Retail Cosmetic Stores Market Scope
Retail cosmetic stores is referred to as the physical store offering cosmetic products. Cosmetic stores provides vast range of branded or even non-branded cosmetics including skin care products, hair care products, hair styling tools, skin care accessories, beauty tools and perfumes among many other products. These are alternative to the online shops and gives an advantage of experiencing actual shopping of the products through testing. It is preferred option by the older females or males who may not prefer online sales due to lack of confidence on virtual shopping sites.
The Retail Cosmetic Stores market study is segmented by Type (Hair Products, Skin Products, Cosmetic Tools and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that Players are mainly concentrated in Europe Players will contribute to the maximum growth of Global Retail Cosmetic Stores market throughout the predicted period.
The Body Shop (UK), Yves Rocher (France), Chalhoub (UAE), Marionnaud (France), DM-Drogerie Markt (Germany), Olive Young (South Korea), Muller (Germany), Matsumotokiyoshi (Japan ), Douglas Holding (Germany), Boots (United Kingdom) and Robinsons are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sephora (France), Gialen (China), A.S Watson (Hong Kong), COSMED (US) and Ulta Beauty (US).
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
AMA Research has segmented the market of Global Retail Cosmetic Stores market by Type, Application and Region.
On the basis of geography, the market of Retail Cosmetic Stores 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).
In December 2020, Mozzafiato, an Italian Beauty retailer has announced its plans to open brick and mortar store in US and Canada to offer its exclusive product portfolio. and In December 2020, the Sephora, a company engaged in offering personal care and beauty products has entered into a long term partnership with the Kohl’s to expand their reach. The collaboration aims to expand into at least 850 stores by 2023.
Market Trend
- Increasing trend of enhancing self-grooming even in male population
Market Drivers
- Growing demand for cosmetic products
Restraints
- Easy product availability through online sales channel
Challenges
- Covid-19 pandemic has reduced customer footfall at the physical store
Key Target Audience
Manufacturers of Cosmetic Products and Suppliers of Cosmetic Products