Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Premium Cosmetics Market Size Expected to Grow from USD 158.4 Billion in 2023 to USD 336.3 Billion by 2033, at a CAGR of 7.82% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Premium Cosmetics Market Size, Share, and COVID-19 Impact Analysis, By Product (Skin Care, Hair Care, and Color Cosmetics), By Distribution Channel (Supermarkets & Hypermarkets, Specialty Beauty Stores, Pharmacies and Drugstores, Online/E-commerce, and Others), By End Use (Men and Women), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The premium cosmetics market for high-end, luxury-focused beauty and personal care products that are frequently offered at premium prices is known as the global premium cosmetics market. These goods are usually linked to fancy packaging, unusual ingredients, and cutting-edge formulas. Increased demand from the market for cosmetics that improve a person's appearance by altering their appearance with the aid of premium cosmetics developed in the market, increased production of premium cosmetics, increased research and development in the cosmetics industry, and increased public awareness of the developed premium cosmetics. Furthermore, the market for high-end cosmetics is being supported and regulated by governments around the world. However, the market growth rate of premium cosmetics may slow down throughout the projection period due to the high number of companies producing these goods and the expanded variety of cosmetics available.
The skin care segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of product, the global premium cosmetics market is divided into skin care, hair care, and color cosmetics. Among these, the skin care segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is driven because to preserve healthy, youthful skin, customers are consequently taking a more preventive approach to skincare.
The supermarkets & hypermarkets segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of distribution channel, the global premium cosmetics market is divided into supermarkets & hypermarkets, specialty beauty stores, pharmacies and drugstores, online/E-commerce, and others. Among these, the supermarkets & hypermarkets segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. This is due to supermarkets giving customers the opportunity to physically appearance, test, and experience these benefits through a free sample trial before purchasing, which increases their confidence and contentment with their selections.
The women segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of end-use, the global premium cosmetics market is divided into men and women. Among these, the women segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth can be attributed because women have always been the primary focus of cosmetics and personal skin care routines.
Asia Pacific is anticipated to hold the largest share of the global premium cosmetics market over the predicted timeframe.
Asia Pacific is anticipated to hold the largest share of the global premium cosmetics market over the predicted timeframe. The regional premium cosmetics sector is driven by a demographic that places a high value on beauty and personal care as well as the opening of foreign brand outlets in urban and metropolitan areas. Moreover, a widespread awareness regarding the carcinogenic effects of synthetic and low-cost chemicals on the skin and their long-term impact on body health has led to a surge in demand for plant-based, natural, and organic beauty products.
North America is expected to grow at the fastest CAGR in the global premium cosmetics market during the forecast period. Regional customers' spending has increased as a result of their financial well-being with a well-established retail infrastructure and a wide range of distribution channels. Premium brands are widely available on e-commerce platforms, supermarkets with premium lines, specialty beauty shops, and well-known department stores. Additionally, a significant regional share is accounted for by improved brand recognition, awareness, and demand growth brought about by celebrity endorsements, social media influencer collaborations, and focused advertising efforts.
Company Profiling
Major vendors in the global premium cosmetics market are Shiseido Co., Ltd., CHANEL, DIOR, Kao Corporation, Elizabeth Arden, YSL Beauty, The Estée Lauder Companies (ELC), L’Oréal Groupe, Coty Inc., LVMH, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global premium cosmetics market based on the below-mentioned segments:
Global Premium Cosmetics Market, By Product
Global Premium Cosmetics Market, By Distribution Channel
Global Premium Cosmetics Market, By End-user
Global Premium Cosmetics Market, Regional
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