Beauty & Personal Care - North America

North America

The Beauty & Personal Care market in North America is projected to generate a revenue of €110.00bn in 2024.
With an expected annual growth rate of 2.39% (CAGR 2024-2029), the market is anticipated to expand steadily.
The largest segment within this market is Personal Care, with a market volume of €49.89bn in 2024.
When compared globally, in the United States stands out as the highest revenue-generating country, with a projected revenue of €93bn in 2024.
This highlights the significant contribution of the US market to the overall Beauty & Personal Care market industry.
In terms of per capita revenue, the Beauty & Personal Care market is estimated to generate €215.50 per person in North America in 2024.
This metric provides insight into the individual spending on beauty and personal care products within the region.
Furthermore, online sales are expected to contribute 57.4% of the total revenue in the Beauty & Personal Care market by 2024.
This indicates the growing significance of e-commerce channels in the industry's sales distribution.
In North America, the trend in the Beauty & Personal Care market is a growing demand for natural and organic products.

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

Mercado

Región

Comparación de regiones

Moneda

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.

Methodology

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.