Premium Cosmetics Market (By Product: Fragrance, Makeup, Haircare, Skincare, Others; By Distribution Channel: Online, Offline; By Nature: Natural and Organic, Convential; By Gender: Male, Female, Unisex) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global premium cosmetics market size was estimated at USD 116.3 billion in 2022 and is projected to hit around USD 197.76 billion by 2032 with a registered CAGR of 6.1% during the forecast period 2023 to 2032.
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Premium cosmetics are composed of various mixtures such as chemical compounds or naturally derived cosmetics, many of the cosmetics are chemically derived are synthetic ones with various purposes. Cosmetics are basically utilized for personal care to enhance the personal look with increased skin care purposes to protect the skin and cleansing of the skin with the utilization of cosmetics. enhancing one's look with the use of premium cosmetics and looking younger than before with the application of makeup such as concealing, shaping eyebrows, lip color, application of eyelashes, eye lens, blusher, eye shadow, and many more with the use of premium cosmetics. Which helps to change the look of a person with an increased appearance and improved fragrance of the cosmetics.
The premium cosmetics market is to grow the market growth rate with increased demands from customers for cosmetics to improve the beauty and wellness of the person with improved personal care. Increasing demands for the cosmetics product with increased manufacturing and production of the cosmetics products with developed brands and advertisement of the premium cosmetics market through various forms such as media helps to fuel the market of premium cosmetics with increased demands from the customers during the forecast period.
Report Coverage | Details |
Market Size in 2023 | USD 116.53 Billion |
Market Size by 2032 | USD 197.76 Billion |
Growth Rate from 2023 to 2032 | CAGR of 6.1% |
Largest Market | Asia Pacific |
Second largest Market | North America |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered |
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Regions Covered |
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Key Market Drivers
Key Market Challenges
Key Market Opportunities
On the basis of the product, with increased market growth of the cosmetics with increased utilization of the products and increased daily natural makeup to increase the appearance of the person with the utilization of the organic or natural makeup cosmetics and increased demands from the customer for the premium cosmetics which led to increasing the market revenue share with improved efficiency of the products helps to expand the market growth rate. The skincare market account for the largest market growth as per investigation with the continuous development of the products led to a leading position with increased effects of the premium cosmetics reduced side effects, reductions of acne, wrinkles, dry skin, scar, pigmentation, aging spots helps to boost the market of premium cosmetics, increased demands for products which brightens the skin, increased utilization of sunscreens, body lotion, and expansion of the market growth rate during the forecast period.
On the basis of the distribution channel, the online distribution of premium cosmetics with the largest market growth with a rising CAGR of the cosmetics products used by the customers. Increased utilization of the network connectivity or over the wifi to buy the products and increased awareness regarding the development of the new products in the cosmetics with improved benefits such as price comparison, and availability of the offers applied through online purchase of the premium cosmetics. Increasing digitalization and urbanization with the increased standard of living of the people and attraction towards online shopping led to a growing market of premium cosmetics during the forecast period.
On the basis of nature, the continuous research and development with the launch of new cosmetic products with innovative development of the cosmetic products with increased efficiency of the product with increased properties and fewer side effects of the premium cosmetics have helped to drive the market of premium cosmetics. Majorly cosmetics are chemically derived which are conventional a number of cosmetics are derived naturally which is organic. Chemically derived cosmetics hold the largest market growth with an increased revenue share of the premium cosmetic products helped to propel the market of premium cosmetics during the forecast period with rising demands from the customer for premium cosmetics and enhance the growth rate to a larger extent.
On the basis of gender, the female gender which holds the largest market growth with increased revenue share with increased utilization of cosmetics by the female increased application of cosmetics by the female with increased efficiency of cosmetic products with increased properties has helped to grow the market of premium cosmetics. Increased utilization of sunscreen, body lotions, and other products has led to a growing market of premium cosmetics during the forecast period. Males also contribute to expanding the market with a significant market growth rate during the forecast period of premium cosmetics.
On the basis of geography, the Asia Pacific region accounts for the largest market growth with increased production and manufacturing of cosmetic products with increased research and development in premium cosmetics with innovative development of the cosmetic products led to enhance the market of premium cosmetics during the forecast period. The increased investment from the market players for increasing the research and development with the continuous launch of the premium cosmetic products led to enhancing the market growth with an increased revenue share of the premium cosmetics. Increased demands from the customer for premium cosmetics due to increased applications of the cosmetics over the skin with increased skincare routines have led to enhancing the growth of the market with the increased rate of premium cosmetics.
North America with the second highest growth rate also contributes to growing the market of cosmetics to a larger extent. Europe, the Middle East, and Africa helped to enlarge the market of premium cosmetics.
