Beauty & Personal Care - NAFTA

NAFTA

The revenue generated in the Beauty & Personal Care market in 2024 amounts to US$118.60bn.
It is projected that the market will experience an annual growth rate of 2.18% (CAGR 2024-2029).
The largest segment in the market is Personal Care, which has a market volume of US$53.79bn in 2024.
When compared globally, in the United States generates the highest revenue in the Beauty & Personal Care market, with US$100bn in 2024.
In terms of per capita revenue, each person in the United States generates US$232.40 in 2024.
Looking at online sales, it is estimated that 57.4% of the total revenue in the Beauty & Personal Care market will be generated through online channels by 2024.
This indicates a growing trend towards online shopping in the industry.
The beauty and personal care market in Canada is experiencing a surge in demand for natural and organic products.

Key regions: United States, Worldwide, India, Indonesia, Canada

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Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.