The U.S.
personal care products market is
expected to reach USD 134.2 billion by 2025, according to a new report by Grand
View Research, Inc. According to the United States Census Bureau, residents
aged 60 and above have been grown up from 35.0 million in 2000 to 49.2 million
in 2016 accounting for 15.2% of the total population in 2016.
The U.S.’s millennial group is aging, the
younger generations have a huge impact on the country’s personal care and
beauty care industry. The young generation tends to spend a high amount on the
skincare, color cosmetics, and other personal care products for ensuring their
appearance matching with their social media presence. Nowadays, many new
products are launched featuring botanical and natural ingredients across all
cosmetics and personal care categories. For instance, Estee lauder have Aveda,
it’s a botanical skin and hair care brand that offers products such as oils and
shampoos with the natural and botanical ingredients.Few companies engaged in
manufacturing of the personal care products are Johnson and Johnson, L’Oreal
SA, Procter and Gamble, Unilever, Helen of Troy Limited, Colgate-Palmolive
Company, Avon Products, Inc and Estee Lauder Companies Inc.
Full research report on U.S. personal care products market analysis: https://www.grandviewresearch.com/industry-analysis/us-personal-care-products-market
Further Key Findings from the Study Suggest:
·
Increasing purchasing power of the
millennials is primarily driving the growth of this market.
·
Significant players undertaking
acquisitions and divestments to remain competitive and focus on natural
ingredients products is boosting the market.
·
Skincare is the largest and the fastest
growing segment owing to the factors such as increasing demand for the
anti-aging products and increased consciousness among people.
·
Key players in the market include Johnson
and Johnson, L’Oreal SA, Procter and Gamble, Unilever, Helen of Troy Limited,
Colgate-Palmolive Company, Avon Products, Inc and Estee Lauder Companies Inc.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the U.S.
personal care products market on the basis of product:
U.S. Personal Care Products Product Type Outlook
(Revenue, USD Billion; 2014 - 2025)
·
Skincare
·
Haircare
·
Personal Hygiene
·
Make-up
·
Fragrance
·
Oral Hygiene
·
Others
Access Full
Press Release of this Report:
https://www.grandviewresearch.com/press-release/us-personal-care-products-market-analysis
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: https://www.grandviewresearch.com/
