The rapid growth of the e-commerce industry in the U.S. is causing a massive rise in the sales of beauty and personal care products. From hyper-personalized skincare and beauty products to artificial intelligence (AI)-driven cosmetic solutions, beauty retail organizations are offering various new products via e-commerce platforms in order to enhance the experience of their customers. According to various reports, there were 312.3 million internet users in the U.S. in 2019.
This included 90% of all males and 91% of all females in the country. The e-commerce platforms provide lucrative discounts and offers and offer a better shopping experience than the conventional physical stores. Besides this factor, the soaring population of geriatric people and the increasing number of working women are also propelling the demand for beauty and personal care products in the country. This is, in turn, driving the advancement of the U.S. beauty and personal care products market.
The value of the market is predicted to surge from $81.1 billion in 2019 to $128.7 billion in 2030. Furthermore, the market is predicted to grow at a CAGR of 4.8% between 2020 and 2030. Depending on type, the U.S. beauty and personal products market is divided into skin care, color cosmetics, hair care, baby care, oral care, bath and shower, men’s grooming, sun care, deodorant, fragrance, and depilatory categories.
Out of these, the skin care category recorded the highest growth in the market during the last few years. This was because of the huge requirement for beauty products among the younger people in the country. This further boosted the demand for skincare products. Apart from these factors, the presence of a large geriatric population and the high demand for skin disease treatments also contributed to the expansion of the category in the past years.
The U.S. beauty and personal care products market is also classified, on the basis of distribution channel, into marketplace platform, professional health and beauty outlet, club/value store, brand owner to store/franchise, local marketplace platform, brand owner to home, specialist marketplace platform, dermatologist, social commerce, and new cross-category distribution point. Amongst these, the marketplace platform category recorded the highest growth in the past. This was because they provide a one-stop solution for the purchase of all beauty products at affordable rates.
One of the major trends currently being witnessed in the U.S. beauty and personal care products market is the growing preference of people for convenient and easy-to-use at-home beauty products and devices for acne reduction, hair growth, de-pigmentation, skin rejuvenation, and hair removal, on account of their easy and abundant availability. Moreover, the industry for at-home beauty devices is progressing rapidly, because of the rising availability of dermatologically advanced technologies and home-use solutions that offer high efficiency and convenience.
Thus, it can be said with surety that the sales of beauty and personal care products will shoot-up in the U.S. in the forthcoming years, primarily because of the rising prevalence of skin problems, the surging geriatric population, and the availability of various at-home beauty devices in the country.
This included 90% of all males and 91% of all females in the country. The e-commerce platforms provide lucrative discounts and offers and offer a better shopping experience than the conventional physical stores. Besides this factor, the soaring population of geriatric people and the increasing number of working women are also propelling the demand for beauty and personal care products in the country. This is, in turn, driving the advancement of the U.S. beauty and personal care products market.
The value of the market is predicted to surge from $81.1 billion in 2019 to $128.7 billion in 2030. Furthermore, the market is predicted to grow at a CAGR of 4.8% between 2020 and 2030. Depending on type, the U.S. beauty and personal products market is divided into skin care, color cosmetics, hair care, baby care, oral care, bath and shower, men’s grooming, sun care, deodorant, fragrance, and depilatory categories.
Out of these, the skin care category recorded the highest growth in the market during the last few years. This was because of the huge requirement for beauty products among the younger people in the country. This further boosted the demand for skincare products. Apart from these factors, the presence of a large geriatric population and the high demand for skin disease treatments also contributed to the expansion of the category in the past years.
The U.S. beauty and personal care products market is also classified, on the basis of distribution channel, into marketplace platform, professional health and beauty outlet, club/value store, brand owner to store/franchise, local marketplace platform, brand owner to home, specialist marketplace platform, dermatologist, social commerce, and new cross-category distribution point. Amongst these, the marketplace platform category recorded the highest growth in the past. This was because they provide a one-stop solution for the purchase of all beauty products at affordable rates.
One of the major trends currently being witnessed in the U.S. beauty and personal care products market is the growing preference of people for convenient and easy-to-use at-home beauty products and devices for acne reduction, hair growth, de-pigmentation, skin rejuvenation, and hair removal, on account of their easy and abundant availability. Moreover, the industry for at-home beauty devices is progressing rapidly, because of the rising availability of dermatologically advanced technologies and home-use solutions that offer high efficiency and convenience.
Thus, it can be said with surety that the sales of beauty and personal care products will shoot-up in the U.S. in the forthcoming years, primarily because of the rising prevalence of skin problems, the surging geriatric population, and the availability of various at-home beauty devices in the country.
Frequently Asked Questions about the U.S. Beauty Products Market
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Report Attribute | Details |
---|---|
Published | November 2020 |
Forecast Period | 2019 - 2030 |
Estimated Market Value ( USD | $ 81.1 Billion |
Forecasted Market Value ( USD | $ 128.7 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | United States |
No. of Companies Mentioned | 12 |
Table of Contents
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 4. Introduction
Chapter 5. U.S. Market Size and Forecast
Chapter 6. Competitive Landscape
Chapter 7. Company Profiles
Chapter 8. Appendix
List of Tables
List of Figures
Companies Mentioned
- Johnson & Johnson
- L’Oréal S.A.
- Koninklijke Philips N.V.
- The Procter & Gamble Company
- Kimberly-Clark Corporation
- The Estée Lauder Companies Inc.
- Coty Inc.
- Unilever Group
- Shiseido Company Limited
- Revlon Inc.
- Avon Products Inc.
- Oriflame Holding AG
Methodology
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