$43.7bn
$X.Xbn
50,104
4,271
$X.Xbn
Beauty product manufacturers have endured significant losses in recent years amid unfavorable economic conditions, including elevated inflation and growing economic uncertainty. Many cosmetics and beauty products can be considered discretionary in nature, resulting in lower sales when disposable income weakens. When economic conditions are uncertain or unfavorable, consumer behavior switches to favor more affordable products, causing imports to satisfy a more significant portion of domestic demand. These trends have led to revenue dropping at an estimated CAGR of 4.3% to $43.7 billion through 2024, including a 1.9% jump that year alone.
Industry revenue has declined at a CAGR of 4.3 % over the past five years, to reach an estimated $43.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
L'oreal Usa, Inc. | 5,949.6 | 1,191.8 | 20.0 | |
Unilever N V | 4,917.5 | 844.2 | 17.2 | |
Estee Lauder Companies Inc. | 4,370.2 | 271.6 | 6.2 |
To view the market share and analysis for all 13 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Perfumes, toilet waters, and colognes, Hair preparations and Dentifrices, mouthwashes, gargles and rinses. Perfumes, toilet waters, and colognes is the largest segment of the Cosmetic & Beauty Products Manufacturing in the US.
Innovative cosmetics adapt to rapidly changing trends
This industry prepares, blends, compounds and packages beauty products and cosmetics. Products included in this industry are perfumes, makeup items, hair preparations, face creams, lotions and other toiletries. Toothpastes, toothbrushes, soaps and body washes are not included in this industry.
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NAICS 32562 - Cosmetic & Beauty Products Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High inflation has decreased disposable income, affecting demand for beauty products. Manufacturers are responding by adjusting marketing strategies and focusing on health-co...
Learn about an industry's products and services, markets and trends in international trade.
Cosmetics are rapidly evolving with ever-changing trends. Antiaging, vegan, cruelty-free and male or genderfree-oriented products lead the market, reflecting consumer demand ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The West region leads the market, with California housing the most cosmetic and beauty manufacturers. The state's large population and fashion-forward cities drive this domin...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Cosmetic and beauty product manufacturers face intense global competition. They contend with low-cost imports from China and Mexico, high-end products from France and Italy, ...
Learn about the performance of the top companies in the industry.
Digital transformation is a top priority for L’Oréal. By leveraging tech partnerships and enhancing e-commerce platforms, they’ve effectively adapted to changing consumer beh...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Food, Drug and Cosmetic Act prohibits distributing adulterated cosmetics. This law protects consumers from products containing filthy, putrid, or decomposed substances, e...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Large producers keep costs low through solid supplier relationships and robust distribution networks. Estée Lauder and L'Oréal produce high-quality products that fetch premiu...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Cosmetic & Beauty Products Manufacturing in the US industry in United States is $43.7bn in 2024.
There are 4,271 businesses in the Cosmetic & Beauty Products Manufacturing in the US industry in United States, which has grown at a CAGR of 2.5 % between 2019 and 2024.
The market size of the Cosmetic & Beauty Products Manufacturing in the US industry in United States has been declining at a CAGR of 4.3 % between 2019 and 2024.
Over the next five years, the Cosmetic & Beauty Products Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Cosmetic & Beauty Products Manufacturing market in United States are L'oreal Usa, Inc., Unilever N V and Estee Lauder Companies Inc.
Manufacturing natural and synthetic perfumes and Manufacturing shaving cream, shaving preparations and aftershave products are part of the Cosmetic & Beauty Products Manufacturing in the US industry.
The company holding the most market share in United States is L'oreal Usa, Inc..
The level of competition is high and increasing in the Cosmetic & Beauty Products Manufacturing in the US industry in United States.