Premium Cosmetics Market by Product (Skincare, Hair-care, Makeup, and Fragrance), Distribution Channel (Online and Offline), and Region – Industry Analysis and Forecast to 2033
The global premium cosmetics market is expected to grow from USD 137.57 billion in 2023 to USD 277.73 billion by 2033 at a CAGR of 7.28%.
Premium Cosmetics Market CAGR
2023-2033
CAGR OF
7.28%
Premium Cosmetics Market
Premium Cosmetics comprise innovative substances to suit every skin tone with a natural bond. This market is estimated to witness the fastest growth owing to the rapid urbanization and increase in fashion trends, worldwide. The availability of waterproof and sweatproof products is boosting the demand in the hot and humid climatic region, which is attributed to various skin infection and irritation caused by the environmental pollution the market tries to captivate by introducing organic and natural color cosmetics. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.
Premium Cosmetics Market: Market Dynamics
Growing awareness about premium ingredients through the influence of social media has led to the increase of demand for the premium cosmetics worldwide. Additionally, rising concern among consumers about various skin problems such as aging spots, acne, and pigmentation, the positive effect on skin given by premium ingredients helps to drive the overall market. The lack of product preservatives and availability of counterfeit cosmetic products acts as the barriers in growth of the market. Although, various industries in the market, focus on their research and development activities for innovation among the products while covering consumer needs and concerns.
Premium Cosmetics Market: Segmental Analysis
Premium Cosmetics Market
By Product
Skincare
Hair-care
Makeup
Fragrance
The Market will Grow
At the CAGR of:
7.28%
The Forecast Market
Size for 2033 in USD:
$277.73B
Global premium cosmetics market is classified by product, distribution channel, and region. On the basis of product type, the global premium cosmetic market is segmented into skincare, hair-care, makeup, and fragrance. The makeup segment is expected to hold the majority market share in 2023, which is expected to continue its position by 2033.
Premium Cosmetics Market
By Distribution Channel
XX%
Online
Offline
137.57
Total Market Size
USD (Billion), 2023
7.28%
CAGR
2023 - 2033
On the basis of the distribution channel, the market is segmented into an online and offline channel. The online channel is projected to grow with a higher CAGR due to easy-availability with a wide variety coupled with various discount offers which makes easy to buy.
Premium Cosmetics Market: Regional Analysis
Based on geography, Europe is the fashion capital which dominated the market. North America is expected to account for the second largest market share during the forecast period owing to the strict and supportive government regulations.
Premium Cosmetics Market
By Region
The Market will Grow
At the CAGR of:
7.28%
The Forecast Market
Size for 2033 in USD:
$277.73B
However, Asia-Pacific region is anticipated to witness highest growth rate due to the sudden growth of the premium cosmetic segment in emerging economies such as China and India. The Middle East & Africa region experiences the most opportunistic market due to the high-income population and luxury lifestyle in the region.
Premium Cosmetics Market: Competition Scenario
Key players operating in the premium cosmetics market include Christian Dior SE, Puig, Shiseido Company, The Estee Lauder Companies Inc., Ralph Lauren Corporation, L'Oreal S.A., Coty Inc., Revlon, Inc., Hermes International S.A., Chanel S.A.
Critical Questions Answered in the Report
• What are the key trends in the market? • How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years? • What are the key strategies adopted by the major vendors to lead in the market? • What is the market share of the top players?
Research Methodology
The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
Premium Cosmetics Market Scope:
Report Data
Premium Cosmetics Market
Premium Cosmetics Market Forecast Value 2033
277.73Billion
Premium Cosmetics Market CAGR 2023 - 2033
7.28%
Premium Cosmetics Market Forecast Period
2023 - 2033
Premium Cosmetics Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Christian Dior SE, Puig, Shiseido Company, The Estee Lauder Companies Inc., Ralph Lauren Corporation, L'Oreal S.A., Coty Inc., Revlon, Inc., Hermes International S.A., Chanel S.A..
