37% of Premium Cosmetics Market Growth to Originate from APAC, Segmentation By Distribution Channel, Product, Geography, Size, Share, Outlook, Forecast and Opportunity Analysis 2022-2026


NEW YORK, July 28, 2022 /PRNewswire/ — The Premium Cosmetics Market is a part of the global personal products industry within the global household and personal products sector, as categorized by Technavio. The parent global personal products industry covers products and companies engaged in research and development (R&D) and production of personal and beauty care products, including cosmetics and perfumes. Moreover, the premium cosmetics market value is set to grow by USD 51.75 billion, progressing at a CAGR of 6.6% from 2021 to 2026, as per the latest report by Technavio.

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SUMMARY OF THE RESEARCH REPORT

Segmentation Analysis & Forecasts

The premium cosmetics market is segmented by Product (skincare products, fragrances, color cosmetics, hair care products, and others) and Distribution Channel (offline distribution channel and online distribution channel).

  • The market share growth in the skincare products segment will be significant during the forecast period. The skincare market is growing as both young and old women seek products to help them achieve better-looking skin.
  • Though women form the largest customer segment in the global premium skincare products market, men are increasingly becoming conscious of their personal grooming and wellness. 
  • Therefore, to widen the customer base, vendors are in the process of launching innovative skincare products that are custom-made for men.

The premium cosmetics market is segmented by Geography (APAC, Europe, North America, South America, and Middle East and Africa). 

  • 37% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for premium cosmetics in APAC.
  • Market growth in this region will be faster than the growth of the market in other regions.
  • The rising access to online shopping through the Internet and smart gadgets will facilitate the premium cosmetics market growth in APAC over the forecast period.

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Insights on the Market Contribution & Share of Various Segments & Regions on

Higher Priority

Premium Cosmetics Market Driver:

  • Increased demand for premium skincare products:
    • Selected professional skincare product manufacturers provide innovative, professional treatments to their customers, followed by giving them premium products that are costlier than regular skincare products.
    • Consumers are more aware of skincare concerns like aging spots, acne, and pigmentation and hence, are ready to pay for premium skincare products. Innovative skincare products have the right combination of superior-quality ingredients, a factor that leads to product premiumization.
    • With rising disposable income, consumers do not mind spending more on premium products, which has led to increased demand for premium cosmetics, especially skincare products. 
    • Also, skincare brands focus on differentiating themselves from pharmaceutical companies. Therefore, they invest in innovative ingredients and technologies that would positively affect the health and appearance of customers’ skin.

Premium Cosmetics Market Challenge:

  • Lack of consumer reach and premium brand penetration in major parts of developing regions, including MEA and APAC:
    • Building an effective distribution network and strategizing product distribution have always been major concerns for beauty product manufacturers. Strategic distribution involves selecting distribution channel partners, which becomes more difficult in the case of premium beauty products, such as face oils, as they are mainly available in specialty beauty retail stores and department stores and sometimes through e-retailers.
    • The penetration of department stores and specialty beauty retail stores is the highest in developed nations and tier-1 cities. However, there are very few consumers who buy premium cosmetics in tier-2 and tier-3 cities of developing nations of MEA and APAC, which makes it unfeasible for retailers or vendors to open stores in these cities.
    • Also, logistics forms a major concern as most retailers, whether brick and mortar or e-retailers, lack in building strong delivery channels in these cities.
    • The lack of reach to consumers and low premium brand penetration in major parts of developing regions, including MEA and APAC, challenge the growth of the global premium cosmetics market.

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TABLES) OF THIS MARKET

Vendor Insights-

  • Amway Corp.
  • Beiersdorf Aktiengesellschaft
  • CHANEL Ltd.
  • Coty Inc.
  • Dambiro de
  • Groupe Clarins
  • Henkel AG and Co. KGaA
  • Johnson and Johnson
  • Kose Corp.
  • Loccitane International SA
  • LVMH Moet Hennessy Louis Vuitton SE
  • NUDE Beauty Brands
  • Oriflame Holding AG
  • Revlon Inc.
  • Shiseido Co. Ltd.
  • The Avon Co.
  • Unilever PLC
  • The Procter and Gamble Co.
  • Kao Corp.
  • LOreal SA
  • The Estee Lauder Co. Inc.

The premium cosmetics market is fragmented and the vendors are deploying growth strategies such as engaging in continuous R&D to provide products that are used by people around the world to compete in the market.

