Press release
Global Luxury Cosmetics Market Share, Industry Trends, Report and Forecast 2023-2028 | Avon Products Inc., Coty Inc.
Global Luxury Cosmetics Market 2023-2028
Report Highlights
How Big is the Luxury Cosmetics Market?
The global luxury cosmetics market size reached US$ 50.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
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What is Luxury Cosmetics?
Luxury cosmetics comprise a class of premium beauty products that have unique formulations and offer packaging and quality. They provide enhanced efficacy and deliver visible and transformative results that cater to the specific needs and concerns of the consumer. They offer velvety, silky, and lightweight textures to ensure effortless application. They assist in providing an improved experience to consumers and enhance their satisfaction. As they aid in offering unique packaging styles to attract a wide consumer base, the demand for luxury cosmetics is increasing around the world.
What are the growth prospects and trends in the luxury cosmetics industry?
At present, the rising demand for personalized cosmetic solutions that cater to specific skin types, tones, and concerns of individuals and offer enhanced satisfaction represents one of the major factors supporting the market growth.
Additionally, the increasing focus on self-care and self-expression among the masses worldwide is strengthening the growth of the market. Apart from this, the growing demand for luxury cosmetics due to changing consumer preferences is positively influencing the market.
Moreover, the wide availability of luxury cosmetics through several distribution channels, such as specialty, convenience, and online stores, across the globe is offering a lucrative growth opportunity to industry players. Furthermore, the increasing integration of natural and sustainably sourced ingredients that cater to eco-conscious consumers is contributing to the growth of the market.
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The report has segmented the market on the basis of region, based on product type, type, distribution channel and end user.
Breakup by Product Type:
• Skincare
• Haircare
• Makeup
• Fragrances
Breakup by Type:
• Organic
• Conventional
Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Specialty and Monobrand Stores
• Online Stores
• Others
Breakup by End User:
• Male
• Female
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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