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Global Premium Cosmetics Market: By Nature: Natural and Organic, Conventional; By Product: Skin Care, Hair Care, Makeup, Fragrance, Others; By Gender: Male, Female, Unisex; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Premium Cosmetics Market Outlook
The global premium cosmetics market attained a value of USD 122 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8% to reach USD 204 billion by 2026.
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Rising Disposable Income of the Middle Class Population Boosting the Premium Cosmetics Industry
The premium cosmetics industry is led by the rising demand for natural and organic products. Premium cosmetics brands are redefining themselves in order to meet consumer’s demands while providing the best quality at the lowest price. Makeup has been used as a beauty aid for ages, and as the focus on visual aesthetics and attractiveness is increasing, the industry is witnessing significant growth. Moreover, the increasing demand for long-lasting makeup products and anti-ageing products due to the rising beauty consciousness is aiding the market growth. The rising economic independence of women consumers has increased their purchasing power, further invigorating the market growth. The development of products with ethical, experimental, innovative, and authentic qualities, along with the growing focus on longevity, is boosting the market growth. Rising awareness regarding personal grooming is also lubricating the market growth.
The rising consumer awareness and the shift from mass-produced to premium products have significantly increased in the past few years. Additionally, the demand for products with high efficiency and active ingredients is also catalysing the market growth. Moreover, increasing brand recognition and the launch of new products by the major brands are also boosting the market. Also, new makeup trends related to elevated hygiene and clean and transparent skin is expected to augment the industry growth. The rising concerns about various skin problems such as acne and pimples are also contributing to the market growth.
Premium Cosmetics: Industry Definition and Segmentation
Cosmetics are any substances that are used to clean, improve, or change the complexion, skin, hair, nails, or teeth. They generally include beauty products and grooming aids. Premium cosmetics contain a ton of active ingredients. Cosmetics can be produced in the organic and hypoallergenic form to meet the consumer’s demand.
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Based on nature, the premium cosmetics is segmented into:
- Natural and Organic
- Conventional
The major products of premium cosmetics are:
- Skin Care
- Hair Care
- Makeup
- Fragrance
- Others
The market can be broadly categorised on the basis of gender into:
- Male
- Female
- Unisex
Based on the distribution channel, the market is divided into:
- Supermarket and Hypermarket
- Cosmetics Shops
- Online
- Others
The EMR report looks into the regional markets of premium cosmetics like North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.
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Increasing Demand for Sustainable Products to Bolster the Market Growth of Premium Cosmetics
The demand for cruelty-free and gluten-free products is one of the significant drivers of the industry. Additionally, brands are continuously redefining themselves in order to meet consumers’ demand for organic and cruelty-free products, for which they are reassessing their commitment to social and sustainable responsibility; the surging demand for eco-friendly products is leading the market. Moreover, the development of customised cosmetics based on a person’s skin type and facial features is also expected to aid the market growth. In addition to this, the increasing focus on supply chain and price transparency to earn the trust of the consumers is lubricating the market growth. The rising focus on overall wellbeing and conscious consumerism has increased the demand for vegan products and is providing further impetus to the market.
Digital advances and sustainable self-care products that provide unique experiences are also anticipated to boost the market. Internet penetration and the flourishing social media have widely expanded the market for premium cosmetics. Furthermore, makeup has become more gender inclusive, and men’s cosmetics is witnessing robust growth in the past few years. For instance, Chanel launched an exclusive men’s makeup line, Boy de Chanel, in South Korea, which includes tinted fluid, matte moisturising lip balm, and four shades of eyebrow pencil. The further development in the makeup for men and unisexual cosmetics is expected to propel the market growth.
Key Industry Players in the Global Premium Cosmetics Market
The report presents a detailed analysis of the following key players in the global premium cosmetics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- The Estée Lauder Companies Inc.
- Oriflame Cosmetics AG
- L'Oréal S.A.
