Market Insights Consumer Beauty & Personal Care

Cosmetics - North America

North America

In 2024, the revenue in the Cosmetics market in North America is projected to reach a substantial amount of US$23.36bn.
This market segment is expected to experience an annual growth rate of 3.32% (CAGR 2024-2029).
When compared globally, in the United States stands out as the primary revenue generator in the Cosmetics market, with an estimated revenue of US$20,130m in 2024.
Considering the population figures, the per person revenue generated in 2024 is approximately US$45.78.
This indicates the significant contribution of the Cosmetics market to the economy and consumer spending in North Ameri Furthermore, it is projected that by 2024, approximately 77% of the sales in the Cosmetics market will be attributed to Non-Luxury.
This highlights the importance of this market segment in offering a wide range of products catering to different consumer preferences and price points.
In North America, the demand for natural and organic cosmetics is on the rise, with consumers seeking products that are sustainable and environmentally friendly.

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

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.