cruelty-free. Moreover, in recent times, there has been a sharp rise in the number of beauty blogs and social media accounts that are committed to the benefits of going chemical-free, which has worked in favor of natural and cruelty-free products by enhancing consumer information.
To understand key trends, Download Sample Report
Increased Spending of Consumers on Beauty and Personal Care Products
Consumer spending on cosmetics and other personal care products has witnessed a rise. Due to the increase in advertising and promotional activities, consumers in the United States are still buying these cosmetics. Additionally, often the advertisements are focused on a specific age group, such as adolescents or aging women, in an effort to influence and target specific population groups. Due to frequent product innovation in the market, consumers are being introduced to new types of products and trying them out. Consumers generally want to ensure that they buy products that suit their skin or hair type, and thus, product trial is important in the cosmetics market. Thus, companies such as Avon and Estee Lauder Company have been increasing their marketing expenditures towards such activities in recent years.
Major players in the US beauty and personal care products market include Loreal, The Estee Lauder Companies Inc., Shiseido Group, E.l.f. Cosmetics, Inc., Revlon, Unilever, and Proctor and Gamble with popular brands, such as Dove, Maybelline New York, and M.A.C. The market is highly competitive, with players actively competing in terms of new product launches, mergers and acquisitions, expansions, and partnerships. Additionally, leading players are investing heavily in research and development to come up with product innovations.
- In 2022, Shiseido Company Limited released Perfect Cover Foundation MC*1 and Perfect Cover Foundation VC*2, which cover various skin discolorations that are exclusive products from the PERFECT COVER brand of Shiseido Life Quality Makeup.
- In 2022, L’Oréal Group unveiled its latest beauty tech innovation to reinvent the entire hair coloration category, an AI-connected hair color system for salon stylists.
- In 2022, L'Oréal and Verily, an Alphabet precision health business, established a strategic alliance today to promote skin health, which is exclusive to the beauty industry. The beauty industry's first-of-its-kind collaboration is slated to include two projects focused on better understanding and characterizing skin and hair aging.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Personal Care
188.8.131.52 Hair Care
184.108.40.206.3 Hair Oil
220.127.116.11.4 Other Hair Care Products
18.104.22.168 Skin Care
22.214.171.124.1 Facial Care
126.96.36.199.2 Body Care
188.8.131.52.3 Lip Care
184.108.40.206 Bath and Shower
220.127.116.11.2 Shower Gels
18.104.22.168.3 Bath Salts
22.214.171.124.4 Bathing Accessories
126.96.36.199.5 Other Bath and Shower Products
188.8.131.52 Oral Care
184.108.40.206.1 Toothbrushes and Replacements
220.127.116.11.3 Mouthwashes and Rinses
18.104.22.168.4 Other Oral Care Products
22.214.171.124 Men's Grooming
126.96.36.199 Deodrants and Antiperspirants
5.1.2 Beauty and Make-up/Cosmetics Market
188.8.131.52 Color Cosmetics
184.108.40.206.1 Facial Make-up Products
220.127.116.11.2 Eye Make-up Products
18.104.22.168.3 Lip and Nail Make-up Products
22.214.171.124.4 Hair Styling and Coloring Products
5.2 By Category
5.2.1 Premium Products
5.2.2 Mass Products
5.3 By Distribution Channel
5.3.1 Specialist Retail Stores
5.3.3 Convenience Stores
5.3.4 Pharmacies/Drug Stores
5.3.5 Online Retail Channels
5.3.6 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 The Estee Lauder Companies Inc.
6.4.4 Beiersdorf AG
6.4.6 Avon Products Inc.
6.4.7 Shiseido Company
6.4.9 Coty Inc.
6.4.10 Procter & Gamble
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
You can also purchase parts of this report. Do you want to check out a section wise price list?
Frequently Asked Questions
What is the study period of this market?
The United States Beauty and Personal Care Products Market market is studied from 2016 - 2027.
What is the growth rate of United States Beauty and Personal Care Products Market?
The United States Beauty and Personal Care Products Market is growing at a CAGR of 5.12% over the next 5 years.
Who are the key players in United States Beauty and Personal Care Products Market?
Loreal, The Estee Lauder Companies Inc., Shiseido Group, E.l.f. Cosmetics, Inc., Revlon are the major companies operating in United States Beauty and Personal Care Products Market.