Key Segments
By Product
Skincare
Hair-care
Makeup
Fragrance
By Distribution Channel
Online
Offline
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
1 Executive Summary
2 Market Introduction 2.1 Definition 2.2 Architecture 2.3 Scope of the Study 2.4 Related Stakeholders
3 Research Methodology 3.1 Introduction 3.2 Primary Research 3.2.1 Key Insights 3.2.2 Breakdown of Primary Interviews 3.3 Secondary Research 3.3.1 Important Sources 3.4 Market Size Estimation Approaches 3.4.1 Top-Down Approach 3.4.2 Bottom-Up Approach 3.4.3 Data Triangulation 3.5 List of Assumptions
4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Awareness among consumers about prime ingredients 4.2.2 Constant innovations to satisfy consumer preferences 4.3 Restraints 4.3.1 Lack of product preservatives 4.4 Challenges 4.4.1 Trend of digitalization makes industry players be more cautious about opening new flagship stores 4.5 Opportunities 4.5.1 Introduction to Halal products 4.6 Porter's Five Forces Model Analysis 4.7 Value Chain Analysis 4.8 Regulatory Landscape
5 Premium cosmetics market, By Product 5.1 Introduction 5.2 Skincare 5.3 Haircare 5.4 Makeup 5.5 Fragrance 6 Premium cosmetics market, By Distribution Channel 6.1 Introduction 6.2 Online 6.3 Offline 7 Premium cosmetics market, By Region 7.1 Introduction 7.2 North America 7.2.1 US 7.2.2 Canada 7.2.3 Mexico 7.3 Europe 7.3.1 Germany 7.3.2 UK 7.3.3 France 7.3.4 Italy 7.3.5 Spain 7.3.6 Rest of Europe 7.4 Asia-Pacific 7.4.1 China 7.4.2 India 7.4.3 Japan 7.4.4 South Korea 7.4.5 Rest of Asia-Pacific 7.5 Middle East and Africa 7.6 South America
9 Company Profiles (This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.) 9.1 Christian Dior SE 9.2 Puig 9.3 Shiseido Company 9.4 The Estee Lauder Companies Inc. 9.5 Ralph Lauren Corporation 9.6 L'Oreal S.A. 9.7 Coty Inc. 9.8 Revlon, Inc. 9.9 Hermes International S.A. 9.10 Chanel S.A.
Table 1 Premium cosmetics market, By Product, 2023-2033 (USD Million) Table 2 Premium cosmetics market, By Distribution Channel, 2023-2033 (USD Million) Table 3 Premium cosmetics market, By Region, 2023-2033 (USD Million) Table 4 North America Premium Cosmetics Market, By Country, 2023-2033 (USD Million) Table 5 North America Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 6 North America Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 7 US Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 8 US Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 9 Canada Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 10 Canada Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 11 Mexico Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 12 Mexico Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 13 Europe Premium Cosmetics Market, By Country, 2023-2033 (USD Million) Table 14 Europe Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 15 Europe Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 16 Germany Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 17 Germany Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 18 UK Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 19 UK Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 20 France Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 21 France Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 22 Italy Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 23 Italy Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 24 Spain Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 25 Spain Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 26 Rest of Europe Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 27 Rest of Europe Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 28 Asia-Pacific Premium Cosmetics Market, By Country, 2023-2033 (USD Million) Table 29 Asia-Pacific Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 30 Asia-Pacific Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 31 China Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 32 China Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 33 India Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 34 India Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 35 Japan Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 36 Japan Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 37 South Korea Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 38 South Korea Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 39 Rest of Asia-Pacific Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 40 Rest of Asia-Pacific Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 41 Middle East and Africa Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 42 Middle East and Africa Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million) Table 43 Million) Table 44 South America Premium Cosmetics Market, By Product, 2023-2033 (USD Million) Table 45 South America Premium Cosmetics Market, By Distribution Channel, 2023-2033 (USD Million)