Segment Covered in the Report
By Product
By Distribution Channel
By Nature
By Gender
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Premium Cosmetics Market
5.1. COVID-19 Landscape: Premium Cosmetics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Premium Cosmetics Market, By Product
8.1. Premium Cosmetics Market, by Product, 2023-2032
8.1.1. Fragrance
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Makeup
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Haircare
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.4. Skincare
8.1.4.1. Market Revenue and Forecast (2021-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Premium Cosmetics Market, By Distribution Channel
9.1. Premium Cosmetics Market, by Distribution Channel, 2023-2032
9.1.1. Online
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. Offline
9.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Premium Cosmetics Market, By Nature
10.1. Premium Cosmetics Market, by Nature, 2023-2032
10.1.1. Natural and Organic
10.1.1.1. Market Revenue and Forecast (2021-2032)
10.1.2. Convential
10.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 11. Global Premium Cosmetics Market, By Gender
11.1. Premium Cosmetics Market, by Gender, 2023-2032
11.1.1. Male
11.1.1.1. Market Revenue and Forecast (2021-2032)
11.1.2. Female
11.1.2.1. Market Revenue and Forecast (2021-2032)
11.1.3. Unisex
11.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 12. Global Premium Cosmetics Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2021-2032)
12.1.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.1.3. Market Revenue and Forecast, by Nature (2021-2032)
12.1.4. Market Revenue and Forecast, by Gender (2021-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.1.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.1.5.3. Market Revenue and Forecast, by Nature (2021-2032)
12.1.5.4. Market Revenue and Forecast, by Gender (2021-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.1.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.1.6.3. Market Revenue and Forecast, by Nature (2021-2032)
12.1.6.4. Market Revenue and Forecast, by Gender (2021-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.2.3. Market Revenue and Forecast, by Nature (2021-2032)
12.2.4. Market Revenue and Forecast, by Gender (2021-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.2.5.3. Market Revenue and Forecast, by Nature (2021-2032)
12.2.5.4. Market Revenue and Forecast, by Gender (2021-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.2.6.3. Market Revenue and Forecast, by Nature (2021-2032)
12.2.6.4. Market Revenue and Forecast, by Gender (2021-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.7.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.2.7.3. Market Revenue and Forecast, by Nature (2021-2032)
12.2.7.4. Market Revenue and Forecast, by Gender (2021-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.8.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.2.8.3. Market Revenue and Forecast, by Nature (2021-2032)
12.2.8.4. Market Revenue and Forecast, by Gender (2021-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.3.3. Market Revenue and Forecast, by Nature (2021-2032)
12.3.4. Market Revenue and Forecast, by Gender (2021-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.3.5.3. Market Revenue and Forecast, by Nature (2021-2032)
12.3.5.4. Market Revenue and Forecast, by Gender (2021-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.3.6.3. Market Revenue and Forecast, by Nature (2021-2032)
12.3.6.4. Market Revenue and Forecast, by Gender (2021-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.7.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.3.7.3. Market Revenue and Forecast, by Nature (2021-2032)
12.3.7.4. Market Revenue and Forecast, by Gender (2021-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.8.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.3.8.3. Market Revenue and Forecast, by Nature (2021-2032)
12.3.8.4. Market Revenue and Forecast, by Gender (2021-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.4.3. Market Revenue and Forecast, by Nature (2021-2032)
12.4.4. Market Revenue and Forecast, by Gender (2021-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.4.5.3. Market Revenue and Forecast, by Nature (2021-2032)
12.4.5.4. Market Revenue and Forecast, by Gender (2021-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.4.6.3. Market Revenue and Forecast, by Nature (2021-2032)
12.4.6.4. Market Revenue and Forecast, by Gender (2021-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.7.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.4.7.3. Market Revenue and Forecast, by Nature (2021-2032)
12.4.7.4. Market Revenue and Forecast, by Gender (2021-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.8.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.4.8.3. Market Revenue and Forecast, by Nature (2021-2032)
12.4.8.4. Market Revenue and Forecast, by Gender (2021-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.5.3. Market Revenue and Forecast, by Nature (2021-2032)
12.5.4. Market Revenue and Forecast, by Gender (2021-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.5.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.5.5.3. Market Revenue and Forecast, by Nature (2021-2032)
12.5.5.4. Market Revenue and Forecast, by Gender (2021-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.5.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
12.5.6.3. Market Revenue and Forecast, by Nature (2021-2032)
12.5.6.4. Market Revenue and Forecast, by Gender (2021-2032)
Chapter 13. Company Profiles
13.1. Oriflame Holding AG
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Yves Rocher International
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Avon Products
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. The Procter & Gamble Company
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. KAO Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. KAO Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Dior Beauty
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Chanel
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Shiseido
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. LVMH
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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