U.S. Personal Care Products Market Growth & Trends
The U.S. personal care products market size is expected to reach USD 110.11 billion in 2030 and is projected to grow at a CAGR of 6.1% from 2024 to 2030. According to the United States Census Bureau, residents aged 60 and above have been grown up from 35.0 million in 2000 to 49.2 million in 2016 accounting for 15.2% of the total population in 2016.
The U.S.’s millennial group is aging, the younger generations have a huge impact on the country’s personal care and beauty care industry. The young generation tends to spend a high amount on the skincare, color cosmetics, and other personal care products for ensuring their appearance matching with their social media presence. Nowadays, many new products are launched featuring botanical and natural ingredients across all cosmetics and personal care categories. For instance, Estee lauder have Aveda, it’s a botanical skin and hair care brand that offers products such as oils and shampoos with the natural and botanical ingredients.Few companies engaged in manufacturing of the personal care products are Johnson and Johnson, L’Oreal SA, Procter and Gamble, Unilever, Helen of Troy Limited, Colgate-Palmolive Company, Avon Products, Inc and Estee Lauder Companies Inc.
U.S. Personal Care Products Market Report Highlights
- Increasing purchasing power of the millennials is primarily driving the growth of this market.
- Significant players undertaking acquisitions and divestments to remain competitive and focus on natural ingredients products is boosting the market.
- Skincare is the largest and the fastest growing segment owing to the factors such as increasing demand for the anti-aging products and increased consciousness among people.
- Key players in the market include Johnson and Johnson, L’Oreal SA, Procter and Gamble, Unilever, Helen of Troy Limited, Colgate-Palmolive Company, Avon Products, Inc and Estee Lauder Companies Inc.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Personal Care Products Market Variables, Trends, & Scope
Chapter 4. U.S. Personal Care Products Market: Product Estimates & Trend Analysis
Chapter 5. U.S. Personal Care Products Market: Gender Estimates & Trend Analysis
Chapter 6. U.S. Personal Care Products Market: Age Group Estimates & Trend Analysis
Chapter 7. U.S. Personal Care Products Market Distribution Channel Estimate & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
- Revlon Consumer Products LLC
- L’Oréal Group
- Avon Products, Inc.
- Coty Inc.
- Estee Lauder Companies, Inc.
- Unilever plc
- Beiersdorf AG
- Procter & Gamble (P&G) Company
- Henkel AG & Co KGaA
- Kao Corporation
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 73.17 Billion |
| Forecasted Market Value ( USD | $ 110.11 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
