Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Premium Cosmetics Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Premium Cosmetics Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Premium
Cosmetics Market is offered.
Market
Insights:
In accordance with the report, the Premium Cosmetics
Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Premium
Cosmetics Market was valued at USD XX.X Mn in 2019 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period.
In recent years, the market has been driven by changes in social media
platforms, which has been aided by urbanisation, increased beauty spending,
rising life expectancy, and the emergence of higher income groups. Personalization
and customization, which play a key role in increasing market growth, are
supporting more demand for premium cosmetics. Furthermore, consumers are
becoming increasingly concerned about various skin care issues such as age
spots, acne, and pigmentation, which is pushing the adoption of high-end skin
care cosmetics. The cosmetics industry is changing as more new players enter
the market and existing players continue to introduce new advances in this area
in order to grow the market. In order to expand geographically, major players
in the area are pursuing a variety of commercial tactics, including
technological innovation, new products, and mergers and acquisitions. In
addition, internet penetration that has led to the expansion of e-commerce has
also embraced the expansion of the luxury cosmetics market, as it provides
convenience, international reach and allows consumers to choose from a wide
range of options at the same time. The demand for skincare products is
increasing as people become more aware of premium beauty products and are
prepared to spend more on them. The broad issue of counterfeit production, on
the other hand, is projected to plague the sector for the foreseeable future. The
immediate impact of digitization on the luxury cosmetics business is driving
its expansion. Furthermore, the widespread use of the internet and social media
has aided businesses in increasing brand awareness. Owing to the rising personal care and beauty
business, North America is predicted to have a significant market share, which
will eventually raise product consumption in the region. Due to advances and
rising skin concerns, the Asia-Pacific area will have the highest CAGR,
encouraging people to purchase products.
Research
Methodology:
To compile
the detailed study of the global Premium Cosmetics Market, a
robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the Premium Cosmetics Market. Comprehensive and iterative research
methodology focused on minimizing deviance in order to provide the most
accurate estimates and forecast possible. The company utilizes a combination of
bottom-up and top-down approaches for segmenting and estimating quantitative
aspects of the market. Our research methodology implements a mix of primary as
well as secondary research. Our projects are initiated with secondary research,
where we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Premium
Cosmetics Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Premium Cosmetics Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Premium Cosmetics Market report has been segmented By Product Type, By
Distribution Channel also includes the market size and forecast for all these
segments. Compounded annual growth rates for all segments have also been
provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Premium Cosmetics Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Premium
Cosmetics Market, By Product Type, 2022-2031 (USD Million)
·
Skin Care
·
Haircare
·
Makeup
·
Fragrance
Premium
Cosmetics Market, By Distribution Channel, 2022-2031 (USD Million)
·
Online
o
E-commerce
Websites
o
Company Owned
Websites
·
Offline
o
Hypermarket /
Supermarket
o
Specialty
Stores
o
Other Retail
Stores
Report
Highlights:
The prime objective of the Premium Cosmetics Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Premium
Cosmetics Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Premium
Cosmetics Market:
·
Chanel
·
Coty
·
Dior Beauty
·
Elizabeth
Arden Inc.
·
Estée Lauder
·
KAO
Corporation
·
L’Oréal
·
LVMH
·
Shiseido
·
The Procter
& Gamble Company (P&G)
·
Others
Premium
Cosmetics Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
