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Premium Cosmetics Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Premium Cosmetics Market
Premium Cosmetics Market Size, Growth Rate, And Forecast
The global premium cosmetics market size grew from $119.49 billion in 2022 to $133.22 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The premium cosmetics market size is expected to grow to $187.45 billion in 2027 at a CAGR of 8.9%.
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Premium Cosmetics Market Drivers
The rising demand for natural cosmetics is expected to propel the growth of the premium cosmetics market going forward. Natural cosmetics are products that are made entirely from natural ingredients and contain only trace amounts of synthetic ingredients such as petrochemicals and parabens. As chemicals such as parabens, phthalates, and sodium lauryl sulfate are linked to health risks, people believe that natural compounds are safer for both human health and the environment.
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Premium Cosmetics Market Segments
• By Product Type: Skin Care, Hair Care, Fragrances and Perfumes, Sun Care, Baby Care, Other Product Types
• By Nature: Natural and Organic, Conventional
• By Gender: Male, Female, Unisex
• By Distributional Channel: Offline, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the premium cosmetics market.
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Premium Cosmetics Market Key Players
Major competitors in the premium cosmetics market include Avon Products Inc., Chanel S.A., Coty Inc., KAO Corporation, L'Oréal S.A., LVMH, Oriflame Cosmetics Global SA, Revlon Inc., Shiseido Company Ltd., The Estée Lauder Companies Inc.
The Business Research Company's "Global Premium Cosmetics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Premium Cosmetics Market Include:
1. Executive Summary
2. Premium Cosmetics Market Characteristics
3. Premium Cosmetics Market Trends And Strategies
4. Premium Cosmetics - Macro Economic Scenario
5. Premium Cosmetics Market Size And Growth
……
26. Africa Premium Cosmetics Market
27. Premium Cosmetics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Premium Cosmetics Market
29. Premium Cosmetics Market Future Outlook and Potential Analysis
30. Appendix
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