US Beauty Market - Bespoke Advantage
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Considering the US Beauty Market

As an international beauty and wellness consultancy, we work with clients from different regions of the world including from the US, to develop and build their brands. If you are looking for support with developing a brand, with rebranding or with market expansion, Get in Touch today, to discuss how we can support you. 

The US market was valued as the largest beauty and personal care market worldwide in 2023 @USD 97.81 billion, followed by China (USD 67.18 billion), Japan (USD 45.96 billion), India (USD 30.54 billion) and Brazil (USD 24.56 billion) according to Statista. Unlike the UK,  beauty brands in the US sell mostly through large multi-brand retailers such as Sephora. There is a mixture of department stores, big discounters, hypermarkets, department store hybrids, chemists (drugstores), boutiques, small chain stores and beauty salons, as well as numerous online channels. The US has traditionally held a long and successful history with department stores including Macy’s, Kohl’s, Nordstrom, Bloomingdales and Saks Fifth Avenue. The largest US department store by sales is Macy’s.

The US Department stores account for 133.49 USD billion (Statista) and have shown a downward trend.  When consumers are looking for a new product fewer than a third of shoppers in the US look to department stores and instead visit their websites to find them. Kohls, JC Penney, Walmart and Target have all opted for retail partnerships with speciality retailers like Sephora, Thirteen Lune, SpaceNK and Ulta Beauty to build out their shop-in-shops or expand like Walmart.

The dominance of retail giants such as Amazon has played a significant role in the decline of physical retail stores over the past few years. Online retailers offer competitive pricing, fast shipping and a seamless shopping experience. With a vast selection of products and sophisticated algorithms that personalize recommendations, e-commerce platforms have become the go-to-destination for many shoppers which pose challenges to Bricks and Mortar.

Factors influencing US consumers buying behaviour

  • Consumers look for a formulation that performs well as consumers are well educated on ingredients. The decision to purchase is however not just based on price but also on value.
  • Consumers are looking for beauty brands that offer community, trust, culture and vision. This is a win-win situation as it is important for brands to gain recognition in the marketplace.
  • Consumers in the US look for brands that complement the wide ethnicity of the country and skin conditions to meet the needs of their consumers.
  • Consumers are also looking for eco-friendly products made of plant-based ingredients and botanical extracts. Natural skin care products are desired to support the consumer’s ethical shopping criteria.
  • In the US millennials and Gen Z consumers are looking for functional skin nourishment such as skin aging, acne, eczemas, & dermatitis that give market opportunities to new brands.
  • US consumers are less ‘sceptical’ than UK consumers. 

Get in touch to discuss how we can support you today.

CASE STUDIES

We have worked with start-ups, to retailers and luxury brands based internationally, here’s a taster of some of our work. READ MORE IN OUR CASE STUDIES

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