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North America Facial Serum Market Size, Share & Trends Analysis Report By Price Point, By Form (Water Based, Oil Based, Gel Based, and Others), By Distribution Channel, By Serum Type, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 168 Pages
  • February 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5945645
The North America Facial Serum Market would witness market growth of 6.2 % CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 82906.5 thousand units (1 OZ), showcasing a growth of 5.7% (2019-2022).

The trend towards personalized skincare solutions has become prominent in the facial serum market. Brands are leveraging technology, including artificial intelligence and data analytics, to offer customized facial serums tailored to individual skin types, concerns, and preferences. Personalized formulations resonate with consumers seeking targeted solutions for their unique skincare needs. Multifunctional and hybrid formulations are gaining popularity in the facial serum market. Consumers are increasingly seeking products that offer multiple benefits in a single formulation, such as anti-aging, hydration, and brightening. Facial serums with hybrid formulations provide simplicity and efficiency in skincare routines, appealing to individuals looking for effective yet streamlined regimens.

Innovation in skincare ingredients and technology is a prominent trend in the facial serum market. Advanced ingredients, such as peptides, stem cells, and growth factors, are incorporated into formulations to enhance facial serums' anti-aging and rejuvenating properties. Additionally, technologies like encapsulation and nanotechnology are used to improve the delivery and stability of active ingredients. In the face serum market, transparency in the source and formulation of ingredients is a major trend. Consumers are more discerning about the ingredients of their skincare products and actively seek products with clear and honest labeling. Brands that prioritize transparency and educate consumers about the benefits of key ingredients are likely to build trust and loyalty.

The US market dominated the North America Facial Serum Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1806.1 million by 2030. The Canada market is experiencing a CAGR of 8.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.6% during (2023 - 2030).

E-commerce platforms offer unparalleled convenience, allowing consumers to shop for facial serums from the comfort of their homes in North America. This convenience factor has significantly contributed to online sales growth, as consumers in North America can access a wide range of facial serums at any time. Hence, the factors mentioned above will drive the regional market growth.

Based on Price Point, the market is segmented into Mass-Market, Premium, and Luxury. Based on Form, the market is segmented into Water Based, Oil Based, Gel Based, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Beauty Stores, Online Retailers, Drugstores & Pharmacies, and Others. Based on Serum Type, the market is segmented into Anti-Aging Serums, Skin Brightening Serums, Acne Fighting Serums, Hydrating & Exfoliating Face Serums, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • L'Oréal S.A.
  • Galderma S.A.
  • Amorepacific Group Inc.
  • KOSÉ Corporation
  • Clarins Inc.
  • Unilever plc
  • Shiseido Company Limited
  • Beiersdorf AG
  • Estée Lauder Companies Inc.
  • Revlon Inc.

