All updated as on -
In 2022, the luxury cosmetics market was worth $52,749.24 million, and by 2030, that number is projected to rise to $81,248.26 million, for a compound annual growth rate (CAGR) of 10.6% from 2023 to 2030.
When we talk about cosmetics, we're referring to items that help us look and feel better. When compared to their drugstore counterparts, the price of luxury cosmetics tends to be more because they are made with organic and high-quality materials. Skincare, haircare, cosmetics, and perfumes are the most common categories. Individuals in industrialized nations like North America and Europe have traditionally been the primary consumers of luxury goods because of their considerable purchasing capacity. Nevertheless, in the recent years, the demand for luxury cosmetics has been on the rise among the developing countries such as India and China due to the rise in disposable income and increase in prevalence of skin and hair care.
Cosmetics are commonly used by people to beautify oneself and to make their appearance attractive & confident. These products can be found in a wide variety of delivery systems, from pills and capsules to sprays and gels. The introduction of brightly colored, stylish, and expensive cosmetics has helped propel the industry forward. People tend to favor dermatologically-proven, high-quality skincare products over other high-end cosmetics because of their greater authenticity and greater efficacy.
People typically turn to high-end cosmetics like these when they're experiencing issues with their hair and skin including hair loss, dandruff, rashes, acne, and the like. As a result, the growing incidence of such issues among the general population is expected to fuel the market. Between 2010 and 2018, over 93.3% of the Australian population between the ages of 16 and 18 experienced skin acne problems, according to survey data given by the Australian Journal of General Practice.
The need for beauty and personal care goods is being driven mostly by the increasing interest in luxury brands. Another factor expected to boost the cosmetics industry is the continual launch of new products based on vegan ingredients. For instance, in April 2020, Avon Products Inc. announced a 'Sativa oil' collection derived from the cannabis plant, which included day creams, cleansers, and hand & body lotions, to meet the need for environmentally friendly cosmetics.
Before recently, only the very affluent and the socially prominent were the intended buyers of luxury goods, but this is no longer the case. Luxury goods made with organic and high-quality ingredients are in high demand due to rising incomes and health concerns among the urban populations of developing economies. This consumer behavior trend has fundamentally propelled the rise of luxury cosmetics business globally. As a result of its ease, international reach, and the ability to provide consumers with a plethora of options all at once, e-commerce has contributed to the growth of the luxury cosmetics business. However, the widespread availability of knockoffs is a significant challenge for the luxury cosmetics industry worldwide. Consumers around the world are more open to and interested in trying out halal beauty products. This submarket is expanding rapidly over the world, but particularly in the countries of the Middle East. Therefore, it might be seen as a chance for manufacturers to increase their share of the high-end cosmetics industry.
The Luxury Cosmetics Market Analysis classifies the industry into several subsets distinguished by factors such as product category, target audience, sales channel, and geographical location. Both organic and conventional goods make up the Type category. Skincare, haircare, cosmetics, and perfumes are the four main categories. It's segmented between male and female users according to their demographics. The global market is segmented into several submarkets based on the various sales channels that sell the products. Research is conducted in the Americas (the United States, Canada, and Mexico), Europe (Germany, Spain, the United Kingdom, Italy, France, Switzerland, and the rest of Europe), the Asia-Pacific (China, Japan, Australia, and the rest of Asia-Pacific), and the Middle East and North Africa (LAMEA) region. An analysis of opportunities in terms of emerging revenue pockets, shifting market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic regions, and more is included in this report on the luxury cosmetics industry.
Report Coverage
Global Luxury Cosmetics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Luxury Cosmetics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Luxury Cosmetics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Luxury Cosmetics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Luxury Cosmetics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Luxury Cosmetics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
L’Oréal, (France), Shiseido Company, Limited (Japan), Christian Dior (France), Puig (Spain), Coty Inc. (U.S.), Kao Corporation (Japan), Revlon (U.S.), The Estée Lauder Companies Inc. (U.S.), Oriflame Cosmetics AG (Switzerland), KOSÉ Corporation (Japan), CHANEL (U.K.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Luxury Cosmetics market based on the below-mentioned segments:
Global Luxury Cosmetics Market, By Type
Organic
Conventional Products
Global Luxury Cosmetics market, By Product Type
Skincare
Haircare
Makeup
Fragrances
Global Luxury Cosmetics Market, By End User
Male
Female
Global Luxury Cosmetics market, Regional Analysis
When we talk about cosmetics, we're referring to items that help us look and feel better. When compared to their drugstore counterparts, the price of luxury cosmetics tends to be more because they are made with organic and high-quality materials. Skincare, haircare, cosmetics, and perfumes are the most common categories. Individuals in industrialized nations like North America and Europe have traditionally been the primary consumers of luxury goods because of their considerable purchasing capacity. Nevertheless, in the recent years, the demand for luxury cosmetics has been on the rise among the developing countries such as India and China due to the rise in disposable income and increase in prevalence of skin and hair care.