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REPORT OF THIS MARKET
 

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Here are Some Similar Topics-

Online Premium Cosmetics Market by Product and Geography – Forecast and Analysis 2022-2026: The market value is set to grow by USD 15.26 billion, progressing at a CAGR of 7% from 2021 to 2026, as per the latest report by Technavio. The rise in the aging population is notably driving the online premium cosmetics market growth, although factors such as the high cost of cosmetic skincare products may impede the market growth. FIND MORE RESEARCH INSIGHTS HERE

Color Cosmetics Market in the US by Distribution Channel and Product – Forecast and Analysis 2022-2026: The market value is set to grow by USD 2.50 billion, progressing at a CAGR of 3.88% from 2021 to 2026, as per the latest report by Technavio. The US color cosmetics market is fragmented and the vendors are deploying growth strategies such as product launches, price wars, and mergers and acquisitions to compete in the market. FIND MORE RESEARCH INSIGHTS HERE

Premium Cosmetics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.6%

Market growth 2022-2026

$ 51.75 billion

Market structure

Fragmented

YoY growth (%)

5.8

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amway Corp., Beiersdorf Aktiengesellschaft, CHANEL Ltd., Coty Inc., Dambiro de, Groupe Clarins, Henkel AG and Co. KGaA, Johnson and Johnson, Kose Corp., Loccitane International SA, LVMH Moet Hennessy Louis Vuitton SE, NUDE Beauty Brands, Oriflame Holding AG, Revlon Inc., Shiseido Co. Ltd., The Avon Co., Unilever PLC, The Procter and Gamble Co., Kao Corp., LOreal SA, and The Estee Lauder Co. Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 25: Chart on Product – Market share 2021-2026 (%)
    • Exhibit 26: Data Table on Product – Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 27: Chart on Comparison by Product
    • Exhibit 28: Data Table on Comparison by Product
  • 5.3 Skincare products – Market size and forecast 2021-2026
    • Exhibit 29: Chart on Skincare products – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Data Table on Skincare products – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 31: Chart on Skincare products – Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Skincare products – Year-over-year growth 2021-2026 (%)
  • 5.4 Fragrances – Market size and forecast 2021-2026
    • Exhibit 33: Chart on Fragrances – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Data Table on Fragrances – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 35: Chart on Fragrances – Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Fragrances – Year-over-year growth 2021-2026 (%)
  • 5.5 Color cosmetics – Market size and forecast 2021-2026
    • Exhibit 37: Chart on Color cosmetics – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 38: Data Table on Color cosmetics – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 39: Chart on Color cosmetics – Year-over-year growth 2021-2026 (%)
    • Exhibit 40: Data Table on Color cosmetics – Year-over-year growth 2021-2026 (%)
  • 5.6 Hair care products – Market size and forecast 2021-2026
    • Exhibit 41: Chart on Hair care products – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 42: Data Table on Hair care products – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Chart on Hair care products – Year-over-year growth 2021-2026 (%)
    • Exhibit 44: Data Table on Hair care products – Year-over-year growth 2021-2026 (%)
  • 5.7 Others – Market size and forecast 2021-2026
    • Exhibit 45: Chart on Others – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 46: Data Table on Others – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 48: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by Product
    • Exhibit 49: Market opportunity by Product ($ billion)

