The growth of the cosmeceuticals market is majorly attributable to the rising consumer interest in natural and nutrition-rich products for health and beauty concerns. The aging population, increasing consumer spending, and beauty consciousness are other factors supporting the sales. It has been observed that the demand is high among people aged 30-45. Over the past decades, the decreasing mortality rate has increased the aging population all over North America. People living longer and wanting to retain their youthful appearance positively affect the market growth. Thus, the rising demand for anti-aging products to prevent hair damage, age spots, uneven skin tone, dry skin, and wrinkles is rising, which, in turn, will create opportunities for new introductions and innovations in the cosmetic industry.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America cosmeceuticals market. The North America cosmeceuticals market is expected to grow at a good CAGR during the forecast period.
North America cosmeceuticals market is segmented into active ingredient, distribution channel, product, and country. By active ingredient, the cosmeceuticals market is segmented into antioxidants, peptides and proteins, exfoliants, retinoids, botanicals, and others. The antioxidants segment held the largest market share in 2021. The North America cosmeceuticals market, based on distribution channel, is segmented into supermarket/hypermarket, online retail stores, convenience stores, specialist stores, and other distribution channels. In 2021, the supermarket/hypermarket segment held the largest share of the market. The cosmeceuticals market, by product, is segmented into skin care, hair care, oral care, and others. The skin care segment held the largest share of the market in 2021. Based on country, the North America cosmeceuticals market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020.
Allergan, Amway Corp., Avon Products Inc., BASF SE, Beiersdorf Global, Croda International Plc, Johnson & Johnson, L'Oreal, Procter & Gamble, and Unilever plc are among the leading companies in the North America cosmeceuticals market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 12,918.33 Million |
| Market Size by 2028 | US$ 23,275.18 Million |
| CAGR (2021 - 2028) | 8.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Active Ingredient
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Cosmeceuticals Market is valued at US$ 12,918.33 Million in 2021, it is projected to reach US$ 23,275.18 Million by 2028.
As per our report North America Cosmeceuticals Market, the market size is valued at US$ 12,918.33 Million in 2021, projecting it to reach US$ 23,275.18 Million by 2028. This translates to a CAGR of approximately 8.8% during the forecast period.
The North America Cosmeceuticals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Cosmeceuticals Market report:
The North America Cosmeceuticals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Cosmeceuticals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Cosmeceuticals Market value chain can benefit from the information contained in a comprehensive market report.
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