Market Overview:
The global premium cosmetic market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the global premium cosmetic market can be attributed to various factors such as rising disposable income, increasing awareness about personal care, and growing demand for organic and vegan cosmetics. The global premium cosmetic market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into conventional cosmetics, organic cosmetics, vegan cosmetics, and others. The conventional cosmetics segment dominated the global premium cosmetic market in 2017 owing to high demand for branded products among consumers across regions. However, with increasing awareness about organic and vegan products among consumers worldwide; this segment is expected to witness a decline in its share over the forecast period while that of organic & vegan segments are projected to register higher growth rates during 2018-2030. On the basis of application; hair care accounted for majority share in 2017 followed by skin care due to high demand for anti-aging creams & lotions as well as sunscreens globally .
Product Definition:
A premium cosmetic is a type of beauty product that is usually more expensive than regular cosmetics. They may include higher-quality ingredients, be made in smaller batches, or have other features that make them special. Premium cosmetics are often seen as being worth the extra cost, as they can offer better results than lower-priced alternatives.
Conventional:
Conventional products are those which have been used for personal care and cosmetic application over the past few decades. The factors that propel their demand include low cost, easy availability, high efficiency and widespread use as a base ingredient in various cosmetics.
The global conventional product market is expected to grow at a CAGR of XX% from 2016 to 2024 owing to its usage in various end-use industries such as pharmaceuticals & medicals, personal care & cosmetics among others.
Organic:
Organic products are those manufactured without the use of synthetic ingredients such as parabens, phthalates, and aluminum salts. Organic personal care & cosmetics include a wide range of skin care, hair care, make-up products and fragrances. The organic product segment is expected to witness significant growth over the forecast period owing to rising consumer awareness regarding health & wellness coupled with growing demand for environment-friendly products across various regions including Europe, North America and Asia Pacific.
Application Insights:
The hair care segment is expected to be the largest application segment in the global premium cosmetic market. The increasing use of hair care products with natural ingredients has become a trend among consumers across the world. Moreover, shifting consumer preference towards organic and anti-aging treatments will drive demand further. For instance, according to a study published by L'Orĩal in 2017, millennials prefer organic over conventional shampoos and conditioners by a ratio of 3:2 respectively. This factor will have an impact on industry growth over the forecast period.
Skin care is another important application segment that accounted for more than 25% share of total revenue in 2017 owing to rising awareness about skin health and beauty among consumers around the world.
Regional Analysis:
North America dominated the global premium cosmetic market in 2017 owing to high consumer spending on beauty products. The region is expected to maintain its dominance over the forecast period due to increasing demand for organic and vegan cosmetics. Asia Pacific is projected to witness significant growth over the next eight years owing to rising disposable income, improving economic conditions, and growing awareness about various advanced skincare techniques & products among consumers. Moreover, an increase in preference for western make-up trends will drive regional growth further. Europe also accounted for a significant share of revenue in 2017 due to growing demand from Germany and France markets along with U.K.
Growth Factors:
- Increasing disposable income of women: The premium cosmetic market is expected to grow as the disposable income of women increases. This is because women are more likely to spend money on luxury items such as cosmetics when they have more money available.
- Rising demand for natural and organic products: There is a growing demand for natural and organic cosmetics, which are seen as being healthier and more environmentally friendly than traditional products. This trend is expected to continue, driving growth in the premium cosmetic market.
- Advances in technology: Cosmetic companies are constantly developing new technologies that allow them to create better-quality products with longer-lasting effects. This drives innovation in the industry and leads consumers to purchase newer, more expensive products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Cosmetic Market Research Report
By Type
Conventional, Organic, Vegan, Others
By Application
Hair Care, Skin Care, Fragrances & Perfumes, Make-up, Others
By Companies
Coty, Chanel, LVMH, Shiseido, Kao Corporation, Estee Lauder Companies, L'Oreal, P&G, Unilever, Avon, Jahwa, Amore Pacific, Henkel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Premium Cosmetic Market Report Segments:
The global Premium Cosmetic market is segmented on the basis of:
Types
Conventional, Organic, Vegan, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hair Care, Skin Care, Fragrances & Perfumes, Make-up, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Coty
- Chanel
- LVMH
- Shiseido
- Kao Corporation
- Estee Lauder Companies
- L'Oreal
- P&G
- Unilever
- Avon
- Jahwa
- Amore Pacific
- Henkel
Highlights of The Premium Cosmetic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional
- Organic
- Vegan
- Others
- By Application:
- Hair Care
- Skin Care
- Fragrances & Perfumes
- Make-up
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Premium Cosmetic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Premium cosmetic is a term used to describe products that are more expensive than other types of cosmetics. These products may be more effective or have a higher quality than other cosmetics, and they may be marketed as being better for your skin.
