Report Code : A05177
The global demand for luxury cosmetics is expected to increase due to rise in emerging economies, increase in in e-commerce, surge in requirement of organic and premium quality products, and growth in disposable income among the consumers. The skincare segment dominates the market due to the health consciousness and prevalence of skincare and haircare regimes among individuals. However, the availability of counterfeit products in the market and short life span of natural cosmetic products are expected to hamper the luxury cosmetics market growth during the forecast period.
According to Shankar Bhandalkar
Team Lead Research, Consumer Goods at Allied Market Research
According to a new report published by Allied Market Research, titled, "Luxury Cosmetics Market by Type, Product Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global luxury cosmetics market size was valued at $52,748.4 million in 2018 and is projected to reach $81,247.6 million by 2026, registering a CAGR of 5.6% from 2019 to 2026. 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.
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. 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.
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.
Key Findings of the Luxury Cosmetics Market :
The key players operating in the luxury cosmetics market are L’Oréal, Shiseido Company, Limited, Christian Dior, Puig, Coty Inc., Kao Corporation, Revlon, Inc., The Estée Lauder Companies Inc., Oriflame Cosmetics AG, and KOSÉ Corporation.
Talk to David (Europe)
Talk to Sona Padman (Americas)
5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91 2066346060
Fax: +1(855) 550-5975
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com
Luxury Cosmetics Market by Type (Organic and Conventional), Product Type (Skincare, Haircare, Makeup, and Fragrances), End User (Male and Female), and Distribution Channel (E-commerce, Supermarket/Hypermarket, Specialty Stores and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Buy Full Version
"Global Luxury Cosmetics Market"
Purchase Enquiry
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers