Premium beauty and personal care is expected to maintain solid but slowing current value growth in the US in the forecast period. The push and pull dichotomy between premiumisation and affordability in beauty is expected to intensify moving forward.
With inflation and the rising cost of living casting a shadow of doubt surrounding the resilience of beauty and personal care, some premium players are exploring solutions to tackle affordability concerns. One strategy is recalibrating the product assortment amidst more cautious spending behaviour and price sensitivity, which Fenty Beauty did with the launch of its mass diffusion line, Fenty Snackz, in Ulta and Target.
It is no secret that consumers are opening their wallets for premium ingredients. Euromonitor’s Voice of the Consumer: Beauty Survey, fielded June to July 2023, showed that over half of US respondents are willing to pay up to 20% more for high-quality skin care ingredients.
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Understand the latest market trends and future growth opportunities for the Premium Beauty and Personal Care industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium Beauty and Personal Care industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Premium Beauty and Personal Care
This is the aggregation of premium colour cosmetics, fragrances, deodorants, skin care, sun care, baby and child-specific products, bath and shower and hair care.
See All of Our DefinitionsThis report originates from Passport, our Premium Beauty and Personal Care research and analysis database.
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