Some of the major companies in the premium cosmetic market are Coty, Chanel, LVMH, Shiseido, Kao Corporation, Estee Lauder Companies, L'Oreal, P&G, Unilever, Avon, Jahwa, Amore Pacific, Henkel.
The premium cosmetic market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Premium Cosmetic Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Premium Cosmetic Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Premium Cosmetic Market - Supply Chain
4.5. Global Premium Cosmetic Market Forecast
4.5.1. Premium Cosmetic Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Premium Cosmetic Market Size (000 Units) and Y-o-Y Growth
4.5.3. Premium Cosmetic Market Absolute $ Opportunity
5. Global Premium Cosmetic Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Premium Cosmetic Market Size and Volume Forecast by Type
5.3.1. Conventional
5.3.2. Organic
5.3.3. Vegan
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Premium Cosmetic Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Premium Cosmetic Market Size and Volume Forecast by Application
6.3.1. Hair Care
6.3.2. Skin Care
6.3.3. Fragrances & Perfumes
6.3.4. Make-up
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Premium Cosmetic Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Premium Cosmetic Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Premium Cosmetic Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Premium Cosmetic Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Premium Cosmetic Demand Share Forecast, 2019-2026
9. North America Premium Cosmetic Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Premium Cosmetic Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Premium Cosmetic Market Size and Volume Forecast by Application
9.4.1. Hair Care
9.4.2. Skin Care
9.4.3. Fragrances & Perfumes
9.4.4. Make-up
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Premium Cosmetic Market Size and Volume Forecast by Type
9.7.1. Conventional
9.7.2. Organic
9.7.3. Vegan
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Premium Cosmetic Demand Share Forecast, 2019-2026
10. Latin America Premium Cosmetic Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Premium Cosmetic Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Premium Cosmetic Market Size and Volume Forecast by Application
10.4.1. Hair Care
10.4.2. Skin Care
10.4.3. Fragrances & Perfumes
10.4.4. Make-up
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Premium Cosmetic Market Size and Volume Forecast by Type
10.7.1. Conventional
10.7.2. Organic
10.7.3. Vegan
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Premium Cosmetic Demand Share Forecast, 2019-2026
11. Europe Premium Cosmetic Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Premium Cosmetic Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Premium Cosmetic Market Size and Volume Forecast by Application
11.4.1. Hair Care
11.4.2. Skin Care
11.4.3. Fragrances & Perfumes
11.4.4. Make-up
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Premium Cosmetic Market Size and Volume Forecast by Type
11.7.1. Conventional
11.7.2. Organic
11.7.3. Vegan
11.7.4. Others
11.8. Basis Point Share (BPS) Analsis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Premium Cosmetic Demand Share, 2019-2026
12. Asia Pacific Premium Cosmetic Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Premium Cosmetic Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Premium Cosmetic Market Size and Volume Forecast by Application
12.4.1. Hair Care
12.4.2. Skin Care
12.4.3. Fragrances & Perfumes
12.4.4. Make-up
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Premium Cosmetic Market Size and Volume Forecast by Type
12.7.1. Conventional
12.7.2. Organic
12.7.3. Vegan
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Premium Cosmetic Demand Share, 2019-2026
13. Middle East & Africa Premium Cosmetic Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Premium Cosmetic Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Premium Cosmetic Market Size and Volume Forecast by Application
13.4.1. Hair Care
13.4.2. Skin Care
13.4.3. Fragrances & Perfumes
13.4.4. Make-up
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Premium Cosmetic Market Size and Volume Forecast by Type
13.7.1. Conventional
13.7.2. Organic
13.7.3. Vegan
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Premium Cosmetic Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Premium Cosmetic Market: Market Share Analysis
14.2. Premium Cosmetic Distributors and Customers
14.3. Premium Cosmetic Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Coty
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chanel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LVMH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shiseido
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kao Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Estee Lauder Companies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. L'Oreal
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. P&G
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Unilever
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Avon
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jahwa
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Amore Pacific
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Henkel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
