The Global Luxury Cosmetics Market size is expected to reach $75.5 billion by 2025, rising at a market growth of 5.6% CAGR during the forecast period.
Cosmetics products have become a routine part of humans to cleanse and enhance the physical features of their skin. Within the growing market of cosmetics, luxury products or luxury cosmetics have conquered the market with a wide range of products that are manufactured by using organic and premium quality ingredients. These products are sold at high prices as compared to their counterpart drugstore products. Luxury cosmetics mainly cover skincare, makeup products, hair care, and fragrances.
Luxury products have risen up to be a lucrative industry specifically in the North America and Europe region, due to the high consumer purchasing power in the countries of these regions. However, the popularity of luxury cosmetics has extended across the Asian countries as well owing to the increasing disposable income and the prevalent skin and hair care trends in the region.
The advent of internet has expanded the e-commerce industry, which has further prompted the scaling of luxury cosmetics market on online platforms. This can be attributed to the convenience, global reach, and a wide choice spectrum available simultaneously. A prominent factor that has given a setback to the industry, despite its rooted demand is existence of counterfeit products. A new trend emerging in the industry is the acceptance and demand for halal cosmetics. This demand is specifically arising from the Middle Eastern countries and is expanding worldwide. It can be thus observed as an opportunity by manufacturers to grow and expand their market operations.
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The 15 Minute Breakdown: 2024 Beauty Marketing Study
Luxury Cosmetics Market
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Executive Summary (1/2)
Luxury Cosmetics Market
Knowledge Based Value (KBV) Research
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The Global Luxury Cosmetics Market size is expected to
reach $75.5 billion by 2025, rising at a market growth of
5.6% CAGR during the forecast period.
About
Luxury
Cosmetics
Market
Luxury products have risen up to be a lucrative industry
specifically in the North America and Europe region, due
to the high consumer purchasing power in the countries
of these regions.
The advent of internet has expanded the e-commerce
industry, which has further prompted the scaling of
luxury cosmetics market on online platforms.
A new trend emerging in the industry is the acceptance
and demand for halal cosmetics.
Market Dynamics – Luxury Cosmetics Market
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Regional Outlook of the Luxury Cosmetics Market
North
America
South
America
Africa
Oceania
Asia
Europe
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Luxury Cosmetics Market– Growth Potential
XX XX XX XX
$75.5 billion
by 2025
2019
The Global Luxury Cosmetics Market size is expected
to reach $75.5 billion by 2025, rising at a market
growth of 5.6% CAGR during the forecast period.
Full Report: http://bit.ly/2Xqlt8J
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Luxury Cosmetics Market– Scope & Coverage
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• North America
• Europe
• Asia Pacific
• LAMEA
Luxury Cosmetics
Market By Type
Luxury Cosmetics
Market By
Distribution
Channel
Luxury Cosmetics
Market By
Geography
• Skincare
• Haircare
• Makeup
• Fragrances
• Conventional
Luxury Cosmetics
• Organic Luxury
Cosmetics
Luxury Cosmetics
Market By Product
Type
• E-commerce
• Supermarket/Hyper
market
• Specialty stores and
Monobrand stores
• Others
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Luxury Cosmetics Market– Leading Market Players Around The Globe
• L'Oréal Group
• Shiseido Company Limited
• LVMH SE (Christian Dior)
• Puig SL
• Coty, Inc. (JAB Cosmetics B.V.)
• Revlon, Inc. (MacAndrews &
Forbes)
• Estee Lauder Companies, Inc.
• Oriflame Cosmetics AG
• Ralph Lauren Corporation
• Avon Products, Inc.
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Luxury Cosmetics Market– Research Methodology
Our Research Methodology
• The difference that makes the difference
7
Primary Validation Estimation Analysis Final ReportSecondary
SEC filing, annual
reports, trade
journals, blogs,
articles government
associations, etc.
are studied in detail
Data so gathered is
then merged to
identify trends and
find harmony in
forecast
Talks with KLO’s,
Sales
representatives,
marketing
managers, etc .to
dig into data
Estimation are
made on market
size and share,
across
segmentation and
geographies along
with market
forecast .
Quantitative and
qualitative aspects
of a given market is
analyzed from the
perspective of
different
frameworks
The final report
emerges out of all
the collected data
and then presented
to the businesses
worldwide
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Luxury Cosmetics Market– Research Methodology
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