NEW YORK, December 16, 2021 / PRNewswire / –

High End Cosmetics Market Overview –

  • Total pages: 120
  • Companies: 10+ – Including Amway Corp., Beiersdorf AG, Coty Inc., L’Oréal SA, LVMH Moët Hennessy Louis Vuitton, Natura & Co., Revlon Inc., Shiseido Co. Ltd., The Estée Lauder Co. Inc. and The Procter and Gamble Co., among others.
  • Blanket: Main drivers, trends and challenges; Product information and news; Value chain analysis; Parents market analysis; Supplier landscape
  • Segments: Distribution channel (offline and online) and product (skin care products, perfumes, color cosmetics, hair care products and others)
  • Geographies: APAC (China and Japan), Europe (UK), North America (WE), South America (Brazil), and MEA

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According to the recent Technavio market study, the High-end cosmetics market share in personal products industry is expected to grow by $ 44.2 billion from 2019 to 2024, with an accelerated CAGR of 6%. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

APAC will register the highest growth rate of 36% among other regions. China and Japan are the key markets for high-end cosmetics. Moreover, the market growth in APAC will be faster than the market growth in other regions.

Download FREE Sample: for more information on key APAC countries

Supplier Information-

The premium cosmetics market is fragmented and suppliers are deploying organic and inorganic growth strategies to compete in the market.

Amway Corp. – In September 2019, the company launched Signature Select Personalized Serum under its Artistry brand, which allows up to three different serums to be combined in one product.

L’Oréal SA – In january 2020, the company’s technology incubator launched Perso, the world’s first AI-powered skin care and cosmetics device.

Revlon Inc. – In september 2018, the company announced the launch of American Crew ACUMEN, a comprehensive collection of high-performance showering, shaving, grooming and styling formulations that target the grooming needs of today’s man.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook

The high-end cosmetics market in APAC is expected to generate significant business opportunities for vendors during the forecast period.

China and Japan are the key markets for high-end cosmetics in APAC. The market growth in this region will be faster than the market growth in other regions.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

  • Driving force behind the high-end cosmetics market:
    • Increased demand for premium skin care products:

Selected professional skin care product manufacturers offer innovative professional treatments to their customers and then offer them premium products that are more expensive than conventional skin care products. Consumers are more aware of skin care issues such as age spots, acne, and pigmentation and therefore are prepared to pay for higher quality skin care products. With the increase in disposable income, consumers are not afraid to spend more on high-end products, which has led to an increase in demand for high-end cosmetics, especially skin care products. Technological advancements have increased the number of advanced and value-added anti-aging products in the market, thus playing a vital role in the growth of the global premium cosmetics market.

  • High-end cosmetics market trend:
    • Innovation and extension of the portfolio leading to the premiumization of products:

The global premium cosmetics market demands regular innovations, as customers are always on the lookout for innovative products with an optimal level of use. Globally, customers are looking for premium cosmetic products that address multiple concerns such as skin care, hair care and baby care in a minimal amount of time. The suppliers are focusing on expanding their existing product lines by introducing new premium cosmetic products as per customers’ requirements. With the increase in disposable income around the world, consumers have the financial freedom to spend more on non-essential items like high-end cosmetics. This factor is expected to provide a significant boost to the market during the forecast period.

Find additional information on various other market drivers and trends mentioned in our FREE sample report.

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Scope of the high-end cosmetics market

Cover of the report

Details

Page number

120

Year of reference

2019

Forecast period

2020-2024

Growth dynamics and CAGR

Accelerate to a 6% CAGR

Market growth 2020-2024

$ 44.2 billion

Market structure

Fragmented

Annual growth (%)

14.25

Regional analysis

APAC, Europe, MEA, North America and South America

Efficient contribution to the market

36% APAC

Main consumer countries

China and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Amway Corp., Beiersdorf AG, Coty Inc., L’Oréal SA, LVMH Moët Hennessy Louis Vuitton, Natura & Co., Revlon Inc., Shiseido Co. Ltd., The Estée Lauder Co. Inc. and The Procter and Gamble Co .

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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SOURCE Technavio


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