North America Cosmetics Market Size & Outlook, 2023-2030
North America cosmetics market, 2018-2030 (US$M)
Related Markets
North America cosmetics market highlights
- The North America cosmetics market generated a revenue of USD 70,436.1 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2023.
- Hair Care is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 70,436.1 million |
| Market revenue in 2030 | USD 107,703.6 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair Care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin Care, Hair Care, Makeup, Fragrance |
| Key market players worldwide | Coty Inc Class A, L'Oreal SA, The Estee Lauder Companies Inc Class A, Revlon, Avon Products, Unilever PLC, Seven & i Holdings Co Ltd, Godrej, Procter & Gamble Co, Beiersdorf AG, Henkel AG & Co KGaA, Kao Corp, Mizuno Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 23.8% of the global cosmetics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 208,494.6 million by 2030.
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Cosmetics Market Scope
Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 42.91% in 2023. Horizon Databook has segmented the North America cosmetics market based on skin care, hair care, makeup, fragrance covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing number of consumers who are conscious about their appearance and the growing adoption of cosmetic products among middle- and high-income individuals support the sales of cosmetic products in the region.
The presence of established manufacturers such as Procter & Gamble and Unilever, along with the growing number of retailers, is expected to further support market growth. Consumers who prioritize a milder and more nurturing cleansing experience often prefer organic cosmetics because they are made using natural ingredients and do not contain harmful chemicals, synthetic fragrances, or artificial additives.
These organic products are generally perceived as safer and gentler for various skin types. Millennials and Gen Z consumers, in particular, show a higher preference for organic and natural cosmetic products than other consumer groups.
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Target buyers of North America cosmetics market databook
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Our clientele includes a mix of cosmetics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cosmetics market , including forecasts for subscribers. This continent databook contains high-level insights into North America cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cosmetics market size, by country, 2018-2030 (US$M)
North America Cosmetics Market Outlook Share, 2023 & 2030 (US$M)
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