Market Summary
Research Methodology on Premium Cosmetics Market
Abstract
This research report provides an assessment of the global premium cosmetics market and offers insights into the potential opportunities that exist for market participants. Specifically, it looks into the historical market trends, future growth potential, key drivers, key challenges, pricing trends and competitive landscape of the global premium cosmetics market. The report also analyses the impact of market forces on various segments of the global premium cosmetics market and identifies their future growth prospects.
Introduction
The global premium cosmetics market is a rapidly expanding industry due to rising consumer demand for high-end skincare products, bath and body care products, makeup and fragrances. The market is witnessing robust growth due to the changing lifestyles of people and the increasing disposable incomes of consumers in developing economies. The growth factors associated with the premium cosmetics market are the entry of numerous cosmetics makers and aggressive marketing by these companies. In addition, certain advancements have made premium cosmetics more accessible to the masses, increasing their reach and the demand for these products in markets such as India and China.
The target audience for premium cosmetics includes women of various demographics. Of these, millennials have become an important consumer demographic, due to their growing financial independence and inclination towards personal appearance. This creates tremendous potential for the global premium cosmetics market by driving the demand for new products and innovations.
Research Methodology
The research for the report on the global premium cosmetics market has been conducted using an in-depth market study and analysis of secondary sources. An extensive review of the market, including the drivers, trends, and challenges that are likely to shape the market's growth in the next seven years has been conducted. The market dynamics have been studied in detail by researchers which include market trends, pricing trends, competition analysis and market forces.
Primary research
To ensure the accuracy and reliability of the data used for the research report, primary research forms a core component of the research methodology. This source of information includes interviews, surveys and inputs from industry experts and industry body representatives. The primary research provides need-specific and accurate insights that help in understanding the regional market dynamics and formulating strategies to capitalize on regional opportunities. Additionally, insights from focus groups and field research studies are used to gain an understanding of the market trends.
Secondary Research
The secondary research involves extensive research of the relevant literature, including online and offline research. Industry-related news articles, economic reports, company profiles, industry journals, and the latest product launches were closely observed to identify the key market trends. The research study also includes a review of the regulatory framework, company SWOT analysis, and Porter’s five forces analysis. The data collected from the secondary research was then validated through primary research.
Market sizing
The market size for the premium cosmetics market was assessed using the bottom-up approach, which focuses on calculating the total revenue of both leading and emerging players. The market size presented in the report is the result of in-depth secondary research, primary interviews and data gathered from industry experts and market participants.
Data triangulation
Data triangulation involves verification of the data gathered during the primary and secondary research with data from industry experts and industry body databases. The data triangulation methodology was adopted to ensure the accuracy of the data and to properly analyze the segments of the global premium cosmetics market.
Report structure
The research report on the global premium cosmetics market is composed of an executive summary, market overview, detailed market segmentation, market dynamics, competitive landscape and company profiles. The report is structured to provide a comprehensive overview of the key market trends, historical market values, and technological advancements that are likely to shape the future of the global premium cosmetics market.
Conclusion
The research report on the global premium cosmetics market provides insights into the key market drivers, challenges, and potential opportunities for market participants. It also includes detailed market data and estimations on the size of the market and the growth rate over the forecast period 2023 to 2030. The report offers a comprehensive need-specific assessment of the key market segments and the competitive landscape to help stakeholders make informed decisions.
Market Size & Forecast
| Attribute/Metric | Details |
| Market Size 2023 | USD 11.37 billion |
| Market Size 2024 | USD 12.20 billion |
| Market Size 2032 | USD 19.98 billion |
| Compound Annual Growth Rate (CAGR) | 6.36% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | The Unilever Group (UK), L’Oréal S.A. (France), Maesa Ecommerce Inc (US), The Estée Lauder Companies Inc. (US), Bare Escentuals Inc. (US), Shiseido Company (Japan), King Kylie LLC (US), Christian Dior SE (France), Anastasia Beverly Hills Inc. (US), and Chanel SAS (France) |
| Key Market Opportunities | · New product introductions in the high-end cosmetics |
| Key Market Dynamics | · Rising consciousness about skincare among consumers · A growing interest in premium cosmetics care products for healthy, radiant skin. |
Major Players
Market Segmentation
Premium Cosmetics Market Product Type Outlook (USD Billion, 2018-2032)
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
Premium Cosmetics Market Distribution Channel Outlook (USD Billion, 2018-2032)
- Store-Based
- Non-Store-Based
Premium Cosmetics Market Regional Outlook (USD Billion, 2018-2032)
- North America Outlook (USD Billion, 2018-2032)
- North America Premium Cosmetics Market by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- North America Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- US Outlook (USD Billion, 2018-2032)
- US Premium Cosmetics Market by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- US Premium Cosmetics Market by Distribution Channel
- Stores-Based
- Non-Store-Based
- CANADA Outlook (USD Billion, 2018-2032)
- CANADA Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- CANADA Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Europe Outlook (USD Billion, 2018-2032)
- Europe Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Europe Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Germany Outlook (USD Billion, 2018-2032)
- Germany Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Germany Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- France Outlook (USD Billion, 2018-2032)
- France Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- France Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- UK Outlook (USD Billion, 2018-2032)
- UK Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- UK Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- ITALY Outlook (USD Billion, 2018-2032)
- ITALY Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- ITALY Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- SPAIN Outlook (USD Billion, 2018-2032)
- Spain Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Spain Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Rest Of Europe Outlook (USD Billion, 2018-2032)
- Rest Of Europe Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- REST OF EUROPE Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Asia-Pacific Outlook (USD Billion, 2018-2032)
- Asia-Pacific Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Asia-Pacific Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- China Outlook (USD Billion, 2018-2032)
- China Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- China Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Japan Outlook (USD Billion, 2018-2032)
- Japan Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Japan Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- India Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- India Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Australia Outlook (USD Billion, 2018-2032)
- Australia Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Australia Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)
- Rest of Asia-Pacific Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Rest of Asia-Pacific Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Rest of the World Outlook (USD Billion, 2018-2032)
- Rest of the World Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Rest of the World Premium Cosmetics Market by Distribution Channel
- Rest of the World Premium Cosmetics by Product Type
- Store-Based
- Non-Store-Based
- Middle East Outlook (USD Billion, 2018-2032)
- Middle East Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Middle East Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Africa Outlook (USD Billion, 2018-2032)
- Africa Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Africa Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
- Latin America Outlook (USD Billion, 2018-2032)
- Latin America Premium Cosmetics by Product Type
- Face Products
- Eyes Products
- Lips Products
- Perfumes
- Others
- Latin America Premium Cosmetics Market by Distribution Channel
- Store-Based
- Non-Store-Based
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