United States Skin Care Market to Witness Steady Growth During Forecast Period
High adoption of organic and
natural personal care products is expected to drive the growth of United States
skin care market
According
to TechSci Research report, “United
States Skin Care Market By Product Type (Face Care Vs Body Care), By Origin
(Conventional & Organic), By Distribution Channel (Beauty Parlours/Salons,
Multi Branded Retail Stores, Online Channels, Supermarkets/Hypermarkets,
Exclusive Retail Stores & Others), By Region, Competition, Forecast &
Opportunities, 2025”, United States skin care market is expected to
witness a steady CAGR during the forecast period. Increasing demand for skin
care products across all age groups is
one of the major factors accounting for the growth of United
States skin care market. Moreover, growing popularity of premium cosmetic
brands is expected to bode well for the growth of United States skin care
market through the forecast period. In addition to this, rise in awareness regarding
the harmful effects of UV rays and other climatic factors on skin is positively
influencing the growth of skin care market, as it is making the consumer to be
more specified about the cosmetic products according to their skin requirements.
Also, increase in demand for advanced skin care products is making headway for
the growth of United States skin care market over the coming years. Along with
this, increase in wellness spending in the country along with increasing
internet users is expected to positively contribute to the market growth during
the next five years. However, there are some factors that might act as major
impediments to the growth of United States skin care market through 2025 including
lower shelf life of the products.
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United
States skin care market can be segmented based on product type, origin,
distribution channel, company, and region. Based on product type, the market
can be categorized into face care and body care. Out of which, the face care
segment dominated the market until 2019 and is expected to maintain its
dominance during the forecast period as well on account of growing demand for
skin brightening face creams to reduce acne scars, freckles, age spots, and
discoloration. In terms of distribution channel, the market is fragmented into
beauty parlours/salons, multi branded retail stores, online channels,
supermarkets/hypermarkets, exclusive retail stores & others. Among them,
online channel segment is estimated to dominate the market during the next five
years on account of availability of heavy discount on products. Additionally,
consumers can themselves check the quality of product before buying, which is
propelling the segmental growth across the country.
New Avon LLC, Beiersdorf Inc, Estée
Lauder US, L'Oreal USA, Inc., P&G Company, Unilever USA, AmorePacific US
Inc., Amway Corporation, Aveda Corporation, BABOR COSMETICS AMERICA CORP., are
among others are the leading players operating in United States skin care
market. The players are adopting several growth
strategies to enhance the market scenario of skin care. Other competitive
strategies include product launches; mergers & acquisitions; agreements,
partnerships, and collaborations; and expansions to diverse their product
portfolio in order to strengthen their market position. Aggressive marketing
strategies of existing players along with massive investments in research and development
to create innovative products have also led to significant increase in sales.
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“United States skin
are market is forecast to register high growth in the market during the next five
years on account of presence of premium brands in the country. Furthermore, people
start to use skin care at a young age in order to delay the signs of aging, which
is further boosting the market growth for skin care across the country. In
addition to this, fast growing middle-class population in United States, is
further expected to propel the market growth through 2025.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“United States Skin Care Market By Product Type
(Face Care Vs Body Care), By Origin (Conventional & Organic), By
Distribution Channel (Beauty Parlours/Salons, Multi Branded Retail Stores,
Online Channels, Supermarkets/Hypermarkets, Exclusive Retail Stores &
Others), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of United
States skin care market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in United States
skin care market.
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