Online Premium Cosmetics Market Scope
Premium cosmetics are a category of products that change or improve the appearance of the face or the texture or fragrance of the body. Premium cosmetics are usually combinations of chemical compounds that come from natural sources. They can also be artificial, synthetic, or halal. The Beauty and Personal Care (BPC) industry have declined after the COVID 19 pandemic, but the impact is not as severe as in other industries. Although discretionary spending has decreased, consumer behavior in the BPC market has changed towards safe and reliable products. Products that have a lower risk of contamination due to automation and longer shelf life and support the rationing of consumables are likely to attract attention in the near future. Brands are also focusing on improving their delivery lines with a view to strengthening their e-commerce channel and offering home wellness products that are very suitable in this volatile business environment.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | CHANEL (France), Lancôme (France), Dior (France), Estée Lauder (United States), Elizabeth Arden (Switzerland), L'Oreal (France), Clinique (United States), SK-II (Japan), NARS Cosmetics (France), MAC (United States), Clarins (France) and Shiseido (Japan) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Online Premium Cosmetics market throughout the predicted period.
CHANEL (France), Lancôme (France), Dior (France), Estée Lauder (United States), Elizabeth Arden (Switzerland), L'Oreal (France), Clinique (United States), SK-II (Japan), NARS Cosmetics (France), MAC (United States), Clarins (France) and Shiseido (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Online Premium Cosmetics market by Type (Skin Care, Fragrance, Makeup, Hair Care, Sun Care and Bath and Shower), by Application (Individual Use and Commercial Use) and Region with country level break-up.
On the basis of geography, the market of Online Premium Cosmetics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Trend
- The Rising Awareness and Willingness of Consumers to Spend More on Premium Beauty Products
- Rising Financial Independence among Women and Beauty Consciousness among Men
Market Drivers
- Increasing Brand Recognition and Influence of Premium Cosmetics
- The Growing Demand for Wellness Beauty Products and Natural Cosmetics
- Increasing Preference for Online Shopping
Opportunities
- Technology Advancement That Help In Providing Showroom-Like Shopping Experience
- Increasing Usage of the Internet, E-Commerce Business
- Increase in the Focus on Modernizing the Websites
Restraints
- Side Effects of Cosmetic Products
Challenges
- The Presence of Several Key Players
Key Target Audience
Providers of Online Premium Cosmetics, Downstream Vendors, Private Research Institutes, Market Research Organizations and Others