Market Snapshot:
The introduction of high-end cosmetics and personal care goods into the life of the general public has primarily been made feasible by rising disposable income within this consumer group. The worldwide luxury personal care and cosmetics business, which once catered mainly to the affluent and privileged, is now brimming with items geared at the urban elite and even the general public. While certain luxury goods categories have preserved quality and durability, others, like as personal care, have evolved to rely on materials and methods that are detrimental to ecosystems and human health. Purity, freshness, attractiveness, and the ‘natural' are all important attributes in the luxury personal care business. However, the industry's continuous reliance of single-use plastic packaging and synthetic chemical additives makes it unsustainable.
Highlights from Luxury Personal Care and Cosmetics Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Estée Lauder Companies, Inc. (United States), L’Oréal S.A. (France), Coty (United States), SkinCeuticals (United States), SkinMedica Inc. (United States), Obagi (United States), Avène (France), Eminence Organic Skin Care (United States), Colgate-Palmolive (United States) and Premium cosmetics (United Kingdom). Additionally, other players that are part of this comprehensive study are Unilever (United Kingdom), The Procter & Gamble Company (United States), Beiersdorf Inc. (Germany), Lotus Herbals (India), Johnson and Johnson (United States) and Avon Products, Inc. (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Luxury Personal Care and Cosmetics market presents a comprehensive analysis of the Luxury Personal Care and Cosmetics market by product type (Moisturizers, Facial Treatments, Face Masks, Cleansers, Eye Creams and Facial Toners & Serums), by end-user/application (Anti-Aging, Blackheads, Loss of Firmness and Dark Circles), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Luxury Personal Care and Cosmetics industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Luxury Personal Care and Cosmetics market
Analyst at AMA have segmented the market study of Global Luxury Personal Care and Cosmetics market by Type, Application and Region.
Influencing Trend:
Growing Fashion Awareness Among Females and Increasing Demand for Herbal and Organic Products
Market Growth Drivers:
High Investments in Celebrity Endorsement, Rising Skin Care Awareness Among Men and Increasing Disposable Income Among Females
Challenges:
Rise in Price Level due to Tariffs & Taxes, Presence of Counterfeit Products and Lack of Appropriate Regulations
Restraints:
Side Effects and Allergic Reactions
Opportunities:
Low Penetration in Emerging Regions Particularly Asia and Increasing Sales across Online Channels
Market Developments Activities:
In April 2019 - Unilever Acquired OLLY Nutrition (US Based Premium Vitamins, Minerals, And Supplements (VMS) Brand). The Deal Adds OLLY’s Innovative Range of Product Offerings Across Personal care and Cosmetics Across New Regions Including North America and Europe. and On 5th June, 2020 – Puig Completed its Acquisition of Charlotte Tilbury. Puig's First Big Asset in The Cosmetics Industry Is the Merger with Charlotte Tilbury, As the Company's Portfolio Is Mostly Comprised of Owned and Licenced Perfumes.
In December 2019 - Lotus Herbals Launches Skincare Brand “Lotus Organics +” The Divine Care Collection and The Precious Brightening Range, All of Which Include a Variety of Brands, Are Part of The New Brand Range. and On 18th November, 2020 - Beiersdorf Launched Its New Face Care Brand “CHAUL” For the South Korean Region. The Product Line Was Created Specifically for The Asian Market and Is Made from Fermented Tea.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Luxury Personal Care Products Manufactures, New Entrants and Investors, Luxury Personal Care Products Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others