Premium cosmetics market size to grow by USD 51.75 billion, Insights on the Key Drivers and Trends - Technavio

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Nov 30, 2022, 10:00 ET

NEW YORK, Nov. 30, 2022 /PRNewswire/ -- The premium cosmetics market size is projected to grow by USD 51.75 billion, progressing at a CAGR of 6.6% from 2021 to 2026. By region, the global premium cosmetics market is segmented into APAC, Europe, North America, South America, and the Middle East and Africa. APAC is estimated to contribute 37% to the growth of the global market over the forecast period. 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: The increased demand for premium skincare products drives the growth

One of the key factors driving the premium cosmetics market growth is the increased demand for premium skincare products. Rising disposable income has encouraged consumers to spend more on premium products. This has led to an increase in the demand for premium cosmetics, especially skincare products. To cater to this growing demand, market vendors are investing in innovative ingredients and technologies to develop premium products that would positively affect the health and appearance of the skin. These products are priced relatively higher than regular skincare products, thereby placing them in the premium segment. Thus, the increased demand for premium skincare products is expected to drive the growth of the global cosmetics market during the forecast period.

Premium cosmetics market: Multichannel marketing is the key trend in the market

The adoption of multichannel marketing strategies by vendors is one of the key premium cosmetics market trends that is expected to impact the industry positively in the forecast period. Consumers are increasingly engaging in social media and blogs and are educating themselves about various topics. Hence, vendors are making use of such platforms to increase awareness and promote their products. Factors such as increasing internet penetration and a growing number of smartphone users has further enabled vendors to launch marketing strategies to engage customers and increase overall sales. This trend is expected to have a positive impact on the growth of the global premium cosmetics market during the forecast period.

Download our exclusive report on the premium cosmetics market covering market challenges, vendor analysis, and growth opportunities

Premium cosmetics market: Segmentation Analysis

This market research report segments the premium cosmetics market by product (skincare products, fragrances, color cosmetics, hair care products, and others), distribution channel (offline distribution channel and online distribution channel), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. buy the report!

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario

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Related Reports:

The cosmetics market size is expected to increase by USD 78.89 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.36%. The market is segmented by type (skin care, hair care, makeup, fragrance, and others), end-user (women and men), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).
The online premium cosmetics market size is expected to increase to USD 15.26 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7%. The market is segmented by product (skincare, makeup, haircare, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Premium cosmetics market scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.6%
Market growth 2022-2026	USD 51.75 billion
Market structure	Fragmented
YoY growth (%)	5.8
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 37%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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, and The Estee Lauder Co. Inc.
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.

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 Distribution Channel
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 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 18: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers

Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments

Exhibit 25: Chart on Product - Market share 2021-2026 (%)
Exhibit 26: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 27: Chart on Comparison by Product
Exhibit 28: Data Table on Comparison by Product

5.3 Skincare products - Market size and forecast 2021-2026

Exhibit 29: Chart on Skincare products - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Data Table on Skincare products - Market size and forecast 2021-2026 ($ billion)
Exhibit 31: Chart on Skincare products - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Skincare products - Year-over-year growth 2021-2026 (%)

5.4 Fragrances - Market size and forecast 2021-2026

Exhibit 33: Chart on Fragrances - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Data Table on Fragrances - Market size and forecast 2021-2026 ($ billion)
Exhibit 35: Chart on Fragrances - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Fragrances - Year-over-year growth 2021-2026 (%)

5.5 Color cosmetics - Market size and forecast 2021-2026

Exhibit 37: Chart on Color cosmetics - Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Data Table on Color cosmetics - Market size and forecast 2021-2026 ($ billion)
Exhibit 39: Chart on Color cosmetics - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on Color cosmetics - Year-over-year growth 2021-2026 (%)

5.6 Hair care products - Market size and forecast 2021-2026

Exhibit 41: Chart on Hair care products - Market size and forecast 2021-2026 ($ billion)
Exhibit 42: Data Table on Hair care products - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Chart on Hair care products - Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on Hair care products - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026

Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Product

Exhibit 49: Market opportunity by Product ($ billion)

6 Market Segmentation by Distribution Channel

6.1 Market segments

Exhibit 50: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 51: Data Table on Distribution Channel - Market share 2021-2026 (%)

6.2 Comparison by Distribution Channel

Exhibit 52: Chart on Comparison by Distribution Channel
Exhibit 53: Data Table on Comparison by Distribution Channel

6.3 Offline distribution channel - Market size and forecast 2021-2026

Exhibit 54: Chart on Offline distribution channel - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on Offline distribution channel - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on Offline distribution channel - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Offline distribution channel - Year-over-year growth 2021-2026 (%)

6.4 Online distribution channel - Market size and forecast 2021-2026

Exhibit 58: Chart on Online distribution channel - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on Online distribution channel - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on Online distribution channel - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Online distribution channel - Year-over-year growth 2021-2026 (%)

