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Luxury Cosmetics Market Rapidly Increasing Worldwide at a CAGR of 5.6%, Reach $81,247.6 Million Forecast by 2026
Luxury Cosmetics Market
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Luxury cosmetics refer to the cosmetic products, which are used to cleanse the skin. They are manufactured using premium quality and organic ingredients, which are priced at a higher end as compared to consumer cosmetic products. Luxury cosmetics are primarily divided into skincare, haircare, makeup products, and fragrances, which are manufactured using premium quality ingredients and sold largely through specialty stores and e-commerce.
In addition, the increase in use of e-commerce (brand) websites to purchase luxury products, which are not available in the home country further propels the growth of the market. Moreover, rise in disposable income in the developing nations has majorly influenced the cosmetics consumption pattern among individuals in those regions. In addition, the rise in awareness among consumers regarding halal cosmetics has to a great extent prompted the market's growth worldwide.
The organic products segment in the luxury cosmetic market is anticipated to exhibit the highest market share during the forecast period. The global rise in health consciousness among individuals boosts the demand for organic and natural cosmetic products in various countries across the globe. The global luxury cosmetics market is primarily driven by rise in consumer demand for products manufactured using naturally derived ingredients as compared to synthetic.
According to global luxury cosmetics market analysis, the market is segmented based on type, product type, end user, distribution channel, and region. By type, it comprises organic and conventional products. Based on product type, it is classified into skincare, haircare, makeup and fragrances. By end user, it is bifurcated into male and female. By distribution channel, it is categorized into supermarket/hypermarket, e-commerce, specialty/monobrand stores, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฅ๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐๐จ๐ฌ๐ฆ๐๐ญ๐ข๐๐ฌ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ณ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
โข L'Orรฉal
โข Shiseido Company
โข Limited
โข Christian Dior
โข Puig
โข Coty Inc.
โข Kao Corporation
โข Revlon Inc.
โข The Estรฉe Lauder Companies Inc.
โข Oriflame Cosmetics AG
โข KOSร Corporation.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐๐จ๐ฌ๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
โข Based on product type, the skincare segment accounted for the highest share of luxury cosmetics market in 2018, growing at a CAGR of 5.30% and makeup segment growing fastest with a CAGR of 6.10% between 2019 and 2026.
โข Based on type, the conventional segment accounted for about 75% of the global luxury cosmetics market in 2018. However, the organic segment is expected to grow at a CAGR of 7.60% during the forecast period.
โข Based on end user, the women segment is accounted for the highest share in luxury cosmetics market in 2018, growing at a CAGR of 5.20% and men segment growing fastest with a CAGR of 6.60% between 2019 to 2026.
โข Based on distribution channel, the specialty store segment accounted for about 75% of the global luxury cosmetics market share in 2018. However, the e-commerce segment is expected to grow fastest at a CAGR of 7.50% during the forecast period.
๐๐๐๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ฎ๐ฒ ๐๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐๐จ๐ฌ๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
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๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ "๐๐๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โ Nutracosmetic Market Will Show An Increase Of By 2027, Report
https://www.alliedmarketresearch.com/nutracosmetic-market-A08067
โ Halal Cosmetics Market is projected to reach $144,816.10 million by 2031
https://www.alliedmarketresearch.com/halal-cosmetics-market
โ Brow Gel Market is estimated to reach $431.7 million by 2031
https://www.alliedmarketresearch.com/brow-gel-market-A16125
โ Cosmetics Face Serum Market Growth, Opportunities In Global Industry By 2021-2030
https://www.alliedmarketresearch.com/cosmetics-face-serum-market
โ Lipstick Market Size is expected to reach $12.5 billion by 2026
https://www.alliedmarketresearch.com/lipstick-market
โ Halal Cosmetics Market is projected to reach $144,816.10 million by 2031
https://www.alliedmarketresearch.com/halal-cosmetics-market
โ Cosmetic Serum Market by Manufacturer, Type and Application Forecast to 2030
https://www.alliedmarketresearch.com/cosmetic-serum-market-A13041
โ Hair Shampoo Market is projected to reach $44,378.8 million by 2030
https://www.alliedmarketresearch.com/hair-shampoo-market-A14207
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