- Unilever PLC
- Elizabeth Arden, Inc
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Product, Gender, Distribution Channel, Region |
| Breakup by Nature | Natural and Organic, Conventional |
| Breakup by Product | Skin Care, Hair Care, Makeup, Fragrance, Others |
| Breakup by Gender | Male, Female, Unisex |
| Breakup by Distribution Channel | Supermarket and Hypermarket, Cosmetics Shops, Online, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | The Estée Lauder Companies Inc., Oriflame Cosmetics AG, L'Oréal S.A., Unilever PLC, Elizabeth Arden, Inc, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Premium Cosmetics Market Analysis
8.1 Key Industry Highlights
8.2 Global Premium Cosmetics Historical Market (2017-2021)
8.3 Global Premium Cosmetics Market Forecast (2022-2027)
8.4 Global Premium Cosmetics Market by Nature
8.4.1 Natural and Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Premium Cosmetics Market by Product
8.5.1 Skin Care
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Hair Care
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Makeup
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Fragrance
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Others
8.6 Global Premium Cosmetics Market by Gender
8.6.1 Male
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Female
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Unisex
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Premium Cosmetics Market by Distribution Channel
8.7.1 Supermarket and Hypermarket
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Cosmetics Shops
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Online
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Others
8.8 Global Premium Cosmetics Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 The Estée Lauder Companies Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Oriflame Cosmetics AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 L'Oréal S.A.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Unilever PLC
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Elizabeth Arden, Inc
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Premium Cosmetics Market: Key Industry Highlights, 2016 and 2026
2. Global Premium Cosmetics Historical Market: Breakup by Nature (USD Billion), 2017-2021
3. Global Premium Cosmetics Market Forecast: Breakup by Nature (USD Billion), 2022-2027
4. Global Premium Cosmetics Historical Market: Breakup by Product (USD Billion), 2017-2021
5. Global Premium Cosmetics Market Forecast: Breakup by Product (USD Billion), 2022-2027
6. Global Premium Cosmetics Historical Market: Breakup by Gender (USD Billion), 2017-2021
7. Global Premium Cosmetics Market Forecast: Breakup by Gender (USD Billion), 2022-2027
8. Global Premium Cosmetics Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
9. Global Premium Cosmetics Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
10. Global Premium Cosmetics Historical Market: Breakup by Region (USD Billion), 2017-2021
11. Global Premium Cosmetics Market Forecast: Breakup by Region (USD Billion), 2022-2027
12. North America Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2017-2021
13. North America Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Europe Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Europe Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Asia Pacific Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Asia Pacific Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Latin America Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Latin America Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Middle East and Africa Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Middle East and Africa Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Global Premium Cosmetics Market Structure
Key Questions Answered in the Report
In 2020, the global premium cosmetics market attained a value of nearly USD 122 billion.
The market is projected to grow at a CAGR of 8% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 204 billion by 2026.
The industry is being driven by the demand for organic and cruelty-free products, increasing brand recognition, and the surging consumers’ purchasing power.
The industry is anticipated to witness growth due to the increasing internet penetration, digital advances, and the rising demand for sustainable products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is categorised into natural and organic, and conventional on the basis of nature.
The dominant products of premium cosmetics in the industry are skin care, hair care, makeup, and fragrance, among others.
The major genders of the industry are female, male, and unisex.
The significant distribution channels in the market are supermarket and hypermarket, cosmetic shops, and online, among others.
The major players in the industry are The Estée Lauder Companies Inc., Oriflame Cosmetics AG, L'Oréal S.A., Unilever PLC, and Elizabeth Arden, Inc, among others.
Analyst Review
The global premium cosmetics market attained a value of USD 122 billion in 2020, driven by the rising disposable income of the middle class population. Aided by the digital advances and internet penetration, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 8%. The market is projected to reach USD 204 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its nature, the premium cosmetics industry can be segmented into natural and organic, and conventional. The major products of premium cosmetics are skin care, hair care, makeup, and fragrance, among others. Based on gender, the industry is classified into female male, and unisex. On the basis of distribution channels, the industry is divided into supermarket and hypermarket, cosmetics shops, and online, among others. The major regional markets for premium cosmetics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Estée Lauder Companies Inc., Oriflame Cosmetics AG, L'Oréal S.A., Unilever PLC, and Elizabeth Arden, Inc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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