6.5 Market opportunity by Distribution Channel

Exhibit 62: Market opportunity by Distribution Channel ($ billion)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 64: Chart on Market share by geography 2021-2026 (%)
Exhibit 65: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison

Exhibit 66: Chart on Geographic comparison
Exhibit 67: Data Table on Geographic comparison

8.3 APAC - Market size and forecast 2021-2026

Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.4 Europe - Market size and forecast 2021-2026

Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.5 North America - Market size and forecast 2021-2026

Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.6 South America - Market size and forecast 2021-2026

Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.8 US - Market size and forecast 2021-2026

Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)

8.9 China - Market size and forecast 2021-2026

Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)

8.10 Germany - Market size and forecast 2021-2026

Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.11 Japan - Market size and forecast 2021-2026

Exhibit 100: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 101: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 102: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 103: Data Table on Japan - Year-over-year growth 2021-2026 (%)

8.12 UK - Market size and forecast 2021-2026

Exhibit 104: Chart on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 105: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 106: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 107: Data Table on UK - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography

Exhibit 108: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 109: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 111: Overview on factors of disruption

10.4 Industry risks

Exhibit 112: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 113: Vendors covered

11.2 Market positioning of vendors

Exhibit 114: Matrix on vendor position and classification

11.3 Beiersdorf Aktiengesellschaft

Exhibit 115: Beiersdorf Aktiengesellschaft - Overview
Exhibit 116: Beiersdorf Aktiengesellschaft - Business segments
Exhibit 117: Beiersdorf Aktiengesellschaft - Key news
Exhibit 118: Beiersdorf Aktiengesellschaft - Key offerings
Exhibit 119: Beiersdorf Aktiengesellschaft - Segment focus

11.4 CHANEL Ltd.

Exhibit 120: CHANEL Ltd. - Overview
Exhibit 121: CHANEL Ltd. - Business segments
Exhibit 122: CHANEL Ltd. - Key offerings
Exhibit 123: CHANEL Ltd. - Segment focus

11.5 Coty Inc.

Exhibit 124: Coty Inc. - Overview
Exhibit 125: Coty Inc. - Business segments
Exhibit 126: Coty Inc. - Key offerings
Exhibit 127: Coty Inc. - Segment focus

11.6 Dambiro de

Exhibit 128: Dambiro de - Overview
Exhibit 129: Dambiro de - Product / Service
Exhibit 130: Dambiro de - Key offerings

11.7 LOreal SA

Exhibit 131: LOreal SA - Overview
Exhibit 132: LOreal SA - Business segments
Exhibit 133: LOreal SA - Key news
Exhibit 134: LOreal SA - Key offerings
Exhibit 135: LOreal SA - Segment focus

11.8 LVMH Moet Hennessy Louis Vuitton SE

Exhibit 136: LVMH Moet Hennessy Louis Vuitton SE - Overview
Exhibit 137: LVMH Moet Hennessy Louis Vuitton SE - Business segments
Exhibit 138: LVMH Moet Hennessy Louis Vuitton SE - Key news
Exhibit 139: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
Exhibit 140: LVMH Moet Hennessy Louis Vuitton SE - Segment focus

11.9 Oriflame Holding AG

Exhibit 141: Oriflame Holding AG - Overview
Exhibit 142: Oriflame Holding AG - Business segments
Exhibit 143: Oriflame Holding AG - Key offerings
Exhibit 144: Oriflame Holding AG - Segment focus

11.10 Revlon Inc.

Exhibit 145: Revlon Inc. - Overview
Exhibit 146: Revlon Inc. - Business segments
Exhibit 147: Revlon Inc. - Key news
Exhibit 148: Revlon Inc. - Key offerings
Exhibit 149: Revlon Inc. - Segment focus

11.11 Shiseido Co. Ltd.

Exhibit 150: Shiseido Co. Ltd. - Overview
Exhibit 151: Shiseido Co. Ltd. - Business segments
Exhibit 152: Shiseido Co. Ltd. - Key offerings
Exhibit 153: Shiseido Co. Ltd. - Segment focus

11.12 The Estee Lauder Co. Inc.

Exhibit 154: The Estee Lauder Co. Inc. - Overview
Exhibit 155: The Estee Lauder Co. Inc. - Business segments
Exhibit 156: The Estee Lauder Co. Inc. - Key news
Exhibit 157: The Estee Lauder Co. Inc. - Key offerings
Exhibit 158: The Estee Lauder Co. Inc. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 159: Inclusions checklist
Exhibit 160: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 161: Currency conversion rates for US$

12.4 Research methodology

Exhibit 162: Research methodology
Exhibit 163: Validation techniques employed for market sizing
Exhibit 164: Information sources

12.5 List of abbreviations

Exhibit 165: List of abbreviations

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