The North America Cosmetics Face Serum Market would witness market growth of 4.0% CAGR during the forecast period (2022-2028).
Cosmetic face serum is not a moisturizer or anything related to the cream or lotion. Instead, the face secures high concentration developed to match up into skin rapidly and provides an excessive shot of elements that can fulfill everyday skin problems. The serum is applied before moisturizing the skin. These serums are topical applications that are either transparent or translucent in their visibility.
Due to its tiny molecules, which can reach deep into the skin and deliver a high quantity of active elements, the serum is perfect for this application. The face serums generally include retinol (Vitamin A) and Niacinamide (Vitamin B3) as active ingredients. These products have a watery texture along with light formulation and essence of Vitamin C. Serum products penetrate and get absorbed into the skin quickly, activating the healthy radiance.
Another widely used ingredient in serums is Niacinamide, a form of vitamin B. It’s used in serums to cater to the problem of dark spots and to maintain uniformity of skin tone. In place of the pure form of vitamin C, which is very unstable and has a high chance of oxidation, thereby having a shorter shelf life, compounds of vitamin C are under development to increase the effectiveness of serums and other cosmetic products.
In central regions of the North America Food and Drug Association administer sunscreen serums which are ranked as non-prescription medications. As per the new rule of the FDA testing and labeling requirements, along with the passing of the sunscreen innovation Act, manufacturers are directed to assess their products for broad-spectrum UVA safety and sun protection factor (SPF). The growing awareness and the adoption of the sunscreen serum to tackle UV rays propels the growth of the cosmetic face serum market in this region.
The US market dominated the North America Cosmetics Face Serum Market by Country in 2021; thereby, achieving a market value of $1,107.7 million by 2028. The Canada market is experiencing a CAGR of 6.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2022 - 2028).
Based on Gender, the market is segmented into Women, Men and Unisex. Based on Product Type, the market is segmented into Face Sunscreen Serum, Blemish Treatment Serum, Acne Treatment Serum, Face Moisturizer Serum, Eye Serum, Face Self Tanning Serum and Others. Based on Application, the market is segmented into Households, Salons, Entertainment Industry and Others. Based on Distribution Channel, the market is segmented into Hypermarkets/supermarkets, Specialty Stores, Online Retail and Others. Based on Price Point, the market is segmented into Economy, Medium and Premium. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cosmetics Face Serum Market is Predict to reach $4.6 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Procter & Gamble Company, L'Oreal Group, Beiersdorf AG, Kao Corporation, Estee Lauder Companies Inc., Shiseido Company, KOSE Corporation, Coty, Inc. (JAB Cosmetics B.V.) (Philosophy, Inc.) and EMK Products, LLC.
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