Canada Cosmetic Products Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 6.25% from 2023 to 2033
• The Canada Cosmetic Products Market Size is expected to hold a significant share by 2033

The Canada Cosmetic Products Market is anticipated to hold a significant share by 2033, growing at a CAGR of 6.25% from 2023 to 2033. The increasing awareness about self-care and grooming, preference for natural organic and sustainable cosmetics, innovative packaging solutions, and influence of social media & e-commerce are driving the growth of the cosmetic products market in the Canada.     

Market Overview

Cosmetic products are any formulated products that are applied to the human body for the purpose of cleaning, perfuming, changing their appearance or odor, protecting, or keeping them in good condition. These are beauty and personal care products. Cosmetics product packaging and design are seeing exciting improvements and innovative changes by various cosmetic product companies as a result of consumer demand for more eco-friendliness and functionality in cosmetics. There is continuous striving by the brands to improve their offerings, their advertising, and their promotions to stay relevant in the country due to the growing interest of consumers in cosmetic products. There is a growing number of anti-aging product launches, creating easy and inventive packaging designs, and creating small, carry-friendly containers. Further, manufacturers are focusing on creating a broad range of products that cater to each person's unique needs.

Report Coverage

This research report categorizes the market for the Canada cosmetic products market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada cosmetic products market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada cosmetic products market.

Driving Factors

The increasing awareness about self-care and grooming owing to factors like societal change and growing interest in skin care and fragrance in females as well as the male population is driving the market demand. The increasing concern among consumers about the chemicals present in cosmetics and their impact on skin and cosmetics are significantly enhancing demand for organic and sustainable cosmetics which is expected to propel the market growth. The development of innovative flexible packaging solutions for improving overall user experience is driving the market growth. The increased preference for online shopping cosmetics among Canadians and the influence of social media and beauty trends are promoting the cosmetic products market.  

Restraining Factors

The adverse effects associated with cosmetic products owing to the synthetic chemical ingredients including preservatives and pigment molecules are challenging the cosmetic products market. Further, the high cost of certain products like makeup and anti-aging skincare products are hampering the market.

Market Segmentation

The Canada Cosmetic Products Market share is classified into category, gender, and distribution channel.

• The skincare segment dominated the market with a significant market share during the forecast period.

The Canada cosmetic products market is segmented by category into haircare, skincare, makeup, and others. Among these, the skincare segment dominated the market with a significant market share during the forecast period. Skincare products including creams, lotions, and powders aid in improving the quality and health of the skin, providing nourishment. The surge in demand for natural and organic products owing to the shifting inclination for clean and sustainable beauty options is driving the market in the skincare segment.

• The women segment accounted for the largest market share during the forecast period.

The Canada cosmetic products market is segmented by gender into men and women. Among these, the women segment accounted for the largest market share during the forecast period. A higher proportion of women are drawn to beauty items. Young girls and professional women are investigating beauty care products more and more. The increasing awareness of skincare routine and preventive measures against aging are propelling the market demand.

• The hypermarkets/supermarkets segment is anticipated to hold the largest market share during the forecast period.       

Based on the distribution channel, the Canada cosmetic products market is divided into specialty stores, hypermarkets/supermarkets, online channels, and others. Among these, the hypermarkets/supermarkets segment is anticipated to hold the largest market share during the forecast period. Hypermarkets/supermarkets show an extensive range of several brands and their mass-market offerings. Various products including antiperspirants, along with shampoos, conditioners, and body lotions are available in the hypermarkets/supermarkets segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada cosmetic products market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• L'Oréal S.A
• The Estée Lauder Companies
• Groupe Marcelle Inc.
• Coty Inc.
• Revlon, Inc.
• Clarins Group
• Mary Kay Inc.
• Shiseido Co.,Ltd.
• Avon Products, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2024, L'Oréal Canada launched SkinBetter Science, a medical aesthetic skincare brand, adding it to the L'Oréal Dermatological Beauty (LDB) division.

• In June 2022, The Canadian branch of personal care retailer L’Oréal partnered with retail pharmacy chain London Drugs and TerraCycle on a recycling initiative in Canada.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Cosmetic Products Market based on the below-mentioned segments:

Canada Cosmetic Products Market, By Category

• Haircare
• Skincare
• Makeup
• Others

Canada Cosmetic Products Market, By Gender

• Men
• Women

Canada Cosmetic Products Market, By Distribution Channel

• Specialty Stores
• Hypermarkets/Supermarkets
• Online Channels
• Others