Luxury Cosmetics Market Grow with New Opportunities & Developments by 2026
KD Market
Insights has
published a new report on Luxury Cosmetics Market analysis and forecast 2019-2026. The
report comprises of Luxury Cosmetics Market size, Y-o-Y growth analysis, and
market dynamics, including growth drivers, restraining factors, opportunities,
and trends which are spearheading current nature and future status of the
market.
The global luxury cosmetics market size was valued at $52,748.4 million
in 2018 and is projected to reach $81,247.6 million by 2026, registering
a CAGR of 5.6% from 2019 to 2026.
Cosmetics refer to products used to cleanse
the skin and enhance the physical features of humans. These include products
such as skincare, haircare, makeup, and fragrances. Since time immemorial, the
human race has embraced altering their bodily aspects to enhance their
self-esteem. Cosmetics play a vital role in complementing an individual’s
inherent beauty and physical features. In the twenty-first century, beauty has
been reimagined as a result of increased focus of consumers on skincare and
cosmetics needs. The focus has ultimately shifted toward high end luxury
products with premium quality and organic ingredients. Based on ethnobotanical
knowledge, humans traditionally used natural resources as primary ingredients
to produce skincare products. However, until recently, due to the increase in
prevalence of skin and health care among individuals worldwide, there is
excessive demand for plant extracts. The urge to improve current lifestyle
along with growth in disposable income is considerably affecting the growth of
the cosmetics market.
The expansion of high-income class and
increase in travellers worldwide are two major factors positively impacting the
growth of the luxury cosmetics market. Rise in disposable income levels of
individuals across several regions along with the growth in GDP have inclined
consumers focus toward luxury goods. Consequently, this shift in consumers
purchasing approach positively influences the market for luxury cosmetic
products. In addition, consumers are showing an increased preference for
products manufactured using natural and organic ingredients, especially in
skincare and fragrance segment. For the same reason, manufacturers are
producing cosmetic products with organically derived ingredients. This trend
among consumers and manufactures has ultimately enabled the expansion of the
luxury cosmetics market. Furthermore, the increase in online shopping among
consumers due to factors such as convenience, international reach, and wide
choice of options, further fuels the growth of the luxury cosmetics market.
However, short shelf life of personal care products, especially manufactured
using natural ingredients limit the growth of the luxury personal care
and cosmetics market.
On the other hand, the demand for halal
cosmetics is emerging as the fastest growing segment especially in the Middle
Eastern countries. This can be viewed as an opportunity by the manufacturers
for further growth and expansion of the luxury cosmetics market.
The luxury cosmetics market is segmented based on type, product type, end user, distribution channel, and region. Based on type, it is categorized into conventional and organic. Based on product type, it is classified into skincare, haircare, makeup and fragrances. Based on end user, it is considered into men and women. Based on distribution channel, it is bifurcated into e-commerce, supermarket/hypermarket, specialty store/monobrand stores and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating
in the market include L’Oréal, Shiseido Company, Limited, Christian Dior, Puig,
Coty Inc., Kao Corporation, Revlon, Inc., The Estee Lauder Companies Inc.,
Oriflame Cosmetics AG, and KOSE Corporation.
Key Benefits for Stakeholders
- This report provides a quantitative analysis
of the current trends, estimations, and dynamics of the global luxury
cosmetics market size from 2019 to
2026 to identify the prevailing opportunity.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- A comprehensive analysis of factors that drive and restrict the luxury cosmetics market growth is provided.
- An in-depth analysis of the market helps determine the prevailing market opportunities.
- The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, and growth strategies.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- A comprehensive analysis of factors that drive and restrict the luxury cosmetics market growth is provided.
- An in-depth analysis of the market helps determine the prevailing market opportunities.
- The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, and growth strategies.
