U.S. Cosmetics Market Is Projected To Grow Robustly By 2030
U.S. Cosmetics Market Summary The U.S. cosmetics market was valued at USD 62.97 billion in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. The United States continues to be one of the most promising and rapidly growing markets for cosmetics, driven by an increasing emphasis on personal hygiene, grooming, and self-care among its population. In recent years, consumers across the country have shown growing interest in using various beauty and cosmetic products including skincare, color cosmetics, and hair care. A strong focus on personal appearance, supported by rising disposable income, has led to the creation of attractive growth prospects for cosmetic brands operating in the U.S. market. The regular integration of makeup and beauty accessories into everyday routines has significantly fueled the sector’s expansion. In 2023, the U.S. cosmetics market contributed 21.28% of the global cosmetics market revenue, underscor...