Market Size of North America Cosmeceutical Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.24 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Cosmeceuticals Market Analysis
North America Cosmeceutical Products Market is forecasted to reach USD 18 billion by 2025 growing at a CAGR of 8.24% during the forecast period.
- The aging population was one of the primary factors driving the growth of the cosmeceuticals market in the recent past. Over the past two decades, declining fertility and mortality rate have resulted in a sustained rise in the aging population, globally.
- People are living longer because of better nutrition, healthcare, education, and economic well-being. The strong desire among men and women to retain youthful appearances have groomed and nurtured the cosmetic industry, worldwide.
- Rapidly aging demographics has led torobust demand for anti-aging products, in order to prevent wrinkles, age spots, dry skin, uneven skin tone, and even hair damages, creating room for new innovations in cosmetics, thus, boosting the industry growth.
North America Cosmeceuticals Industry Segmentation
The North American cosmeceuticals market has been segmented by product type, into skin care products, hair care products, oral care, and others. Sun protection is not limited to regular sun care products, due to the emergence of multi-purpose products. To meet these evolving consumer’s needs, vendors are adding new and innovative sun care products to their existing product lines, which, in turn, is boosting the market growth across the region. To raise more awareness of the importance and benefits, using sun care products across the region, vendors are educating consumers about such products through television, social media, online channel, and awareness campaigns. Therefore, with such initiatives and beliefs, the sun care products market is expected to witness a positive outlook, during the forecast period.
| By Product Type | |||||||
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| Oral Care | |||||||
| Others |
| By Distribution Channels | |
| Hypermarkets and Supermarkets | |
| Convenience Stores | |
| Online Stores | |
| Speciality Stores | |
| Others |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Cosmeceutical Products Market Size Summary
The North America cosmeceuticals market is experiencing significant growth, driven primarily by the aging population and the increasing demand for anti-aging products. As people live longer due to advancements in nutrition, healthcare, and economic conditions, there is a growing desire to maintain youthful appearances. This trend has fueled the demand for products that address aging concerns such as wrinkles, age spots, and uneven skin tone. The market is also benefiting from heightened consumer awareness about the effects of environmental factors like pollution, which has led to a preference for cosmeceuticals over traditional cosmetics. Despite their higher price point, the presence of active ingredients and rising disposable incomes in North America have made these products more accessible to consumers.
The United States plays a pivotal role in the North American cosmeceuticals market, supported by its developed healthcare infrastructure and high per capita spending. The market is characterized by a strong presence of international players and significant investment in research and innovation, particularly in nanotechnology. Companies like L'Oréal, Procter & Gamble, and Johnson & Johnson are leading the charge, focusing on expanding their market presence through acquisitions and investments in manufacturing facilities. Additionally, these companies are leveraging social media and online distribution channels to enhance their marketing efforts and reach a broader audience. The market's growth is further supported by the popularity of anti-wrinkle products and the strategic initiatives of key players to cater to the increasing demand.
North America Cosmeceutical Products Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Skin Care
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2.1.1.1 Anti-Aging
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2.1.1.2 Anti-Acne
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2.1.1.3 Sun Protection
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2.1.1.4 Moisturizers
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2.1.1.5 Others
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2.1.2 Hair Care
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2.1.2.1 Hair Fall
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2.1.2.2 Anti-Dandruff
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2.1.2.3 Hair Colorants
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2.1.2.4 Others
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2.1.3 Oral Care
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2.1.4 Others
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2.2 By Distribution Channels
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2.2.1 Hypermarkets and Supermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Stores
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2.2.4 Speciality Stores
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2.2.5 Others
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Cosmeceutical Products Market Size FAQs
What is the current North America Cosmeceutical Products Market size?
The North America Cosmeceutical Products Market is projected to register a CAGR of 8.24% during the forecast period (2024-2029)
Who are the key players in North America Cosmeceutical Products Market?
Procter & Gamble, Johnson & Johnson, L'Oréal, Unilever and Shiseido Co.,Ltd. are the major companies operating in the North America Cosmeceutical Products Market.