Key Market Segments
By Type
- Organic
- Conventional
- Organic
- Conventional
By Product Type
- Skincare
- Haircare
- Makeup
- Fragrances
- Skincare
- Haircare
- Makeup
- Fragrances
By End User
- Male
- Female
- Male
- Female
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty and Monobrand Stores
- E-commerce
- Others
- Supermarkets and Hypermarkets
- Specialty and Monobrand Stores
- E-commerce
- Others
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Spain
- Switzerland
- Rest of Europe
Asia-Pacific
- Japan
- China
- Australia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Spain
- Switzerland
- Rest of Europe
Asia-Pacific
- Japan
- China
- Australia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa
Table of Content
Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Research Methodology
1.2. Key Market Segments
1.3. Research Methodology
1.3.1. Primary Research
1.3.2. Secondary Research
1.3.3. Analyst Tools And Models
1.3.2. Secondary Research
1.3.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings of The Study
2.2. Cxo Perspective
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2. Key Findings
3.2.1. Top Investment Pocket
3.3. Porter'S Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitution
3.3.4. Threat of New Entrants
3.3.5. Intensity of Competitive Rivalry
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitution
3.3.4. Threat of New Entrants
3.3.5. Intensity of Competitive Rivalry
3.4. Value Chain Analysis
3.5. Market Dynamics
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase In Online Retail
3.5.1.2. Rise In Demand For Natural And Organic Personal Care And Cosmetic Products (Plant-Based Beauty)
3.5.1.3. Growth In Emerging Market
3.5.1.2. Rise In Demand For Natural And Organic Personal Care And Cosmetic Products (Plant-Based Beauty)
3.5.1.3. Growth In Emerging Market
3.5.2. Restraint
3.5.2.1. High Taxation And Import Duties On Luxury Goods
3.5.2.2. Counterfeit Products
3.5.2.2. Counterfeit Products
3.5.3. Opportunities
3.5.3.1. Halal Luxury Cosmetics In The Middle Eastern Countries
3.5.3.2. Increase In Demand For Luxury Skincare Products
3.5.3.2. Increase In Demand For Luxury Skincare Products
Chapter 4: Global Luxury Cosmetics Market, By Product Type
4.1. Overview
4.1.1. Market Size And Forecast
4.2. Skincare
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast
4.2.3. Market Analysis By Country
4.2.2. Market Size And Forecast
4.2.3. Market Analysis By Country
4.3. Haircare
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast
4.3.4. Market Analysis By Country
4.3.2. Market Size And Forecast
4.3.4. Market Analysis By Country
4.4. Makeup
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast
4.4.3. Market Analysis By Country
4.4.2. Market Size And Forecast
4.4.3. Market Analysis By Country
4.5. Fragrances
4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Market Size And Forecast
4.5.3. Market Analysis By Country
4.5.2. Market Size And Forecast
4.5.3. Market Analysis By Country
Chapter 5: Global Luxury Cosmetics Market, By Type
5.1. Overview
5.1.1. Market Size And Forecast
5.2. Conventional Luxury Cosmetics
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast
5.2.3. Market Analysis By Country
5.2.2. Market Size And Forecast
5.2.3. Market Analysis By Country
5.3. Organic Luxury Cosmetics
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast
5.3.3. Market Analysis By Country
5.3.2. Market Size And Forecast
5.3.3. Market Analysis By Country
Chapter 6: Global Luxury Cosmetics Market, By End User
6.1. Overview
6.1.1. Market Size And Forecast
6.2. Male
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast
6.2.3. Market Analysis By Country
6.2.2. Market Size And Forecast
6.2.3. Market Analysis By Country
6.3. Female
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast
6.3.3. Market Analysis By Country
6.3.2. Market Size And Forecast
6.3.3. Market Analysis By Country
Chapter 7: Global Luxury Cosmetics Market, By Distribution Channel
7.1. Overview
7.1.1. Market Size And Forecast
7.2. E-Commerce
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast
7.2.3. Market Analysis By Country
7.2.2. Market Size And Forecast
7.2.3. Market Analysis By Country
7.3. Supermarket/Hypermarket
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast
7.3.3. Market Analysis By Country
7.3.2. Market Size And Forecast
7.3.3. Market Analysis By Country
7.4. Specialty Stores And Monobrand Stores
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast
7.4.3. Market Analysis By Country
7.4.2. Market Size And Forecast
7.4.3. Market Analysis By Country
7.5. Others
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast
7.5.3. Market Analysis By Country
7.5.2. Market Size And Forecast
7.5.3. Market Analysis By Country
Continue…
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