Global Prestige Beauty Market Report 2020-2025: Augmented Number of Tech-Savvy Customers, Online & Offline Availability of Branded Products, Changing Lifestyles, Inclination Towards Individualism
DUBLIN, Jan. 13, 2021 /PRNewswire/ -- The "Global Prestige Beauty Market Analysis by Product (Skincare, Fragrance, Makeup, Haircare), Distribution Channel, Region and Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
This research report presents the analysis of the Global Prestige Beauty Market for the historical period of 2015-2019 and the forecast period of 2020-2025.
The Global Prestige Beauty Market was valued at USD 12.65 billion in the year 2019, backed by augmented number of tech-savvy customers, online and offline availability of branded products worldwide, changing lifestyle, inclination towards individualism, increase in number of middle-income groups, rising demand from Chinese millennials and Gen Z. These factors are driving the demand for Prestige Beauty products.
Also, people have started giving much attention to the beauty products and have been increasing their demand for organic or chemical free cosmetics and not to face the ill effects on consuming less quality and less priced skincare or other makeup products. Moreover, a fundamental and structural shift in consumer spending trends to purchasing goods online amid the pandemic. E-commerce is a unique opportunity to make more women and men discover various brands and products. In China and emerging economies, online is the favourite channel of choice for beauty browsing and shopping.
Under the Product segment, skincare segment is anticipated to increase as the premium skin care products addresses various skin care needs and include vast variety of moisturizers, toners, serums, body care, exfoliators, cleansers, acne care and oil correctors, facial masks, cleansing devices and sun care products as per the skin product and tone. In addition, the pandemic caused significant damage to the balance sheets of brands, retailers, and suppliers, and many companies would require to look for new sources of capital.
Also, the crisis is likely to accelerate trends that were already shaping the market, such as the rise in the use of e-commerce and the global middle class. Nonetheless, crisis has brought substantial shifts in demand and the pace of innovation has also been accelerated. Even before the pandemic, the brands were under pressure to update their product-innovation pipelines to meet the demand and needs of the consumer.
On the basis of Distribution Channel, a decent growth is estimated in online sales platform because of vast variety of diversified products, ease of shopping and possibility of availing offers and discount.
Among the regions, Asia Pacific is the largest market of prestige beauty products. Factors such as change in lifestyle, increasing purchasing power, rise in online platforms are factors escalating the market growth of Prestige Beauty Market in the region. Furthermore, Asia Pacific region is anticipated to witness the highest CAGR on the back of rising brand awareness and rise in demand for best quality cosmetics by millennial and youngsters.
Key Topics Covered:
1. Report Scope and Methodology
1.1 Research Methodology
1.2 Executive Summary
2. Strategic Recommendations
3. Global Prestige Beauty Market: Product Outlook
4. Global Prestige Beauty Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2015-2025
5. Global Prestige Beauty Market Segmentation By Product (By Value)
5.1 Competitive Scenario of Global Prestige Beauty Market - By Product
5.2 By Skincare - Market Size and Forecast (2020-2025)
5.3 By Fragrance - Market Size and Forecast (2020-2025)
5.4 By Makeup - Market Size and Forecast (2020-2025)
5.5 By Haircare - Market Size and Forecast (2020-2025)
6. Global Prestige Beauty Market Segmentation By Distribution Channel (By Value)
6.1 Competitive Scenario of Global Prestige Beauty Market - By Product
6.2 By Online - Market Size and Forecast (2020-2025)
6.3 By Offline - Market Size and Forecast (2020-2025)
7. Global Prestige Beauty Market: Regional Analysis
7.1 Competitive Scenario of Global Prestige Beauty: By Region
8. North America Prestige Beauty Market: An Analysis (2020-2025)
8.1 North America Prestige Beauty Market: Size and Forecast, By Value (2020-2025)
8.2 North America Prestige Beauty Market - Prominent Companies
8.3 Market Segmentation By Product (Skincare, Fragrance, Makeup and Haircare)
8.4 Market Segmentation By Distribution Channel (Online and Offline)
8.5 North America Prestige Beauty Market: Country Analysis
8.6 Market Opportunity Chart of North America Prestige Beauty Market - By Country, By Value (Year-2025)
8.7 Competitive Scenario of North America Prestige Beauty: By Country
8.8 United States Prestige Beauty Market: Size and Forecast (2020-2025)
8.9 United States Prestige Beauty Market Segmentation By Product and Distribution Channel
8.10 Canada Prestige Beauty Market Size and Forecast (2020-2025)
8.11 Canada Prestige Beauty Market Segmentation By Product and Distribution Channel
9. Europe Prestige Beauty Market: An Analysis (2020-2025)
10. APAC Prestige Beauty Market: An Analysis (2020-2025)
11. Global Prestige Beauty Market Dynamics
11.1 Global Prestige Beauty Market Drivers
11.2 Global Prestige Beauty Market Restraints
11.3 Global Prestige Beauty Market Trends
12. Market Attractiveness
12.1 Market Attractiveness Chart of Global Prestige Beauty Market - By Product (Year 2025)
12.2 Market Attractiveness Chart of Global Prestige Beauty Market - By Distribution Channel (Year 2025)
12.3 Market Attractiveness Chart of Global Prestige Beauty Market - By Region, By Value, (Year-2025)
13. Competitive Landscape
13.1 Market Share Analysis
14. Company Profiles (Business Description, Financial Analysis, Business Strategy)
14.1 THG (The Hut Group)
14.2 Estee Lauder Companies Inc.
14.3 L'Oreal
14.4 Isabel Marant
14.5 Shiseido Company, Limited
14.6 Coty Inc.
14.7 Louis Vuitton Moet Hennessy (LVMH)
14.8 Chanel
14.9 Clarins
14.10 Unilever
For more information about this report visit https://www.researchandmarkets.com/r/h08uqi
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