Market Report Segmentation

By Price Point (Volume, Thousand Units (1 OZ), USD Billion, 2019-2030)
  • Mass-Market
  • Premium
  • Luxury
By Form (Volume, Thousand Units (1 OZ), USD Billion, 2019-2030)
  • Water Based
  • Oil Based
  • Gel Based
  • Others
By Distribution Channel (Volume, Thousand Units (1 OZ), USD Billion, 2019-2030)
  • Supermarkets & Hypermarkets
  • Specialty Beauty Stores
  • Online Retailers
  • Drugstores & Pharmacies
  • Others
By Serum Type (Volume, Thousand Units (1 OZ), USD Billion, 2019-2030)
  • Anti-Aging Serums
  • Skin Brightening Serums
  • Acne Fighting Serums
  • Hydrating & Exfoliating Face Serums
  • Others
By Country (Volume, Thousand Units (1 OZ), USD Billion, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Facial Serum Market, by Price Point
1.4.2 North America Facial Serum Market, by Form
1.4.3 North America Facial Serum Market, by Distribution Channel
1.4.4 North America Facial Serum Market, by Serum Type
1.4.5 North America Facial Serum Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers, Joint Venture
4.2.4 Expansions
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Jul - 2023, Sep) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. North America Facial Serum Market by Price Point
5.1 North America Mass-Market Market by Country
5.2 North America Premium Market by Country
5.3 North America Luxury Market by Country
Chapter 6. North America Facial Serum Market by Form
6.1 North America Water Based Market by Country
6.2 North America Oil Based Market by Country
6.3 North America Gel Based Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Facial Serum Market by Distribution Channel
7.1 North America Supermarkets & Hypermarkets Market by Country
7.2 North America Specialty Beauty Stores Market by Country
7.3 North America Online Retailers Market by Country
7.4 North America Drugstores & Pharmacies Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Facial Serum Market by Serum Type
8.1 North America Anti-Aging Serums Market by Country
8.2 North America Skin Brightening Serums Market by Country
8.3 North America Acne Fighting Serums Market by Country
8.4 North America Hydrating & Exfoliating Face Serums Market by Country
8.5 North America Others Market by Country
Chapter 9. North America Facial Serum Market by Country
9.1 US Facial Serum Market
9.1.1 US Facial Serum Market by Price Point
9.1.2 US Facial Serum Market by Form
9.1.3 US Facial Serum Market by Distribution Channel
9.1.4 US Facial Serum Market by Serum Type
9.2 Canada Facial Serum Market
9.2.1 Canada Facial Serum Market by Price Point
9.2.2 Canada Facial Serum Market by Form
9.2.3 Canada Facial Serum Market by Distribution Channel
9.2.4 Canada Facial Serum Market by Serum Type
9.3 Mexico Facial Serum Market
9.3.1 Mexico Facial Serum Market by Price Point
9.3.2 Mexico Facial Serum Market by Form
9.3.3 Mexico Facial Serum Market by Distribution Channel
9.3.4 Mexico Facial Serum Market by Serum Type
9.4 Rest of North America Facial Serum Market
9.4.1 Rest of North America Facial Serum Market by Price Point
9.4.2 Rest of North America Facial Serum Market by Form
9.4.3 Rest of North America Facial Serum Market by Distribution Channel
9.4.4 Rest of North America Facial Serum Market by Serum Type
Chapter 10. Company Profiles
10.1 L'Oréal S.A.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Recent strategies and developments:
10.1.4.1 Partnerships, Collaborations, and Agreements:
10.1.4.2 Product Launches and Product Expansions:
10.1.4.3 Acquisition and Mergers, Joint Ventures:
10.1.5 SWOT Analysis
10.2 Galderma S.A.
10.2.1 Company Overview
10.2.2 Recent strategies and developments:
10.2.2.1 Product Launches and Product Expansions:
10.2.2.2 Acquisition and Mergers:
10.2.3 SWOT Analysis
10.3 KOSE Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.4 Clarins Group SA
10.4.1 Company Overview
10.4.2 SWOT Analysis
10.5 Shiseido Company Limited
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 SWOT Analysis
10.6 Beiersdorf AG
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 SWOT Analysis
10.7 The Estee Lauder Companies, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 Revlon, Inc. (MacAndrews & Forbes)
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Recent strategies and developments:
10.8.4.1 Geographical Expansions:
10.8.5 SWOT Analysis
10.9 Unilever PLC
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Product Launches and Product Expansions:
10.9.5.2 Acquisition and Mergers:
10.9.6 SWOT Analysis
10.10. Amorepacific Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional & Segmental Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.5.2 Product Launches and Product Expansions:
10.10.6 SWOT Analysis

Companies Mentioned

  • L'Oréal S.A.
  • Galderma S.A.
  • Amorepacific Group Inc.
  • KOSÉ Corporation
  • Clarins Inc.
  • Unilever plc
  • Shiseido Company Limited
  • Beiersdorf AG
  • Estée Lauder Companies Inc.
  • Revlon Inc.

Methodology

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