Press release
Premium Beauty and Personal Care Products Market: Rising Disposable Income and Trend Towards Self-Care Boost Size and Share Till 2030
In 2023, the market for Premium Beauty and Personal Care Products was estimated to be worth USD 390 billion. It is anticipated to expand at a CAGR of 6.79% from 2023 to 2031, reaching USD 750 billion by 2030. Premium beauty and personal care products are high-end cosmetics and grooming items that are designed to provide superior quality, performance, and luxury experiences. These products often contain higher concentrations of active ingredients, innovative formulations, and unique packaging designs that set them apart from more affordable alternatives. Premium beauty and personal care products are typically marketed towards consumers who are willing to invest more in their appearance and self-care. They are often seen as status symbols, with many people associating them with luxury lifestyles and high-end brands.
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The Key companies profiled in the Premium Beauty and Personal Care Products Market:
The study examines the Premium Beauty and Personal Care Products Market's competitive landscape and includes data on L'Oreal, Procter & Gamble, Mary Kay, Estee Lauder, Avon Products, Kao, Unilever, Shiseido, Revlon, Beiersdorf & Others.
Global Premium Beauty and Personal Care Products Market Split by Product Type and Applications
This report segments the Premium Beauty and Personal Care Products Market on the basis of Types:
Premium Skin Care
Premium Fragrances
Premium Color Cosmetics
Premium Haircare
Others
On the basis of Application, the Premium Beauty and Personal Care Products Market is segmented into:
Supermarkets and Hypermarkets
Specialist Retailers
Independent Retailers
E-commerce
The market drivers for the premium beauty and personal care products market are primarily driven by consumer demand for high-quality, luxury products that offer superior performance and efficacy. This demand is fueled by factors such as increasing disposable incomes, changing lifestyles, and growing awareness about the benefits of premium beauty and personal care products. Additionally, the rise of social media and influencer marketing has played a significant role in shaping consumer preferences and driving demand for premium products.
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In regions such as Europe and North America, premium beauty and personal care products have a high penetration rate due to the presence of a large number of high-end cosmetic brands and a large consumer base with high disposable incomes. On the other hand, in regions such as Asia and Africa, premium beauty and personal care products are gaining popularity due to the rising middle class and increasing consumer awareness about the benefits of high-end products. In terms of market trends, the premium beauty and personal care products market is expected to witness significant growth in the coming years due to factors such as the increasing demand for organic and natural products, the rise of e-commerce, and the growing popularity of social media influencers. Additionally, the increasing popularity of self-care and wellness trends is also expected to drive the growth of the premium beauty and personal care products market.
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Market Segmentation:
Premium Beauty and Personal Care Products market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The dynamics of the premium beauty and personal care products market in the consumer goods industry are driven by various factors, including consumer preferences, changing lifestyles, and advancements in technology. Consumers are increasingly seeking high-quality, natural, and sustainable products that offer a range of benefits, such as anti-aging, skincare, and hair care. The rise of e-commerce and direct-to-consumer sales channels has made it easier for consumers to access premium products and has also led to an increase in competition among brands. Additionally, the growing trend towards self-care and wellness has led to an increase in demand for premium beauty and personal care products.
Major Point of Table of Contents:
Chapter 1 Premium Beauty and Personal Care Products Market Overview
Chapter 2 Company Profiles
Chapter 3 Premium Beauty and Personal Care Products Market Competition, by Players
Chapter 4 Premium Beauty and Personal Care Products Market Size Segment by Type
Chapter 5 Premium Beauty and Personal Care Products Market Size Segment by Application
Chapter 6 North America by Country, by Type, and by Application
Chapter 7 Europe by Country, by Type, and by Application
Chapter 8 Asia-Pacific by Region, by Type, and by Application
Chapter 9 South America by Country, by Type, and by Application
Chapter 10 Middle East & Africa by Country, by Type, and by Application
Chapter 11 Research Findings and Conclusion
Chapter 12 Appendix...
Global Premium Beauty and Personal Care Products Market Research FAQs
1. Does your report cover values in USD as well as Tons?
2. Do you cover data in value as well as in volume?
3. What is the report publishing date?
4. Do you cover additional players on demand?
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About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
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