Press release
Global Luxury Beauty Market Expected to reach USD $530 billion by 2022, Key Players - Loreal, P&G, Estee Lauder, Shiseido, Unilever, LVMH, Chanel, PPG, Amorepacific
Global Luxury Beauty Market
The cosmetics market is booming business which is a heterogeneous mixture of skin care products, hair products, deodorants and the list continues to comprise of products that are ever expanding. Rising beauty standards, urbanization, increase in disposable incomes, changing lifestyles, etc are few of the reasons that have ensured the beauty market stay at the top of the game for years now.
Explore More Information about report @
https://www.researchcosmos.com/reports/global-luxury-beauty-market-report-2018-industry-analysis-trends-and-market-overview/8630029
The luxury or prestige beauty market constitutes of 22% of the global beauty market and is estimated to rise from USD 439 billion in 2016 to USD 530 billion by 2022, registering a CAGR of 5.0% growth. Currently, North America has over 25% market share, Western Europe has 18% and the leader is Asia Pacific with 37% market share. The high-growth in the North American regions is attributed to high-income classes of the nation while the growth in Asia Pacific, which has very low high-income classes is bolstered by the fact that these regions are focussed on natural based products, the rising urbanization and other parameters.
Therefore, Asia Pacific is expected to clock in 29% growth up to 2022. Increasing FDI is also a major booster for the luxury beauty industry globally. This enables tapping in yet to explore markets. For example, the FDI in India was around $31 billion, China around $28 billion and US around $27 billion in 2015. With FDI regulations getting easier and the luxury market becoming stronger, the numbers just keep going up. Global key players of this market are Loreal with 28% market share, Unilever with 20.5%, The Estee Lauders Company with 11.4%, and the rest among Burt’s Bees, Aubrey Organics, Oriflame, etc. There is also a recorded 24% growth in the worldwide online cosmetic sales for the luxury market. It is to be noted that the luxury beauty market contributes to 40% of the worldwide cosmetics market growth.
Request free sample @
https://www.researchcosmos.com/request/global-luxury-beauty-market-report-2018-industry-analys/8630029
Today, luxury beauty market is dominated by organics, and other cruelty-free ingredient made cosmetics. Focus on variety and expansion of existing product lines to incorporate cosmetics for various races of the world is now the strategy of companies. With men, increasing their focus on their looks, male grooming products have itself become a booming business worldwide, and is dominated by an online channel. Rihanna’s Fenty, Kylie Jenner’s Kylie are just the few big names that have successfully lifted the luxury empire to an all new level. The status symbol associated with luxury products and the growth of the social media has caused many strata of the society to indulge in the market, contrary to older times. And with luxury firms like Oriflame expanding into various price ranges, this trend has just caught on.
Inquiry about the report @
https://www.researchcosmos.com/inquire/global-luxury-beauty-market-report-2018-industry-analys/8630029
About Us:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
LinkedIn - https://www.linkedin.com/company/market-research-cosmos
Twitter - https://twitter.com/researchcosmos
Google+ - https://plus.google.com/109756852849129986268
Facebook - https://www.facebook.com/researchcosmos/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Luxury Beauty Market Expected to reach USD $530 billion by 2022, Key Players - Loreal, P&G, Estee Lauder, Shiseido, Unilever, LVMH, Chanel, PPG, Amorepacific here
News-ID: 1380654 • Views: …
More Releases from Research Cosmos
Mobile Phone Insurance Market Size to Reach USD 32.24 Bn By 2025
The size of the Global mobile phone insurance market is estimated to reach USD 32.24 billion by 2025, growing at a CAGR of 12.5%, as per the recently published report by Research Cosmos. It is worth to claim insurance for mobile phones as we are spending a lot of money on purchasing. The policies include accidental damage, water damage, and screen cracking.
Browse details of the report @ https://www.researchcosmos.com/reports/mobile-phone-insurance-market/199557834
Growing utilization…
Social Employee Recognition Systems Market Predicted to grow at a CAGR of xx By …
Social Employee Recognition Systems Market Analysis Size, Growth rate and Overview:
Social Employee Recognition Systems Market was valued at USD xx million in 2018 and is expected to reach almost USD xx million by the end of 2025, growing at a CAGR of around xx% over the predicted period.
Throughout the world, social employee recognition systems have expanded dramatically to address the need to move away from traditional methods and programs of…
More Releases for Luxury
Global Luxury Watch Market, Global Luxury Watch Industry, Covid-19 Impact Global …
Luxury watch is a specific type of an exclusive high-end watch that has better quality of products and flawless methods used in the manufacturing process for the same. Various inventive advertising methods combined with advanced products presented by the manufacturers have created a dizzying demand for the product. These watches are a minimal improvement over conventional clocks, with sophisticated functions and features that result in their great value. In addition,…
Luxury Travel Market Is Expected To Witness Faster Growth Throughout By Type Of …
Acumen Research and Consulting has announced the addition of the "Luxury Travel Market” report to their offering.
The Luxury Travel Market Report 2018 is an in depth study analyzing the current state of the Luxury Travel Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Luxury Travel Market provides analysis of China market covering the industry trends, recent…
worldwide luxury market comprises of nine sectors including personal luxury good …
The worldwide luxury market comprises of nine sectors including personal luxury goods, personal cars, luxury hospitality, fine food, luxury cruises, fine wine and spirits, private jet, yachts and luxury furniture. Out of these sectors, luxury furniture has exhibited huge market attractiveness everywhere throughout the world. Luxury furniture raises the artistic value of hotels, restaurants, offices and homes notwithstanding different indoor and outdoor spaces. In the course of recent years, the…
Luxury Cars Rental Market Report 2018: Segmentation by Type (Compact Luxury Cars …
Global Luxury Cars Rental market research report provides company profile for Avis Budget Group, Inc., Sixt Rent-A-Car, Enterprise Rent-A-Car, The Hertz Corporation, Europcar, Al-Futtaim Group, Carzonrent, Localiza Rent A Car, Eco Rent A Car and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate,…
Luxury Apparels Market:E-commerce Spearheads Luxury Fashion Movement; Trends 201 …
Since the historic times, only the rich could afford luxury apparels. Reserved for the elite class, the luxury apparels market has boasted an esteemed clientele comprising the high net worth individuals. However, over the years several designers and fashion brands have started reaching out the broader range of customers through affordable products. Big brands such as Louis Vuitton, Prada, and Versace are expanding to developing economies, which has not only…
Power Meets Luxury - MTM-Klassen T300 Business Luxury Van
The 83rd International Motor Show in Geneva will see a world premiere in the luxury sector with the first ever presentation for the press of the MTM-Klassen T300 Business Luxury Van since Tuesday March 5th 2013. “Power meets luxury” – there is no doubt that the introduction of the unique Business Luxury Van, at 2pm in front of the MTM-Klassen Stand 2045 in Hall 2, is one of the…
