Press release
Branded Premium Cosmetics Market Driving Factors, Covid-19 Insight Analysis, Top Manufacturers 2019 to 2029 | L’Oréal, LVMH, Estée Lauder, Coty and others
"Increasing consumer spending on exclusive and superior quality products along with an accelerated internet retailing impetus, drives the growth of premium cosmetics market across the globe," says the Fact.MR report.
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Premium Cosmetics Market: Key Findings
Skincare products hold the largest market share of 41%, with rising levels of consumption through the forecast period.
Online distribution channels to display faster growth rates than offline channels at 8% CAGR.
Makeup and fragrance products to become the fastest growing segments on the back of sweat and waterproof characteristics.
Asia Pacific regional markets to account for the largest and fastest growing regions, owing to demand from emerging economies, particularly China and Japan.
Premium Cosmetics Market: Key Driving Factors
Rising levels of consumer awareness about product quality features, premium ingredients to bolster revenue instreams.
Demand for proven products of higher efficacy and active ingredients to influence consumption.
Frequent product innovations and high diversity in consumer preference contribute to growth.
For More Detailed Information about Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=4489
Premium Cosmetics: Key Market Restraints
Limited range of product preservatives, restrain product manufacturing processes.
Exit of the United Kingdom from the EU to increase uncertainty and instability for the market in Europe.
Competition Landscape
The global premium cosmetics market is largely oligopolistic. While industry leaders continue to maintain their strategic focus on the growing numbers of working women, the rising middle class, and better economies, premium men's cosmetics will also be their priority in the coming years. New launches that meet the parameters of comfort and affordability will be an important strategic move of key market players. Manufacturers are also anticipated to focus on tech innovations, and mergers and acquisitions. The report has profiled some of the major players in global premium cosmetics market, which include but are not limited to, L'Oréal S.A., LVMH, Estee Lauder, Chanel S.A., Coty Inc., Shiseido, The Procter & Gamble Company, and KAO Corporation.
About the Report
This 250+ pages study provides detailed forecast data on the premium cosmetics market. The key categories covered in the report include product type (skincare, haircare, makeup, and fragrance), distribution channel (offline and online), and 25+ countries in key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Press Release- https://www.factmr.com/media-release/1270/global-premium-cosmetics-market
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About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.
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