List of Figures
Figure 1 Premium cosmetics market: Market Segmentation Figure 2 Premium cosmetics market: Research Methodology Figure 3 Breakdown of Primary Interviews Figure 4 Top Down Approach Figure 5 Bottom Up Approach Figure 6 Data Triangulation Figure 7 Premium cosmetics market: Drivers, Restraints, Opportunities, and Challenges Figure 8 Premium cosmetics market: Porter's Five Forces Model Analysis Figure 9 Premium cosmetics market: Value Chain Analysis Figure 10 Premium cosmetics market Share Analysis, By Product, 2023 and 2033 Figure 11 Premium cosmetics market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 12 Premium cosmetics market Share Analysis, By Function, 2023 and 2033 Figure 13 Premium cosmetics market Share Analysis, By Application, 2023 and 2033 Figure 14 Premium cosmetics market Share Analysis, By Region, 2023 and 2033 Figure 15 North America Premium Cosmetics Market Share Analysis, By Country, 2023 and 2033 Figure 16 North America Premium Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 17 North America Premium Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 18 Europe Premium Cosmetics Market Share Analysis, By Country, 2023 and 2033 Figure 19 Europe Premium Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 20 Europe Premium Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 21 Asia-Pacific Premium Cosmetics Market Share Analysis, By Country, 2023 and 2033 Figure 22 Asia-Pacific Premium Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 23 Asia-Pacific Premium Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 24 Middle East and Africa Premium Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 25 Middle East and Africa Premium Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 26 South America Premium Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 27 South America Premium Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 28 Premium cosmetics market: Competitive Benchmarking Figure 29 Premium cosmetics market: Vendor Share Analysis, 2023 (%)
Premium Cosmetics Market Scope:
Report Data
Premium Cosmetics Market
Premium Cosmetics Market Forecast Value 2033
277.73Billion
Premium Cosmetics Market CAGR 2023 - 2033
7.28%
Premium Cosmetics Market Forecast Period
2023 - 2033
Premium Cosmetics Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Christian Dior SE, Puig, Shiseido Company, The Estee Lauder Companies Inc., Ralph Lauren Corporation, L'Oreal S.A., Coty Inc., Revlon, Inc., Hermes International S.A., Chanel S.A..
Key Segments
By Product
Skincare
Hair-care
Makeup
Fragrance
By Distribution Channel
Online
Offline
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
The Research Intellica follows an extensive research methodology that involves a blend of both primary and secondary research. Information assembly and understanding the definition of the market are one of the critical points in our research process.
Key steps required in our research process:
Information Assembling: Under this stage, market data or information is collected by going through all the various methodologies, such as paid databases, TRI’s internal databases, primary research, and secondary research.
Secondary Sources: Some of the prominent examples include annual reports, press releases & investor presentations of companies, white papers, government statistics companies such as WHO, NGOs, the World Bank, and many others, regulatory bodies, trade directories.
Primary Sources: The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies. The primary sources from the supply side include associations and institutions involved in the particular industry, key opinion leaders, and processing players.
Data Analysis: Our data is the Intellica of our research, and to stand out in the market, we analyse the data with statistical tools such as regression analysis and factor analysis. Our data analytics model aids in market forecasting. Common parameters are as follows:
Macro-economic factors
Demographics
Technology & innovation
Regional Patterns
Value Chain/ Supply Chain
Market dynamics
Industry Trends
Market Estimation: Both, bottom-up and top-down approaches were used to estimate and validate the size of the global market. The key players in the industry and markets were identified through extensive secondary research. The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as directors and marketing executives.
Bottom-Up Approach:
Top-down Approach:
Market Breakdown & Data Triangulation:
In order to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size was validated by using both, the top-down and bottom-up approaches.
Market Stakeholders:
Raw Material Suppliers
Manufacturers
System Integrators
Distributors
End-users
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