About Luxury Beauty
Luxury beauty is a great comfort, elegance, and more expensive beauty. The global luxury beauty market will help to boost the market due to rising inclination towards trendy lifestyle as well as the adoption of organic beauty products. Luxury beauty products including various beauty products such as skin care, body care, hair care, and other products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.0% |
Competition among existing players is due to the Luxury Beauty market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Luxury Beauty Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States and French Vendors will contribute the maximum growth to Global Luxury Beauty market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Loreal (France), P&G (United States), Estee Lauder (United States), Shiseido (Japan), Unilever (United Kingdom), LVMH (France), Chanel (France), PPG (United States), Amorepacific (South Korea) and Chantecaille (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are KAO (Japan), Jahwa (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Luxury Beauty market by Type (Facial Care, Body Care, Hair Care and Other) and Region.
On the basis of geography, the market of Luxury Beauty 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). If we see Market by End-Users, the sub-segment i.e. Men will boost the Luxury Beauty market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Luxury Beauty market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Organic Luxury Product and Online Availability of Products
Market Growth Drivers:
Increasing Buying Power of Consumers and Inclination towards Trendy Lifestyle
Challenges:
Changing Consumer Preferences
Restraints:
High Cost of Product
Opportunities:
Increasing Awareness about Cosmetic Treatments
Market Leaders and their expansionary development strategies
In August 2018, Loreal (French personal care Company) has acquired Logocos Naturkosmetik AG, German natural beauty company for expansion of organic beauty market.
In August 2018, Chanel a global leading provider of luxury beauty products has announced that they are going to launch its first-ever dedicated line of makeup for men.
New e-commerce regulation (which goes into effect on January 1) specifying that all daigou and online platforms must register with authorities and pay taxes.
Key Target Audience
Luxury Beauty Manufactures, Luxury Beauty Distributors/Retailors, Fashion and Modelling Industry, Private Research Industry, Government Research Industry and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.