North America Skin Lightening Products Market Size & Outlook
North America skin lightening products market, 2018-2030 (US$M)
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North America skin lightening products market highlights
- The North America skin lightening products market generated a revenue of USD 1,679.6 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, creams was the largest revenue generating product in 2023.
- Cleanser is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,679.6 million |
| Market revenue in 2030 | USD 2,441.5 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Cleanser |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Creams, Cleanser, Face Mask |
| Key market players worldwide | L'Oreal SA, Beiersdorf AG, Shiseido Co Ltd, Procter & Gamble Co, Unilever PLC, Kao Corp, Avon Products, Himalaya Global, Lotus Herbals, VLCC Healthcare |
Other key industry trends
- In terms of revenue, North America region accounted for 15.0% of the global skin lightening products 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 9,111.0 million by 2030.
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Skin Lightening Products Market Scope
Skin Lightening Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America skin lightening products 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 skin lightening products market will help companies and investors design strategic landscapes.
Creams was the largest segment with a revenue share of 53.41% in 2023. Horizon Databook has segmented the North America skin lightening products market based on creams, cleanser, face mask covering the revenue growth of each sub-segment from 2018 to 2030.
The rapidly growing popularity of skin lightening products among middle- and high-income individuals is supporting the market growth in the region. The presence of established skin lightening product manufacturers in North America, such as Procter & Gamble and Unilever, along with the growing infrastructure facilities for retailers, is expected to support the demand for skin lightening products.
Consumers from North American countries such as the U.S. and Canada are willing to pay a high price for a youthful appearance along with brighter and glowing skin. Census and Simmons National Consumer Survey. If this projection is accurate, it is estimated that Americans will have a lifetime spending of USD 15,000, which breaks down to nearly 46.5 years, dedicated to skincare shopping.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America skin lightening products market , including forecasts for subscribers. This continent databook contains high-level insights into North America skin lightening products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America skin lightening products market size, by country, 2018-2030 (US$M)
North America Skin Lightening Products Market Outlook Share, 2023 & 2030 (US$M)
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