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Pulished Date August, 2021
ID: 11900
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North America Cosmeceuticals Market Research Report – Segmented By Product Type, Distribution Channel & Country (The United States, Canada and Rest of North America) – Industry Analysis on Size, Share, Trends, COVID-19 Impact and Growth Forecast (2021 to 2026)

Pulished: August, 2021
ID: 11900
Pages: 100

North America Cosmeceuticals Market Size (2021 to 2026)

The size of the North American cosmeceuticals market is predicted to grow at 5.92% CAGR from 2021 to 2026.

The aging of the overall population has been one of the main factors in the growth of the cosmeceuticals market in recent years in the North American region. Over the past two decades, declining fertility and death rates have led to a sustained increase in the aging of the world's population. The modern changing lifestyle habits and growing desire to look visually appealing will lead to more adoption of cosmeceuticals worldwide. Many well-established companies are situated in North America, which will emerge in favor of the market growth rate. The growing demand for natural and vegan products with minimal side effects has given the huge potential for many companies operating in the market. In addition, the availability of cheap cosmeceuticals will help in the growth of the market.

The strong desire of men and women to maintain a youthful appearance has prepared and nurtured the cosmetics industry around the world. The rapid aging of the population has led to a great demand for anti-aging products to prevent wrinkles, age spots, dry skin, uneven skin tone, and even hair damage, thus creating space for new cosmetics innovations that are leading to market growth. In addition, favorable macroeconomic conditions and increased consumer spending have allowed consumers to purchase more products, or more expensive items, from industry outlets. The ability to spend more on products sold by this industry will benefit its overall performance in the five years. As a result, the industry's revenue has increased during the current period. In addition, industry revenues are expected to continue to grow across the North American region. Furthermore, the proliferation of green and cruelty-free products is likely to spur growth for market opportunities.

Certain restraining factors such as market saturation due to the variety of cosmetics products available and competition from online retailers are expected to slow down the growth rate of the North American cosmeceuticals market.

Impact of COVID-19 on the North American cosmeceuticals market:

The recent coronavirus outbreak has forced governments worldwide to take strict measures to ensure the spread of the disease is contained. As more and more people are invited to stay indoors, people seek to run their affairs from the inside. Despite the slowdown in most manufacturing processes, the demand for cosmetics continues to grow during pandemics. Beauty referrals, interior product marketing, and online influencer adoption of beauty products have opened up huge growth potential. The only real dilemma is the gap between supply and demand due to the current transportation bans. Manufacturing restrictions are expected to ease, and companies will likely look to take advantage of the situation with the support of e-commerce websites during the latter half of 2020 and 2021.

This research report on the North American cosmeceuticals market has been segmented and sub-segmented into the following categories:

By Product Type:

  • Skin Care
  • Hair Care
  • Oral Care

By Distribution Channel:

  • Supermarkets & Specialty Stores
  • Online Platform

By Country:

  • The United States
  • Canada
  • Rest of North America

The United States belongs to one of the three major trading arenas in the cosmeceuticals market. The developed healthcare infrastructure in U.S. and high per capita expenditure is expected to dominate and help drive the growth of the North American cosmeceuticals market. As a result, pharmacies have had a major share, especially in the sale of antiperspirants, dandruff shampoos, and sunscreens in the United States.

Growing internet penetration and smartphone users positively impact the e-commerce industry, further boosting online sales of cosmeceuticals in the region. The cosmetics industry ranks among the holders of nanotechnology patents in the United States. L'Oréal, which devotes 3.55% of its turnover to research and innovation, is the leader in the nano patents field, followed by Procter & Gamble and Henkel. In Canada, the cosmeceuticals market is one of the fastest-growing industries and is the home base for international cosmetic companies. As a result, there has been a tremendous demand for anti-wrinkle products in the North American region.

In addition, companies use digital and social media ads to inform consumers of new product launches in the market.

KEY MARKET PLAYERS:

L'Oreal SA, Procter & Gamble, Unilever PLC, Shiseido Co. Ltd, Revlon Inc., Groupe Clarins SA, Beiersdorf AG, and Johnson & Johnson Inc. are a few promising companies operating in the North American cosmeceuticals market.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Cosmeceuticals Market, By Product Type
      1. Skin Care
      2. Hair Care
      3. Oral Care
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
    2. Cosmeceuticals Market, By Distribution Channel                                          
      1. Supermarkets & Specialty Stores
      2. Online Platform
      3. Market Size Estimations & Forecasts (2021-2026)                               
      4. Y-o-Y Growth Rate Analysis                                         
      5. Market Attractiveness Index                   
  7. Geographical Landscape                                                                  
    1. Cosmeceuticals Market, by Region                                            
    2. North America - Market Analysis (2021 to 2026)                                                      
      1. By Country                                         
        1. USA                      
        2. Canada               
        3. Rest of North America
  8. Key Player Analysis                                                             
    1. L'Oreal SA
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Procter & Gamble
    3. Unilever PLC
    4. Shiseido Co. Ltd
    5. Revlon Inc.
    6. Groupe Clarins SA
    7. Beiersdorf AG
    8. Johnson & Johnson Inc.
  9. Market Outlook & Investment Opportunities                                                          
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of product type, and distribution channel along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. North America Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  2. North America Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  3. North America Hair Care Market, By Region, From 2021 to 2026 (USD Billion)
  4. North America Oral Care Market, By Region, From 2021 to 2026 (USD Billion)
  5. North America Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  6. North America Supermarkets & Specialty Stores Market, By Region, From 2021 to 2026 (USD Billion)
  7. North America Online Platform Market, By Region, From 2021 to 2026 (USD Billion)
  8. United States Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  9. United States Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  10. Canada Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  11. Canada Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)

 

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