US Beauty Market - Bespoke Advantage
Loading

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. We can support you with developing your strategy, with designing your branding and your brand identity, with managing your contract manufacturing and your product development and with supporting you with your launch to market strategy.  Interested? Let’s discuss how we can help 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.

There are many beauty brands achieving success in the US beauty market. Read our latest blog.

If you are looking for support with developing your brand, with branding, with product development or with expanding your brand across markets, Get in Touch.

MAKE AN ENQUIRY

    Enquire Now

    Please note that all fields are required*

    What stage are you at currently*

    Not started yetJust startedWell Established

    What type of support do you want*

    StrategyBrandingProduct DevelopmentMarket EntryOther

    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

    Exporting Australian Beauty Brands

    We are delighted to be working with the Department of Trade and Investment Queensland (TIQ) to provide their trade ministers, and beauty and wellness brands with in-depth market related knowledge of the beauty and wellness industry in the UK.

    Read More