U.S. Skin Lightening Products Market Size & Outlook
U.S. Skin Lightening Products Market, 2018-2030 (US$M)
Global Market
Related Markets
U.S. skin lightening products market highlights
- The U.S. skin lightening products market generated a revenue of USD 1,100.9 million in 2023 and is expected to reach USD 1,556.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, creams was the largest revenue generating product in 2023.
- Cleanser is the most lucrative product segment registering the fastest growth during the forecast period.
Skin lightening products market data book summary
| Market revenue in 2023 | USD 1,100.9 million |
| Market revenue in 2030 | USD 1,556.6 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Cleanser |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Creams, Cleanser, Face Mask |
| Key market players worldwide | L'Oreal SA, Beiersdorf AG, Shiseido Co Ltd, Procter & Gamble Co, Unilever PLC, Kao Corp, Avon Products, Himalaya Global, Lotus Herbals, VLCC Healthcare |
Other key industry trends
- In terms of revenue, U.S. accounted for 9.8% of the global skin lightening products market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. skin lightening products market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,556.6 million by 2030.
The U.S. economy is highly developed. The country, along with having the world’s largest economy, has the second-highest purchasing power parity globally. These factors play a crucial role in the growth of the skin lightening products market in the U.S. Personalized product suggestions have been gaining traction among consumers in the country.
The beauty and skincare industries in the country have witnessed steady growth owing to the rising consumer spending. This trend is particularly true for the millennial population, which is fueled by the focus on personal representation.
Aggressive advertising and promotional campaigns by niche and large players have also played a significant role in influencing consumer behavior. With increasing inclination and ability to spend on beauty and cosmetic solutions, the skin lightening products market in the country will continue to grow.
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Skin Lightening Products Market Scope
Skin Lightening Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Procter & Gamble Co | View profile | 107,000 | One Procter and Gamble Plaza, Cincinnati, OH, United States, 45202 | www.pginvestor.com |
| Unilever PLC | View profile | 128,377 | 100 Victoria Embankment, London, United Kingdom, EC4Y 0DY | www.unilever.com |
| Beiersdorf AG | View profile | 21,958 | Unnastrasse 48, Hamburg, Germany, 22529 | www.beiersdorf.com |
| Shiseido Co Ltd | View profile | 35,859 | 5-5 Ginza 7-chome, Chuo-ku, Tokyo, Japan, 104-0061 | www.shiseido.co.jp |
| L'Oreal SA | View profile | 94,605 | 41, Rue Martre, Clichy Cedex, Paris, France, 92117 | www.loreal.com |
| Lotus Herbals | View profile | 1001-5000 | Solan, Himachal Pradesh, India, Asia | www.lotusherbals.com |
| Kao Corp | View profile | 42,450 | 14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, Japan, 103-8210 | www.kao.com |
| Avon Products | View profile | 10001+ | London, England, United Kingdom, Europe | www.avon.co.in |
| Himalaya Global | View profile | - | Riga, Riga, Latvia, Europe | himalayaglobalholdings.com/ |
| VLCC Healthcare | View profile | 1001-5000 | Gurgaon, Haryana, India, Asia | www.vlccwellness.com |
U.S. Skin Lightening Products Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Skin Lightening Products Market Outlook will help companies and investors design strategic landscapes.
Creams was the largest segment with a revenue share of 53.47% in 2023.
Horizon Databook has segmented the U.S. skin lightening products market based on creams, cleanser, face mask covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. economy is highly developed. The country, along with having the world’s largest economy, has the second-highest purchasing power parity globally. These factors play a crucial role in the growth of the skin lightening products market in the U.S. Personalized product suggestions have been gaining traction among consumers in the country.
The beauty and skincare industries in the country have witnessed steady growth owing to the rising consumer spending. This trend is particularly true for the millennial population, which is fueled by the focus on personal representation.
Aggressive advertising and promotional campaigns by niche and large players have also played a significant role in influencing consumer behavior. With increasing inclination and ability to spend on beauty and cosmetic solutions, the skin lightening products market in the country will continue to grow.
- U.S. Skin Lightening Products Market Product Outlook (Revenue, USD Million , 2018-2030)
- Creams
- Cleanser
- Face Mask
- Others
- U.S. Skin Lightening Products Market Nature Outlook (Revenue, USD Million , 2018-2030)
- Synthetic
- Natural
- Organic
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. Skin Lightening Products Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Skin Lightening Products Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Skin Lightening Products Market, 2018-2030 (US$M)
U.S. skin lightening products market statistics, by product, 2018-2030 (US$M)
