U.S. Cosmeceuticals Market

The U.S. Cosmeceuticals Market is valued at USD 12551.0 Million in 2023 and is projected to reach a value of USD 21350.2 Million by 2030 at a CAGR (Compound Annual Growth Rate) of 7.88% between 2024 and 2030.

Key highlights of U.S. Cosmeceuticals Market

• In 2023, U.S. obtaining the revenue share of more than 12551.0 Million and logistics Market is estimated to be valued at USD 21350.2 Million by 2030 at an exponential growth of 7.8% in the next Seven years.
• The Skincare segment accounted for the most significant market growth, i.e., 60.1% in 2023.
• In 2023, the Antioxidants segments contributed to the extreme market growth of 32.5%.
• In 2023, the Pharmacies and drug stores sector contributed to the extreme market growth of 46.2%.

U.S. Cosmeceuticals Market: Country Overview

U.S. Growing Sales by an 7.9% share in 2030. The cosmeceuticals market in the United States is anticipated to grow rapidly due to the use of injectables like Botox and dermal fillers to minimize the appearance of facial wrinkles. The development of the U.S. Cosmeceuticals market in this country is also being aided by the vast population of patients who suffer from dermatological conditions like psoriasis, eczema, and psoriasis, as well as the rising acceptance of cutting-edge dermatological products. For instance, acne is particularly frequent among teenagers and young adults. It can persist into adulthood, affecting more than 50 million people in the United States, according to the American Academy of Dermatology Association in 2023. In addition, considering their weather, this nation has the highest population of people with dry skin. This is probably going to increase demand for useful and multipurpose skincare cosmetics. Additionally, a greater willingness to pay in the nation for goods of higher quality is anticipated to favor market expansion.

U.S. Cosmeceuticals Market: Product Type Overview

The Skincare hold the highest market CAGR of 7.6% by 2030. The skincare category dominated the market. Cosmetic skincare products are intended to enhance the look and health of the skin. U.S. Cosmeceuticals are a mix of cosmetics and medications that treat particular skin problems with active components. In addition to hydrating, brightening, and protecting the skin, these products also help to lessen the visibility of wrinkles and fine lines. U.S. Cosmeceuticals can also support healthy skin cell regeneration and minimize inflammation and redness.

Haircare is the fastest growing segment for forecast period. They aid in the basic cleanliness and protection of hair. These goods come in shampoos, conditioners, oils, gels, sprays, and other items for hairstyles. These items support enhancing the general health of the hair, reducing hair loss, and promoting hair growth. Additionally, they can support the hair's natural moisture balance, giving it a glossy, healthy appearance.

U.S. Cosmeceuticals Market: Ingredients Overview

The antioxidants category dominated the market share with a CAGR 7.6% during the anticipated period. Antioxidants shield the skin, and adding them to topical and ingestible treatments boosts benefits while shielding them from oxidative harm. As a result, these elements support the segment's expansion. Similarly, Retinoids is fastest growing segment for forecast period. Vitamin A-derived skincare compounds known as retinoids are renowned for their ability to enhance skin appearance. They are frequently used in skincare products to treat various skin issues, such as wrinkles, acne, and uneven skin tone. One often used over -the-counter retinoid is retinol. Retinoic acid, a gentler version of vitamin A, is produced in the skin.

U.S. Cosmeceuticals Market: Distribution Channel Overview

The market category is comprised primarily of pharmacies and drug stores. The introduction of cutting-edge products at reasonable rates through retail stores, along with the discounts provided by retail stores, is credited with the segment's supremacy. Additionally, a huge network of these stores in industrialized nations and better penetration of larger store chains are to blame for the pharmacy/drug store segment's rapid rise in the market. Similarly, Beauty salons and spa is fastest growing segment for forecast period. Beauty salons and spas provide numerous relaxation, grooming, and beauty services. They offer a range of treatments and services to improve and maintain their clients' physical well -being and beauty. Cuts, hair styling, coloring, treatments, pedicures, manicures, facials, body treatments, massages, eyelash extensions, waxing, makeup application, and other services are available at beauty salons and spas.

