Global demand for premium cosmetics has reached a market value of US$ 125.1 billion in 2023 and is predicted to increase rapidly at 7.6% CAGR over the next ten years. By 2033-end, the global premium cosmetics market is forecasted to increase to a size of US$ 261 billion.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Premium Cosmetics market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Premium Cosmetics market.
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Key findings of the Premium Cosmetics market study:
- Regional breakdown of the Premium Cosmetics market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Premium Cosmetics vendors in detail.
- Region-wise and country-wise fragmentation of the Premium Cosmetics market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Premium Cosmetics market.
Key Companies Profiled
- Coty
- Estée Lauder
- LVMH
- The Procter & Gamble Company (P&G)
- Revlon Inc.
- Avon Products Inc.
- Shiseido
- Chanel
- L’Oreal S.A.
- KAO Corporation
- Oriflame Holding A.G.
Competitive Landscape
Top-tier premium cosmetics suppliers are also penning agreements new agreements to acquire and merge with new companies to expand their business scope and enlarge their share in the global landscape.
- In January 2022, Beiersdorf, a leading manufacturer and retailer of personal care products, announced that it had acquired Chantecaille, a premium cosmetics business founded in 1997. This acquisition strengthened Beiersdorf’s luxury skincare portfolio and enhanced its position in the global competitive landscape.
Additional new developments by leading premium cosmetics vendors have been listed and discussed in this latest Fact.MR research study.
Key Segments of Premium Cosmetics Industry Research
- By Product Type :
- Skincare
- Hair Care
- Makeup
- Fragrance
- Others
- By Distribution Channel :
- Online
- Offline
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Queries addressed in the Premium Cosmetics market report:
- Why are the Premium Cosmetics market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Premium Cosmetics market?
- Which regions are displaying the fastest growth in the Premium Cosmetics market?
- What are the underlying micro- macroeconomic factors affecting the global Premium Cosmetics market?
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