Beauty Tools Market Size, Share, Growth Analysis, By Type(Conventional, Organic), By Product(Skin Care, Hair Care, Color Cosmetics, Fragrances), By Distribution channel(Hypermarkets & Supermarkets, Specialty Stores, E-commerce, Others), By Region - Industry Forecast 2024-2031

At 39.2% of global sales in 2022, North America maintained its lead position and is predicted to increase at the quickest rate during the projection period. This can be attributed to the growing number of working women in nations like China and India, as well as their increased ability and interest in purchasing cosmetics and personal hygiene items. Also, during the course of the projection years, the growing young population in these nations with internet connection is anticipated to present a plethora of prospects for the expansion of the regional market.

Natural and vegan cosmetics are becoming increasingly popular, notably in the UK, France, and Germany. This is driving growth in the European market for beauty and personal care goods. Customers in North America, particularly those in the United States and Canada, are willing to shell out a lot of money for cosmetics that improve their exterior looks. Regional markets will be driven by leading businesses and the increased spending power of consumers in these areas.

From 2023 to 2030, Canada is predicted to grow at a CAGR of 8.6%. The International Trade Administration states that exporters of cosmetic products from the United States have a big opportunity as Canada's beauty and personal care sector continues to grow. An ongoing trend in beauty products is consumers' increased desire for natural or organic, cruelty-free, and non-animal tested cosmetics.

The percentage of organic and ethically sourced skincare products in the Canadian market has increased to approximately 40% due to consumer preferences. The growth of cosmetics in Canada has been encouraged by emerging market trends. This includes creating items that appeal to consumers' age, gender, and ethnicity in addition to leveraging technology to enhance marketing strategies. Innovative, eco-friendly packaging and design have also contributed to the growing popularity of beauty goods.