NEW YORK, March 9, 2023 /PRNewswire/ -- According to Technavio, the global online premium cosmetics market size is estimated to grow by USD 9,515.73 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.78% during the forecast period. Moreover, the growth momentum will accelerate. The rise in aging population is driving the online premium cosmetics market growth. For more insights on the historic data (2017 to 2021), and forecast market size (2023 to 2027) - Request a sample report
Anti-aging products are becoming more popular globally, with the rise in the aging population. The skin becomes thinner and loses fat, firmness, and texture with age. Moreover, prolonged exposure to the sun can lead to wrinkles, dryness, and aging skin. Cosmetics with anti-aging properties contain various substances such as resveratrol and carotene. They have natural antioxidant properties, which prevent premature aging of the skin. Therefore, the rise in the aging population is expected to increase the demand for anti-aging cosmetic products, which, in turn, will drive the growth of the market during the forecast period.
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Online premium cosmetics market - Segmentation assessment
Segment Overview
Technavio has segmented the market based on product (skincare, makeup, haircare, and others) and end-user (women and men).
- The skincare segment will account for a significant share of the market growth during the forecast period. Some examples of skincare products include topical creams, lotions, toners, exfoliators, and serums for the skin. Such products are used for applications such as anti-aging, skin-whitening, and sun protection. The increase in aging population and advances in manufacturing technology are driving the growth of this segment.
Geography overview
Based on geography, the global online premium cosmetics market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global online premium cosmetics market.
- APAC is estimated to account for 47% of the growth of the global market during the forecast period. The ease of access to online shopping through the internet and smart gadgets is driving the growth of the regional market. In addition, rapid urbanization, increasing penetration of smartphones and the internet, high population density, and rising demand for personal grooming products will likely drive market growth in APAC during the forecast period.
Insights on the market contribution of various segments, including country and region-wise data, historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a sample report
Online premium cosmetics market – Market Dynamics
Leading trends influencing the market
- An increase in online retailing is a key trend in the market.
- Access to online shopping platforms is increasing owing to the rising internet penetration and the high availability of smart devices.
- Retailers use online platforms to expand their geographic reach and customer base.
- Online shopping is convenient and offers advanced security features.
- Most vendors that offer premium cosmetic products sell their products through e-commerce sites. For instance, Sephora has a strong presence through offline and online distribution channels.
- Such vendors offer various discounts and provide important information such as product features.
- Such advantages will drive the growth of the market during the forecast period.
Major challenges hindering the market growth
- The high cost of cosmetic skincare products is challenging the market growth.
- Some cosmetic skincare products have expensive ingredients, such as gold, caviar extract, saffron, rose, jasmine essential oils, and arginine.
- Hence, the prices of these products are high.
- Packaging and advertising costs further increase the final price of the product.
- Companies also use expensive antioxidants and nourishing ingredients such as peptides and retinol in their products.
- They are investing significantly in developing innovative cosmetics and skincare products that are efficient and safe for users.
- Thus, the high cost of cosmetic skin care products will hinder the growth of the market during the forecast period.
Insights on market drivers, trends, and challenges, historic period (2017 to 2021), and forecast period (2023 to 2027)- Request a sample report!
What are the key data covered in this online premium cosmetics market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the online premium cosmetics market between 2023 and 2027
- Precise estimation of the size of the online premium cosmetics market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the online premium cosmetics market across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of online premium cosmetics market vendors
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Online Premium Cosmetics Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.78% |
Market growth 2023-2027 |
USD 9,515.73 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
3.76 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled |
Amorepacific Corp., Avon Products Inc., Clarins Pte Ltd., Dambiro de, Hermes International SA, Johnson and Johnson, Kao Corp., Kose Corp., LOccitane Groupe SA, LVMH Moet Hennessy Louis Vuitton SE, Manash Lifestyle Pvt. Ltd., PUIG S.L., Shiseido Co. Ltd., CHANEL Ltd., LOreal SA, Oriflame Holding AG, Revlon Inc., The Procter and Gamble Co., The Estee Lauder Co. Inc., and Unilever PLC |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global online premium cosmetics market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global online premium cosmetics market 2017 - 2021 ($ million)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Skincare - Market size and forecast 2022-2027
- Exhibit 34: Chart on Skincare - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Skincare - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Skincare - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Skincare - Year-over-year growth 2022-2027 (%)
- 6.4 Makeup - Market size and forecast 2022-2027
- Exhibit 38: Chart on Makeup - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Makeup - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Makeup - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Makeup - Year-over-year growth 2022-2027 (%)
- 6.5 Haircare - Market size and forecast 2022-2027
- Exhibit 42: Chart on Haircare - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Haircare - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Haircare - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Haircare - Year-over-year growth 2022-2027 (%)
- 6.6 Others - Market size and forecast 2022-2027
- Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Product
- Exhibit 50: Market opportunity by Product ($ million)
- Exhibit 51: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 52: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 53: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 54: Chart on Comparison by End-user
- Exhibit 55: Data Table on Comparison by End-user
- 7.3 Women - Market size and forecast 2022-2027
- Exhibit 56: Chart on Women - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Women - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Women - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Women - Year-over-year growth 2022-2027 (%)
- 7.4 Men - Market size and forecast 2022-2027
- Exhibit 60: Chart on Men - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Men - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Men - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Men - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by End-user
- Exhibit 64: Market opportunity by End-user ($ million)
- Exhibit 65: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2022-2027 (%)
- Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Japan - Market size and forecast 2022-2027
- Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 Canada - Market size and forecast 2022-2027
- Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ million)
- Exhibit 112: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 116: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 117: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 12.3 CHANEL Ltd.
