United States Beauty and Personal Care Products Market
United States beauty and personal care products market report gives comprehensive outlook on muscle sculpting across the globe with special emphasis on key country. The report on United States market gives historical, current, and future market sizes (US$ Mn) on the basis of product, distribution channel, type and country. This report studies United States market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, United States market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed United States market to better equip clients with possible investment opportunities across the country (Country Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the United States market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in United States beauty and personal care products products.
United States Beauty and Personal Care Products Market:
The United States market is poised to grow with a CAGR of 5.4% over 2020-2026 owing to increasing consciousness among consumers, focus on launching new and innovative products, increase in the demand for organic and natural skincare, consumer spending towards cosmetics & other personal care products and growing awareness about advantages of using anti – aging products. However, high manufacturing, marketing costs, appearance of harmful chemical ingredients in products and easy availability of counterfeit products are hindering the market growth.
E-Commerce Accounts for Larger Market Revenue Share in United States Market
E-Commerce accounted for larger revenue share in United States market with a significant CAGR and is expected to grow over the forecast years Consumers have limitless access to online shopping platforms owing to the strong access of Internet and smart gadgets. The growing access of smart gadgets and the Internet across the world is rising consumer reliance on technology. The rising penetration of the Internet and smart gadgets is one of the main factors driving market growth. Retailers and other BPC product manufacturers use online platforms to improve their geographical reach and consumer base. Benefits such as the convenience of shopping, the existence of a broad product base, and optimal time management with enhanced security features are boosting e-commerce growth.
Key player’s profiles in the United States market include:
- The Estee Lauder Companies Inc.
- Beiersdorf AG
- Avon Products, Inc
- Shiseido Company
- Coty Inc.
- Procter & Gamble
United States market is surging owing to strategic alliances by key players for muscle sculpting to meet the demands of the customers in the market. For instance,
- In November 2017, Unilever announced to acquire Sundial Brands, New York-based personal care products manufacturer.
Key Findings of the Report:
- United States market expanding at significant CAGR over 2020 to 2026 due to consumer spending towards cosmetics & other personal care products
- Players focusing on innovation of newer products and collaboration strategies to retain market position in United States market
Key Features of the Report:
- The report provides granular level information about the market size, country market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
- Hair Care
- Makeup & Color Cosmetic Products
By Distribution channel
- Direct Selling
- Hypermarkets & Retail Chain
- Specialty Stores