enquiry@goldsteinresearch.com
We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. | × |
---|
Understand the COVID-19 Outbreak and its impact on global & regional businesses
request free proposal
Insights on a world turned upside down : Re-imagining
The post-COVID19 Business resilience & recovery
How effective strategies and business recovery plans are winning the race
request free proposal
Goldstein Market Intelligence help you navigate through the COVID-19 crisis,
we will provide you most relevant market insights on crisis management,
recovery strategy & business continuity.
2021-02-01
427
North America
Canada Cosmetics Industry is undergoing ups and downs. Overall sales are affected due to economic conditions and the present market is suppressed due to the health halo epidemic spreading in the entire world. This is because of growing use of cosmetic products by women and rising trend for male cosmetics across the country. Canada cosmetics market is worth USD 11.51 billion in 2015 and is expected to grow at a growing CAGR of 6.52% over the forecasted period of 2019-2035. The factors driving the market are high purchasing power in the hands of people, high penetration of cosmetic brands and a strong regulatory framework. The industry faced tough recession in 2008-2009 due to which there was decrease in revenue and sales over the forecasted period. Sales in the meantime regained value. The consumers demand for ethical, cruelty free and vegan cosmetics products are due to the heritage and culture prevalent.
By Product Type
By Price Range
By Gender
By Distribution Channel
Canada Cosmetics Industry: Growth Drivers
The ongoing wellness and sustainability are driving increasing interest in natural beauty and personal care products. Younger generation is looking forward to eco-friendly and environment friendly products which can sustain for long. Consumers across all demographics are concerned about health hazards and use of chemicals in beauty products which may cause health hazards like skin problems etc. Hence , there derives demand for natural products .Natural products are plant based extract which may help to sooth and revitalize the skin.
Canada Cosmetics Industry: Market Trends and Market Opportunities
Gender based cosmetic products are increasing at a rapid pace. The companies are looking forward to develop new products which could satisfy the needs of the consumers. Research and Development happen to be a part of this activity regularly. The companies could get an opportunity to develop a new product base with a new production ground and double their business and revenue for the forecast period. Growing concerns of long term cosmetic usage are forcing companies to develop organic cosmetic products. Canadian consumers shifting to ethical and organic skin care products for their higher quality natural ingredients as part of their lifestyles expansion. This represents 50% of the total Canadian skin care market. The use of these natural ingredients helps to revitalize the skin and provide wellness effects. The consumers prefer plant based extract as it has high beneficial value to the skin. To name a few are Corpa Flora is engaged in listing down its ingredients in its products and explaining the benefits. The skincare products are closely linked to personal wellness and consumers prefer to look attractive and beautiful. These also produce aromatherapy which could relax the muscles and bones and provide a soothing effect to the body. Canadian consumers are quiet technology savvy and use internet as the mode of communication. New stores are coming up with ethical and organic skincare which will be readily available to the consumer’s .Online distribution mode is taking up slowly and it is quiet expanding to provide consumers with the best possible purchasing policies and standards. Another trend in the personal and beauty care products is the hybrid product for example we have bronzer with SPF or a BB Cream that boosts anti-ageing, mattifying look and promises a much more easy application look. Baby boomers are looking forward to anti-ageing properties which could help them to look younger and poses properties that could heal the skin.
L’Oreal acquisitions of the Canadian company Modiface is one of the most important acquisitions in the history of cosmetics Industry. The company L’Oreal acquired a Canadian company Modiface in 2018; this agreement was profitable as the company showed a greater profit margin. The deal amount is undisclosed and the company has become the industry leader in augmented reality technology. The company stands successful as far as this was concerned. Before the acquisitions, Modiface‘s technology had been used to develop AR offerings to key competitors such as Estee Lauder and other premium brands. The premium brands are utilizing the technology which is making them attain a strong position in terms of technology concerns. The companies are in a beneficial position and will work together to attain the goal collaboratively. The agreement gives the company a greater competitive edge over other companies as far as the skincare segment is concerned. L’Oreal is heading the skin care segment and pioneer in its vision. The company is looking forward for more so that it can help in further being profitable in other segments as well. The assets of both of the companies will combine to work together in order to be profitable.
Category |
Distribution of the make-up market in Canada -2014 by Sales channel |
Supermarkets/Hypermarkets |
41.90% |
Specialist Retailers |
34.10% |
Pharmacies/Drugstores |
11.30% |
Department stores |
7.70% |
Others |
5.00% |
The key players profiled in the Canada Cosmetics Industry are
For a full detailed overview, send us the sample request for the market report sample.
Competitive Outlook of major players of the Canada market as well as local market to understand the current business scenario and to understand the complexity and investment related factors.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
OR Call Us:+1-646-568-7747Global Dead Sea Mud Cosmetics Market Report 2030: By Product Type, By End User, By Region With COVID-19 impact & Forecast 2017-2030
Global Halal Cosmetics Industry Analysis: By Product Types (Beauty care, Hair care, Makeup, Fragrances), By Distribution Channels (Online, Offline) & By Geography With COVID-19 Impact | Forecast Period 2017-2030
Global Cosmeceuticals Market Analysis Report By Product Type, Ingredients Type, End User and Distribution Channel With COVID-19 Impact | Forecast Period 2017-2030
Global Skin Care Products Market Industry Size by Product Type (Face Cream (Skin Brightening, Anti-Aging, & Sun Protection), Body lotion (Mass Market & Premium Segment)), by Distribution Channel (Offline & Online), And by Geography with COVID-19 Impact | Forecast Period 2017-2030
Global Premium Cosmetics Market Analysis: By Products, By Gender, By Distribution Channel & By Geography with COVID-19 impact | Forecast Period 2017-2030