Cosmetics are commonly used by people to beautify oneself and to make their appearance attractive & confident. These products can be found in a wide variety of delivery systems, from pills and capsules to sprays and gels. The introduction of brightly colored, stylish, and expensive cosmetics has helped propel the industry forward. People tend to favor dermatologically-proven, high-quality skincare products over other high-end cosmetics because of their greater authenticity and greater efficacy.
People typically turn to high-end cosmetics like these when they're experiencing issues with their hair and skin including hair loss, dandruff, rashes, acne, and the like. As a result, the growing incidence of such issues among the general population is expected to fuel the market. Between 2010 and 2018, over 93.3% of the Australian population between the ages of 16 and 18 experienced skin acne problems, according to survey data given by the Australian Journal of General Practice.
The need for beauty and personal care goods is being driven mostly by the increasing interest in luxury brands. Another factor expected to boost the cosmetics industry is the continual launch of new products based on vegan ingredients. For instance, in April 2020, Avon Products Inc. announced a 'Sativa oil' collection derived from the cannabis plant, which included day creams, cleansers, and hand & body lotions, to meet the need for environmentally friendly cosmetics.
Before recently, only the very affluent and the socially prominent were the intended buyers of luxury goods, but this is no longer the case. Luxury goods made with organic and high-quality ingredients are in high demand due to rising incomes and health concerns among the urban populations of developing economies. This consumer behavior trend has fundamentally propelled the rise of luxury cosmetics business globally. As a result of its ease, international reach, and the ability to provide consumers with a plethora of options all at once, e-commerce has contributed to the growth of the luxury cosmetics business. However, the widespread availability of knockoffs is a significant challenge for the luxury cosmetics industry worldwide. Consumers around the world are more open to and interested in trying out halal beauty products. This submarket is expanding rapidly over the world, but particularly in the countries of the Middle East. Therefore, it might be seen as a chance for manufacturers to increase their share of the high-end cosmetics industry.
The Luxury Cosmetics Market Analysis classifies the industry into several subsets distinguished by factors such as product category, target audience, sales channel, and geographical location. Both organic and conventional goods make up the Type category. Skincare, haircare, cosmetics, and perfumes are the four main categories. It's segmented between male and female users according to their demographics. The global market is segmented into several submarkets based on the various sales channels that sell the products. Research is conducted in the Americas (the United States, Canada, and Mexico), Europe (Germany, Spain, the United Kingdom, Italy, France, Switzerland, and the rest of Europe), the Asia-Pacific (China, Japan, Australia, and the rest of Asia-Pacific), and the Middle East and North Africa (LAMEA) region. An analysis of opportunities in terms of emerging revenue pockets, shifting market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic regions, and more is included in this report on the luxury cosmetics industry.
Report Coverage
Global Luxury Cosmetics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Luxury Cosmetics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Luxury Cosmetics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Luxury Cosmetics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | L’Oréal, (France), Shiseido Company, Limited (Japan), Christian Dior (France), Puig (Spain), Coty Inc. (U.S.), Kao Corporation (Japan), Revlon (U.S.), The Estée Lauder Companies Inc. (U.S.), Oriflame Cosmetics AG (Switzerland), KOSÉ Corporation (Japan), CHANEL (U.K.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Luxury Cosmetics Market from 2021 to 2030.
- Market Forecast for Luxury Cosmetics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Luxury Cosmetics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Luxury Cosmetics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Luxury Cosmetics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Luxury Cosmetics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
L’Oréal, (France), Shiseido Company, Limited (Japan), Christian Dior (France), Puig (Spain), Coty Inc. (U.S.), Kao Corporation (Japan), Revlon (U.S.), The Estée Lauder Companies Inc. (U.S.), Oriflame Cosmetics AG (Switzerland), KOSÉ Corporation (Japan), CHANEL (U.K.)
Primary Target Market
- Market Players of Luxury Cosmetics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Luxury Cosmetics market based on the below-mentioned segments:
Global Luxury Cosmetics Market, By Type
Organic
Conventional Products
Global Luxury Cosmetics market, By Product Type
Skincare
Haircare
Makeup
Fragrances
Global Luxury Cosmetics Market, By End User
Male
Female
Global Luxury Cosmetics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive luxury cosmetics market market research and competitor analysis for your business to help you develop more profound insights into the luxury cosmetics market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the luxury cosmetics market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.