Market Insights Consumer Beauty & Personal Care

Cosmetics - NAFTA

NAFTA

In 2024, the revenue in the Cosmetics market in NAFTA is projected to reach a staggering US$23.35bn.
This market segment is expected to experience an annual growth rate of 3.20% (CAGR 2024-2029).
When compared globally, in the United States leads the way in revenue generation, with an estimated US$20,130m in 2024.
Taking population figures into account, per person revenues are expected to amount to US$45.77 in 2024.
Furthermore, by 2024, approximately 71% of sales within the Cosmetics market will be attributed to Non-Luxury.
The cosmetic market in the United States is experiencing a surge in demand for clean and sustainable beauty products.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.