NEW YORK, March 19, 2018 /PRNewswire/ -- Read the full
report: https://www.reportlinker.com/p05360504
The U.S. personal care products market is expected to reach
USD 134.2 billion by 2025, according
to a new report by Grand View Research, Inc. According to the
United States Census Bureau, residents aged 60 and above have been
grown up from 35.0 million in 2000 to 49.2 million in 2016
accounting for 15.2% of the total population in 2016.
The U.S.'s millennial group is aging, the younger generations have
a huge impact on the country's personal care and beauty care
industry. The young generation tends to spend a high amount on the
skincare, color cosmetics, and other personal care products for
ensuring their appearance matching with their social media
presence. Nowadays, many new products are launched featuring
botanical and natural ingredients across all cosmetics and personal
care categories. For instance, Estee lauder have Aveda, it's a
botanical skin and hair care brand that offers products such as
oils and shampoos with the natural and botanical ingredients.Few
companies engaged in manufacturing of the personal care products
are Johnson and Johnson, L'Oreal SA, Procter and Gamble, Unilever,
Helen of Troy Limited, Colgate-Palmolive Company, Avon Products,
Inc and Estee Lauder Companies Inc.
Further Key Findings from the Study Suggest:
• Increasing purchasing power of the millennials is primarily
driving the growth of this market.
• Significant players undertaking acquisitions and divestments to
remain competitive and focus on natural ingredients products is
boosting the market.
• Skincare is the largest and the fastest growing segment owing to
the factors such as increasing demand for the anti-aging products
and increased consciousness among people.
• Key players in the market include Johnson and Johnson, L'Oreal
SA, Procter and Gamble, Unilever, Helen of Troy Limited,
Colgate-Palmolive Company, Avon Products, Inc and Estee Lauder
Companies Inc.
Read the full report: https://www.reportlinker.com/p05360504
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