The North America Sensitive Skin Care Products Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
The market is expanding as individuals with sensitive skin initiate the use of skin care products sooner as they become more knowledgeable about skin conditions and treatments. Women are choosing anti-aging products like Caudalie premier cru anti-aging cream moisturizer with hyaluronic acid, L'Oreal Revitalift, Avon Anew Sensitive+, and many others more frequently, contributing significantly to the market.
Consumers are gravitating towards organic skin care products due to the rising demand for organic ingredients, which is anticipated to fuel market expansion throughout the course of the study. The growing awareness of the negative impacts of chemicals & synthetic items is another element accelerating the market's growth. Market expansion is fueled by the tendency of customers to purchase goods labeled as natural or organic. Environmental factors, including UV radiation, deserts, and pollution, cause severe skin rashes & sensitivity in many places. They favor moisturizing goods because of this, and the market is driven by items like hyaluronic acid creams, vitamin C serums, and face masks.
The majority of cosmetic purchases in the U.S. are currently made online. The ability of consumers to select previously regarded as expensive, healthier options for their skin health and the environment has led to a rapid expansion of the North American market. The 2021 American Community Survey predicted that there were 55,892,014 persons aged 65 and older in the U.S. out of a total population of 331,893,745, or 16.8%, according to statistics from the Census Bureau updated in May 2023. The increasing need of the aging population, which boosts the quality of life & self-esteem by enhancing appearance, is driving the rise in demand for skin care products.
In the U.S., purchasing cosmetics and personal care products is now largely done online. Customers can now select previously thought-impossible healthier alternatives for themselves and the environment due to changing lifestyles spurred on by increased earnings, propelling the market in the North American region toward significant expansion. There are also a rising number of people in their 50s and older. Products that promise anti-aging advantages like skin tightening are in higher demand as the world's population ages. All of these things are expected to support the regional market's expansion.
The US market dominated the North America Sensitive Skin Care Products Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,985.7 million by 2030. The Canada market is showcasing a CAGR of 10.9% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 9.9% during (2023 - 2030).
Based on Gender, the market is segmented into Female, and Male. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Pharmacy & Drugstores, Online, and Others. Based on Product, the market is segmented into Face Care (Face Creams & Moisturizers, Cleansers & Face Wash, Serums and Essence, Sunscreen, and Others), Body Care (Body Creams & Moisturizers, Body Wash, and Others), and Lip Care (Lip Balms, Lip Scrub, and Others). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Sensitive Skin Care Products Market is Projected to reach USD 80.1 Billion by 2030, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oréal S.A., Johnson & Johnson, Unilever PLC, Beiersdorf AG, The Estee Lauder Companies, Inc., The Procter and Gamble Company, Amorepacific Corporation, Kao Corporation, Pevonia International LLC, and Sebapharma GmbH & Co. KG.
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