37% of Premium Cosmetics Market Growth to Originate from APAC, Segmentation By Distribution Channel, Product, Geography, Size, Share, Outlook, Forecast and Opportunity Analysis 2022-2026

NEW YORK, July 28, 2022 /PRNewswire/ — The Premium Cosmetics Market is a part of the global personal products industry within the global household and personal products sector, as categorized by Technavio. The parent global personal products industry covers products and companies engaged in research and development (R&D) and production of personal and beauty care products, including cosmetics and perfumes. Moreover, the premium cosmetics market value is set to grow by USD 51.75 billion, progressing at a CAGR of 6.6% from 2021 to 2026, as per the latest report by Technavio.

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SUMMARY OF THE RESEARCH REPORT

Segmentation Analysis & Forecasts

The premium cosmetics market is segmented by Product (skincare products, fragrances, color cosmetics, hair care products, and others) and Distribution Channel (offline distribution channel and online distribution channel).

• The market share growth in the skincare products segment will be significant during the forecast period. The skincare market is growing as both young and old women seek products to help them achieve better-looking skin.

• Though women form the largest customer segment in the global premium skincare products market, men are increasingly becoming conscious of their personal grooming and wellness.

• Therefore, to widen the customer base, vendors are in the process of launching innovative skincare products that are custom-made for men.

The premium cosmetics market is segmented by Geography (APAC, Europe, North America, South America, and Middle East and Africa).

• 37% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for premium cosmetics in APAC.

• Market growth in this region will be faster than the growth of the market in other regions.

• The rising access to online shopping through the Internet and smart gadgets will facilitate the premium cosmetics market growth in APAC over the forecast period.

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Premium Cosmetics Market Driver:

Premium Cosmetics Market Challenge:

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Vendor Insights-

• Amway Corp.

• Beiersdorf Aktiengesellschaft

• CHANEL Ltd.

• Coty Inc.

• Dambiro de

• Groupe Clarins

• Henkel AG and Co. KGaA

• Johnson and Johnson

• Kose Corp.

• Loccitane International SA

• LVMH Moet Hennessy Louis Vuitton SE

• NUDE Beauty Brands

• Oriflame Holding AG

• Revlon Inc.

• Shiseido Co. Ltd.

• The Avon Co.

• Unilever PLC

• The Procter and Gamble Co.

• Kao Corp.

• LOreal SA

• The Estee Lauder Co. Inc.

The premium cosmetics market is fragmented and the vendors are deploying growth strategies such as engaging in continuous R&D to provide products that are used by people around the world to compete in the market.

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Here are Some Similar Topics-

Online Premium Cosmetics Market by Product and Geography – Forecast and Analysis 2022-2026: The market value is set to grow by USD 15.26 billion, progressing at a CAGR of 7% from 2021 to 2026, as per the latest report by Technavio. The rise in the aging population is notably driving the online premium cosmetics market growth, although factors such as the high cost of cosmetic skincare products may impede the market growth. FIND MORE RESEARCH INSIGHTS HERE

Color Cosmetics Market in the US by Distribution Channel and Product – Forecast and Analysis 2022-2026: The market value is set to grow by USD 2.50 billion, progressing at a CAGR of 3.88% from 2021 to 2026, as per the latest report by Technavio. The US color cosmetics market is fragmented and the vendors are deploying growth strategies such as product launches, price wars, and mergers and acquisitions to compete in the market. FIND MORE RESEARCH INSIGHTS HERE

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by Distribution Channel

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

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SOURCE Technavio