Changing Beauty Trends along with Increasing Technological Advancement Have Propelled the Growth of the Beauty Tool Market in the North America Region!
- Vikas Kumar
- December 22, 2023
- CONSUMER GOODS, NEWS
- Beauty Tool Market Analysis, Beauty Tool Market Forecast, Beauty Tool Market Growth, Beauty Tool Market Outlook, Beauty Tool Market Share, Beauty Tool Market Size, Beauty Tool Market Trends
- 0 Comments
Increasing with the economy recovering from the pandemic, consumers in North America have more disposable income to spend on beauty products and tools. Also, the growing interest in self-care. With people spending more time at home, there has been a growing interest in self-care and personal grooming, which may lead to an increase in demand for beauty tools. Moreover, frequently changing beauty trends. As beauty trends evolve in North America, there may be a growing demand for specific beauty tools that are in vogue. Furthermore, increasing technological advancements mean advancements in technology may lead to the development of new and innovative beauty tools that could attract consumers. Also factors such as influencer marketing. Social media influencers have a significant influence on consumer behavior in North America, and they may promote beauty tools to their followers, leading to an increase in demand.
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It is important to note that market trends can be unpredictable, and it is difficult to predict the future demand for beauty tools in North America. Moreover, by staying informed about the latest trends and consumer preferences in North America, businesses can adapt and position themselves to take advantage of emerging opportunities.
Further, the North America Beauty Tool Market is expected to grow at a significant CAGR of 5% during the forecast period (2022-2030). North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for natural and eco-friendly products, rising awareness of personal grooming, higher disposable income, and the influence of social media are some of the factors increasing the market demand for beauty tools in the market. The growing demand for sales is due to soaring consumer interest in technologically driven tools with advanced materials. Furthermore, the rapidly increasing popularity of the beauty industry is one of the factors impacting the beauty & cosmetic market which in turn is increasing the market of beauty tools in the region. Also, major players in the market continue to launch new products with technologically advanced features. For instance, in Aug 2020, Selena Gomez’s Rare Beauty launched the First Line of Beauty Products in the U.S., Canada, and Mexico Exclusively at Sephora. The products are Optimist 4-in-1 Mist, and the Liquid Touch Weightless Foundation & Liquid Touch Brightening Concealer, which are each available in 48 shades to suit all skin tones.
FIG. 1 North America Beauty Tool Market Revenue (2020-2030)- USD Mn
Based on product, the market is segmented into skin & personal care, hair care, and others. The skin & personal care category is expected to grow with a significant CAGR during the forecast period. This is owing to the increasing consciousness among people about appearance and taking steps to improve their skin and overall well-being. Also, the availability of a variety of skin tools helps to exfoliate, cleanse, and hydrate the skin, leaving it looking brighter and more radiant. Additionally, the growing demand for skincare and personal care products that are gentle and effective. People are looking for products that contain natural ingredients and are free from harsh chemicals, which can irritate the skin and cause damage over time. Thus, such factors are increasing the demand for skin & personal care products in the market.
Based on gender, the market is bifurcated into male and female. Among these, the female gender is expected to grow with a significant CAGR during the forecast period. This is mainly due to growing awareness of the importance of self-care and the increasing number of women taking steps to improve their appearance and overall well-being. Moreover, many beauty tools are specifically designed for women to cater to their unique skin concerns and preferences such as there are many facial cleansing brushes and microdermabrasion machines that are designed to target specific skin issues, such as acne or aging. Thus, due to these reasons, the demand for female products is increasing which in turn is increasing the market for beauty tools.
For a detailed analysis of the Global Beauty Tool Market browse through – https://univdatos.com/report/beauty-tool-market/
Global Beauty Tool Market Segmentation
Market Insight, by Product
- Skin & Personal Care
- Hair Care
- Others
Market Insights, by Gender
- Male
- Female
Market Insights, by Distribution Channel
- Offline
- Online
Market Insights, by End-Users
- Personal
- Professional
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- North America
- China
- India
- Japan
- Australia
- South Korea
- Rest of North America
- Rest of the World
Top Company Profiles
- The Estée Lauder Companies
- Procter & Gamble
- AVON PRODUCTS
- L’Oréal
- Revlon
- Natura&Co
- Edgewell Personal Care
- PPI Beauty
- ETUDE CORPORATION
- LVMH
