The North America Waterless Cosmetics Market would witness market growth of 9.3% CAGR during the forecast period (2022-2028).
Waterless cosmetics and personal care products have a long history in the cosmetics and personal care sector. Stick sunscreens, for instance, have grown in favor in recent times as environmentally benign and reef-friendly alternatives. Also, good examples of waterless cosmetics are lip cosmetics and pressed powder eye shadows. The distinction in the present market is that formulae that were once considered specialist products, such as dry shampoos, are now becoming mainstream. As more waterless items became available, some issues became increasingly apparent. The texture and aftertaste did not meet current market expectations. As an outcome, a new generation of personal care and waterless cosmetics formulae has emerged, with Koster Keunen at the forefront. For waterless formulae, texture and skin feel are also critical criteria, the product must have the proper first feel, and the lasting sensation should be pleasant, with no oily or tacky aftertaste.
Population of North American region has been very fond of cosmetics and skincare products and popular in terms of organic makeup remover products attributed to the prevalence of different organic certification programs for the beauty and cosmetics industry in the region. NSF International certifies organic components in personal care products, providing ingredient clarity such as 95 percent organic ingredients, 70% organic ingredients, and 100% organic ingredients.
The usage of cosmetic items is substantial in the region, particularly among working women. As per the United States Bureau of Labor Statistics, 57.1 percent of women in the United States are expected to work in 2018. Moreover, manufacturers are rapidly developing natural-based makeup remover in this region because of the high preference rate for natural-based items, which contributes to supporting regional market growth. For instance, Lafoglia Organic, a company based in the United States, is working on a makeup remover that is 100 percent organic, has a soothing lavender scent, and can nourish and moisturize the skin. In a scenario where the majority of women are employed and working somewhere in a different kind of industry, the demand and consumption of cosmetics, specifically waterless cosmetics market is going to increase in future years.
The US market dominated the North America Waterless Cosmetics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,951.9 Million by 2028. The Canada market is estimated to grow at a CAGR of 11.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.8% during (2022 - 2028).
Based on Product Type, the market is segmented into Skincare, Haircare, Makeup, and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Waterless Cosmetics Market is Estimated to reach $16.4 Billion by 2028, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Taiki USA, True Botanicals, Carter + Jane, L'Oreal Group, The Procter and Gamble Company, Kao Corporation, Vapour Beauty, Allies Group Pte. Ltd., and Unilever PLC.
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