About Premium Cosmetics
Increasing disposable income of the people in developing regions, increased promotional activities by manufacturers and increasing skin-related concerns among the consumers are the factors boosting the premium cosmetics product demand. Cosmetics are products with active ingredients that are known to be beneficial to humans in some way. Premium cosmetics are high-quality products that contain ingredients that help to improve skin health. The major brands are investing hugely in the research and development activities to fulfill the all demands of the customers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.1% |
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 gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Premium Cosmetics 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.
L'Oréal S.A. (France), The Estée Lauder Companies Inc. (United States), Shiseido Company (Japan), Christian Dior SE (France), Chanel SAS (France), Charlotte Tilbury Beauty Inc. (United Kindom), LVMH Moët Hennessy - Louis Vuitton (France), Huda Beauty FZ-LLC (United Arab Emirates), Stila Styles, LLC (United States), Kosé Corporation (Japan), Anastasia Beverly Hills Inc. (United States), King Kylie, LLC (United States) and Bare Escentuals, Inc. (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 Maesa Ecommerce Inc United States), The Unilever Group (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Premium Cosmetics market by Type (Face Products (Foundation, Face Powder, Contouring Products, and Others), Eyes Products (Eyeshadow, Mascara, Eyeliners, and Others) and Lip Products (Lipsticks, Lip balm, and Others)) and Region.
On the basis of geography, the market of 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). If we see Market by Distribution Channel, the sub-segment i.e. Store-Based (Hypermarkets and Supermarkets, Specialty Stores, and Others) will boost the Premium Cosmetics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Men will boost the Premium Cosmetics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Herbal Products and Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Disposable Income of the People in Developing Regions, Increasing Demand for Anti-aging Products and Rise in the Online Customers
Challenges:
Slowdown of the World Economy Hampering the Market
Restraints:
Fluctuations the Raw Material Prices
Opportunities:
Growth in the Cosmetic Industry Worldwide, Growth in the E-commerce Industry and Increasing Consumer Awareness
Market Leaders and their expansionary development strategies
In April 2023, Unilever (UK) company Radox has revitalized its line with new fragrances to lift spirits, highlighting the significance of fragrance in the cleansing category, the most sought-after benefit by consumers at the moment4. A new Strawberry and Raspberry 'Feel Radiant' variation will also be available in a striking hot pink color and a new fruity scent.
In January 2023, The Estée Lauder Companies (ELC) UK & Ireland introduced its Voice-Enabled Makeup Assistant (VMA) app, the first of its kind driven by artificial intelligence and designed to make applying makeup easier confidently for visually impaired users. The creation of VMA is part of ELC’s mission to aid the visually impaired community by facilitating greater avenues for self-expression and empowerment via makeup.
Key Target Audience
Premium Cosmetics Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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.