6 Market Segmentation by Distribution Channel

  • 6.1 Market segments
    • Exhibit 50: Chart on Distribution Channel – Market share 2021-2026 (%)
    • Exhibit 51: Data Table on Distribution Channel – Market share 2021-2026 (%)
  • 6.2 Comparison by Distribution Channel
    • Exhibit 52: Chart on Comparison by Distribution Channel
    • Exhibit 53: Data Table on Comparison by Distribution Channel
  • 6.3 Offline distribution channel – Market size and forecast 2021-2026
    • Exhibit 54: Chart on Offline distribution channel – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on Offline distribution channel – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on Offline distribution channel – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Offline distribution channel – Year-over-year growth 2021-2026 (%)
  • 6.4 Online distribution channel – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Online distribution channel – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Online distribution channel – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Online distribution channel – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Online distribution channel – Year-over-year growth 2021-2026 (%)
  • 6.5 Market opportunity by Distribution Channel
    • Exhibit 62: Market opportunity by Distribution Channel ($ billion)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison
    • Exhibit 66: Chart on Geographic comparison
    • Exhibit 67: Data Table on Geographic comparison
  • 8.3 APAC – Market size and forecast 2021-2026
    • Exhibit 68: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 69: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 70: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 8.4 Europe – Market size and forecast 2021-2026
    • Exhibit 72: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 73: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 74: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 8.5 North America – Market size and forecast 2021-2026
    • Exhibit 76: Chart on North America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 77: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 78: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 8.6 South America – Market size and forecast 2021-2026
    • Exhibit 80: Chart on South America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 81: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 82: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 84: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 85: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 86: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 8.8 US – Market size and forecast 2021-2026
    • Exhibit 88: Chart on US – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 89: Data Table on US – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 90: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 8.9 China – Market size and forecast 2021-2026
    • Exhibit 92: Chart on China – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 93: Data Table on China – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 94: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 8.10 Germany – Market size and forecast 2021-2026
    • Exhibit 96: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 97: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 98: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 8.11 Japan – Market size and forecast 2021-2026
    • Exhibit 100: Chart on Japan – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 101: Data Table on Japan – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 102: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 103: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 8.12 UK – Market size and forecast 2021-2026
    • Exhibit 104: Chart on UK – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 105: Data Table on UK – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 106: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 107: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography
    • Exhibit 108: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges
    • Exhibit 109: Impact of drivers and challenges in 2021 and 2026
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 111: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 112: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 113: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 114: Matrix on vendor position and classification
  • 11.3 Beiersdorf Aktiengesellschaft
    • Exhibit 115: Beiersdorf Aktiengesellschaft – Overview
    • Exhibit 116: Beiersdorf Aktiengesellschaft – Business segments
    • Exhibit 117: Beiersdorf Aktiengesellschaft – Key news
    • Exhibit 118: Beiersdorf Aktiengesellschaft – Key offerings
    • Exhibit 119: Beiersdorf Aktiengesellschaft – Segment focus
  • 11.4 CHANEL Ltd.
    • Exhibit 120: CHANEL Ltd. – Overview
    • Exhibit 121: CHANEL Ltd. – Business segments
    • Exhibit 122: CHANEL Ltd. – Key offerings
    • Exhibit 123: CHANEL Ltd. – Segment focus
  • 11.5 Coty Inc.
    • Exhibit 124: Coty Inc. – Overview
    • Exhibit 125: Coty Inc. – Business segments
    • Exhibit 126: Coty Inc. – Key offerings
    • Exhibit 127: Coty Inc. – Segment focus
  • 11.6 Dambiro de
    • Exhibit 128: Dambiro de – Overview
    • Exhibit 129: Dambiro de – Product / Service
    • Exhibit 130: Dambiro de – Key offerings
  • 11.7 LOreal SA
    • Exhibit 131: LOreal SA – Overview
    • Exhibit 132: LOreal SA – Business segments
    • Exhibit 133: LOreal SA – Key news
    • Exhibit 134: LOreal SA – Key offerings
    • Exhibit 135: LOreal SA – Segment focus
  • 11.8 LVMH Moet Hennessy Louis Vuitton SE
    • Exhibit 136: LVMH Moet Hennessy Louis Vuitton SE – Overview
    • Exhibit 137: LVMH Moet Hennessy Louis Vuitton SE – Business segments
    • Exhibit 138: LVMH Moet Hennessy Louis Vuitton SE – Key news
    • Exhibit 139: LVMH Moet Hennessy Louis Vuitton SE – Key offerings
    • Exhibit 140: LVMH Moet Hennessy Louis Vuitton SE – Segment focus
  • 11.9 Oriflame Holding AG
    • Exhibit 141: Oriflame Holding AG – Overview
    • Exhibit 142: Oriflame Holding AG – Business segments
    • Exhibit 143: Oriflame Holding AG – Key offerings
    • Exhibit 144: Oriflame Holding AG – Segment focus
  • 11.10 Revlon Inc.
    • Exhibit 145: Revlon Inc. – Overview
    • Exhibit 146: Revlon Inc. – Business segments
    • Exhibit 147: Revlon Inc. – Key news
    • Exhibit 148: Revlon Inc. – Key offerings
    • Exhibit 149: Revlon Inc. – Segment focus
  • 11.11 Shiseido Co. Ltd.
    • Exhibit 150: Shiseido Co. Ltd. – Overview
    • Exhibit 151: Shiseido Co. Ltd. – Business segments
    • Exhibit 152: Shiseido Co. Ltd. – Key offerings
    • Exhibit 153: Shiseido Co. Ltd. – Segment focus
  • 11.12 The Estee Lauder Co. Inc.
    • Exhibit 154: The Estee Lauder Co. Inc. – Overview
    • Exhibit 155: The Estee Lauder Co. Inc. – Business segments
    • Exhibit 156: The Estee Lauder Co. Inc. – Key news
    • Exhibit 157: The Estee Lauder Co. Inc. – Key offerings
    • Exhibit 158: The Estee Lauder Co. Inc. – Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist
    • Exhibit 159: Inclusions checklist
    • Exhibit 160: Exclusions checklist
  • 12.3 Currency conversion rates for US$
    • Exhibit 161: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 162: Research methodology
    • Exhibit 163: Validation techniques employed for market sizing
    • Exhibit 164: Information sources
  • 12.5 List of abbreviations
    • Exhibit 165: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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