Key Trends

• In 2023, Skincare had a major share and is estimated to witness its dominance during the forecast period.
• In 2023, the Pharmacies and Drug Stores category had a major share, whereas the Online category is estimated to witness the fastest growth in the coming years.
• In 2023, the Antioxidants category had a major share and is estimatedd to continue its dominance during the forecast period. Besides, peptides and proteins to witness lucrative growth.

Premium Insights

The enhanced rules and regulations and government initiatives to enhance cosmetics industry across the region are favorable for market growth. Moreover, the increased investments by the government in these sectors is further estimated to enhance the market growth during the forecast period. The political and government stability across major developed and developing nations is also estimated to enhance the market demand in the years to come. The steady growth in the demand of end-use products and increased investments by major companies for the adoption of advanced technologies are presumed to be favorable for market growth.

With the advancement of technology, immense changes are opted for business strategies by manufacturers of the U.S. U.S. Cosmeceuticals. Manufacturers of U.S. U.S. Cosmeceuticals have utilized marketing to sell their products. The development of global competition, technology, and advertising industry have made maintenance, pricing and promotion strategies for the product more complicated.

‹›

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

Book Demo

Get Access Now

Track market trends LIVE & outsmart rivals with our Premium Data Intel Tool: Vantage Point

Market Dynamics

Increasing General Public Preference for Natural Products to Increase Demand for Cosmeceuticals

The advantages of natural components over conventional ones, including fewer adverse effects like skin cracking and hair loss, are becoming more widely known. The market is anticipated to expand due to efforts by leading market participants to raise consumer awareness of organic products through various brand campaigns and dermatologists' rising preference for prescribing natural alternatives like organic products for skin and hair care. To meet the growing demand, which is anticipated to boost the growth of organic products, the leading players operating in the market are also working to create e-commerce platforms, such as Direct to Consumer (DTC) distribution channels. For instance, Boddess announced the release of Juice Beauty in September 2021, a line of U.S. Cosmeceuticals products made from plants to meet the rising demand for organic products. It is projected that such proactive actions performed by key players in this sector will boost the market's expansion.

Increasing Consumer Awareness of Cosmeceuticals and the Launch of Innovative Products Will Boost Market Growth

More people are adopting these products due to the strong focus placed on programs by governmental organizations and industry participants to raise public knowledge of skin and hair health. Additionally, one of the major factors influencing the acceptance of these goods in developed and emerging economies is the creation of active ingredients by market participants. For instance, the American Academy of Dermatology will run several specialized ads in 2021 that will center on general well-being and skin and hair health. The increased demand for skincare products is brought on by the rising prevalence of skin problems in adults and children. This has prompted several market players to create unique formulations focusing on creating active ingredients such as plant-based substitutes, along with the rising use of organic products internationally. The increase in important product launches and development fuels the market's expansion.

Competitive Landscape

The market is a competitive and fragmented market due to the high presence of players in the market. Only a few companies account for a major market share, and hence, the degree of competition among the suppliers is high as the players in the market are active at country level. Also, the increasing rivalry between the players to obtain the majority of the market share for has played a major role in intensifying the level of competition.

The key players in the U.S. U.S. Cosmeceuticals market include - JOHNSON & JOHNSON, PROCTER & GAMBLE, L’ORÉAL S.A., REVLON INC., ALLERGAN PLC, AVON PRODUCTS INC., SHISEIDO CO. LTD., ESTEE LAUDER, UNILEVER, BEIERSDORF AG. among others.

Also available Global Cosmeceuticals Market Research Full Study Report:

https://www.vantagemarketresearch.com/industry-report/cosmeceuticals-market-1678

Recent Market Developments

• In April 2022, Johnson & Johnson launches a new line of U.S. Cosmeceuticals under the Aveeno brand called Aveeno Eczema Therapy.
• In December 2022, Procter & Gamble's Olay brand announced that it would be launching a new line of skincare products that are designed for men.
• In December 2022, Revlon's Almay brand announced that it would be launching a new line of skincare products that are designed for people with acne.

The U.S. Cosmeceuticals market can be categorized as Product type, Ingredients, and Distribution Channel.