PROSPECTS AND OPPORTUNITIES
Demand for dermocosmetic solutions and multi-functional products is set to drive growth
Sales of skin care products in Canada are projected to rise in current value terms in 2025 and throughout the overall forecast period. While macroeconomic challenges, including the elevated cost of living, will remain influential in the near term, consumers are expected to continue prioritising value-for-money purchases.
Sustainable ingredients and packaging will be a core trend across the forecast period
Sustainability and clean beauty are expected to remain core trends in skin care, as consumers increasingly view these attributes as essential when selecting products. As environmental consciousness continues to grow, brands are responding with solutions that prioritise both efficacy and eco-friendliness.
Natural, high-performance ingredients will be the focus of product innovation
Across the forecast period, consumers will increasingly focus on natural, effective ingredients in their skin care routines. Brands are expected to respond to this growing demand by introducing products that feature clean-label formulations, with ingredients that are both naturally derived and known for their beneficial effects on skin health.
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Overview:
Understand the latest market trends and future growth opportunities for the Skin Care industry in Canada 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 Skin Care industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Skin Care in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Skin Care in Canada?
- Which are the leading brands in Canada?
- How are products distributed in Canada?
- To what extent is e-commerce changing the retail environment and consumer demand?
- How are sales of mass versus premium beauty products evolving?
- Which products are seeing rising demand in the wake of COVID-19?
- Why are changing lifestyles and consumer behaviour patterns stimulating growth of some categories but not others?
- How is the macroeconomic environment shaping demand?
- Where is future growth expected to be most dynamic?
Skin Care in Canada - Category analysis
KEY DATA FINDINGS
Natural and organic skin care products drive value growth in 2024
L’Oréal Canada improves its lead, with growth driven by its dermocosmetics brands
Pharmacies retain its lead while beauty specialists have a challenging year
Demand for dermocosmetic solutions and multi-functional products is set to drive growth
Sustainable ingredients and packaging will be a core trend across the forecast period
Natural, high-performance ingredients will be the focus of product innovation
Beauty and Personal Care in Canada - Industry Overview
Beauty and personal care in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for beauty and personal care?
DISCLAIMER
The following categories and subcategories are included:
Skin Care
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- Premium Firming Body Care
- Mass Firming Body Care
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- Premium General Purpose Body Care
- Mass General Purpose Body Care
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- Premium Acne Treatments
- Mass Acne Treatments
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- Premium Face Masks
- Mass Face Masks
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- Premium Liquid/Cream/Gel/Bar Cleansers
- Mass Liquid/Cream/Gel/Bar Cleansers
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- Premium Facial Cleansing Wipes
- Mass Facial Cleansing Wipes
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- Premium Basic Moisturisers
- Mass Basic Moisturisers
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- Premium Anti-Agers
- Mass Anti-Agers
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- Premium Lip Care
- Mass Lip Care
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- Premium Toners
- Mass Toners
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- Premium Hand Care
- Mass Hand Care
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- Premium Skin Care Sets/Kits
- Mass Skin Care Sets/Kits
Skin Care
This is the aggregation of facial care, body care, hand care and skin care sets/kits.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Skin Care research and analysis database.
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