- Exhibit 119: CHANEL Ltd. - Overview
- Exhibit 120: CHANEL Ltd. - Business segments
- Exhibit 121: CHANEL Ltd. - Key offerings
- Exhibit 122: CHANEL Ltd. - Segment focus
- 12.4 Clarins Pte Ltd.
- Exhibit 123: Clarins Pte Ltd. - Overview
- Exhibit 124: Clarins Pte Ltd. - Product / Service
- Exhibit 125: Clarins Pte Ltd. - Key offerings
- 12.5 Dambiro de
- Exhibit 126: Dambiro de - Overview
- Exhibit 127: Dambiro de - Product / Service
- Exhibit 128: Dambiro de - Key offerings
- 12.6 Hermes International SA
- Exhibit 129: Hermes International SA - Overview
- Exhibit 130: Hermes International SA - Business segments
- Exhibit 131: Hermes International SA - Key offerings
- Exhibit 132: Hermes International SA - Segment focus
- 12.7 Kao Corp.
- Exhibit 133: Kao Corp. - Overview
- Exhibit 134: Kao Corp. - Business segments
- Exhibit 135: Kao Corp. - Key offerings
- Exhibit 136: Kao Corp. - Segment focus
- 12.8 Kose Corp.
- Exhibit 137: Kose Corp. - Overview
- Exhibit 138: Kose Corp. - Product / Service
- Exhibit 139: Kose Corp. - Key offerings
- 12.9 LOreal SA
- Exhibit 140: LOreal SA - Overview
- Exhibit 141: LOreal SA - Business segments
- Exhibit 142: LOreal SA - Key news
- Exhibit 143: LOreal SA - Key offerings
- Exhibit 144: LOreal SA - Segment focus
- 12.10 LVMH Moet Hennessy Louis Vuitton SE
- Exhibit 145: LVMH Moet Hennessy Louis Vuitton SE - Overview
- Exhibit 146: LVMH Moet Hennessy Louis Vuitton SE - Business segments
- Exhibit 147: LVMH Moet Hennessy Louis Vuitton SE - Key news
- Exhibit 148: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
- Exhibit 149: LVMH Moet Hennessy Louis Vuitton SE - Segment focus
- 12.11 Oriflame Holding AG
- Exhibit 150: Oriflame Holding AG - Overview
- Exhibit 151: Oriflame Holding AG - Business segments
- Exhibit 152: Oriflame Holding AG - Key offerings
- Exhibit 153: Oriflame Holding AG - Segment focus
- 12.12 PUIG S.L.
- Exhibit 154: PUIG S.L. - Overview
- Exhibit 155: PUIG S.L. - Product / Service
- Exhibit 156: PUIG S.L. - Key offerings
- 12.13 Revlon Inc.
- Exhibit 157: Revlon Inc. - Overview
- Exhibit 158: Revlon Inc. - Business segments
- Exhibit 159: Revlon Inc. - Key offerings
- Exhibit 160: Revlon Inc. - Segment focus
- 12.14 Shiseido Co. Ltd.
- Exhibit 161: Shiseido Co. Ltd. - Overview
- Exhibit 162: Shiseido Co. Ltd. - Product / Service
- Exhibit 163: Shiseido Co. Ltd. - Key offerings
- 12.15 The Estee Lauder Co. Inc.
- Exhibit 164: The Estee Lauder Co. Inc. - Overview
- Exhibit 165: The Estee Lauder Co. Inc. - Product / Service
- Exhibit 166: The Estee Lauder Co. Inc. - Key offerings
- 12.16 The Procter and Gamble Co.
- Exhibit 167: The Procter and Gamble Co. - Overview
- Exhibit 168: The Procter and Gamble Co. - Business segments
- Exhibit 169: The Procter and Gamble Co. - Key news
- Exhibit 170: The Procter and Gamble Co. - Key offerings
- Exhibit 171: The Procter and Gamble Co. - Segment focus
- 12.17 Unilever PLC
- Exhibit 172: Unilever PLC - Overview
- Exhibit 173: Unilever PLC - Business segments
- Exhibit 174: Unilever PLC - Key news
- Exhibit 175: Unilever PLC - Key offerings
- Exhibit 176: Unilever PLC - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 177: Inclusions checklist
- Exhibit 178: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 179: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 180: Research methodology
- Exhibit 181: Validation techniques employed for market sizing
- Exhibit 182: Information sources
- 13.5 List of abbreviations
- Exhibit 183: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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