The North America Moisturizer Market would witness market growth of 4.8% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 50,543.73 thousand units (50 ML), showcasing a growth of 10.5% (2020-2023).
Face moisturizers play a crucial role in the moisturizer market, catering to the essential need for skin hydration and health maintenance. These products are specifically formulated to address various skin concerns, including dryness, aging, and sensitivity. Thus, the Canada market would utilize 16,304.52 thousand units (50 ML) of moisturizers by 2031.
The US market dominated the North America Moisturizer Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,728.8 Million by 2031. The Canada market is experiencing a CAGR of 7.2% during (2024 - 2031). Additionally, The Mexico market would showcase a CAGR of 6.2% during (2024 - 2031).
Technological advancements in skincare have revolutionized the market, ushering in a new era of products that offer superior hydration and skin benefits. One of the key innovations driving this growth is encapsulation technology.
Moreover, assuring their targeted delivery to the skin, encapsulation entails enclosing the active components in microscopic capsules, thereby protecting them from degradation. This technology has significantly improved the efficacy of moisturizers, allowing for the gradual release of active ingredients over time.
Consumers in North America increasingly prioritize skincare as an essential part of their daily routines. This shift is partly driven by the influence of social media and beauty influencers, who emphasize the importance of proper skincare. In the United States, influencers like James Charles and Jeffree Star have significantly promoted skincare routines, emphasizing the importance of moisturization. Their influence extends beyond national boundaries, reaching audiences and encouraging the adoption of moisturizing products as essential steps in daily skincare routines.
Free Valuable Insights: The Moisturizer Market is Predict to reach USD 15.4 Billion by 2031, at a CAGR of 5.1%
Based on Type, the market is segmented into Face Moisturizer, and Body Moisturizer. Based on Form, the market is segmented into Cream, Lotion, and Gel. Based on End-user, the market is segmented into Women, Men, and Infant & Kids. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Form (Volume, Thousand Units, USD Billion, 2020-2031)
By End-user (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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