Cosmetic & Beauty Products Manufacturing in the US - Industry Market Research Report

Extra hold: Rising disposable income will lead to increased spending on cosmetics and beauty products

Rising per capita disposable income has supported cosmetic and beauty products manufacturing revenue. Still, following the Federal Reserve's decision to aggressively raise interest rates multiple times in 2022, a tighter policy has affected budgets and decreased disposable income. The ongoing economic situation and the Federal Reserve's stricter policy have led industry-wide revenue to decrease at a CAGR of 2.7% to $48.8 billion through the end of 2023, including a 1.9% decrease in 2023, despite an increase in profit.

This industry prepares, blends, compounds and packages beauty products and cosmetics. Products included in this industry are perfumes, makeup items, hair preparations, face creams, lotions and other toiletries. Toothpastes, toothbrushes, soaps and body washes are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.