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Premium Cosmetics Market

Global Premium Cosmetics Market Size, Share, Forecast: 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; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Premium Cosmetics Market Outlook

The global premium cosmetics market attained a value of USD 153.68 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8% to reach USD 307.22 billion by 2032.

 

Premium Cosmetics Market

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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 Market 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.

 

Premium Cosmetics Market By Segments

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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.

 

Premium Cosmetics Market By Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Premium Cosmetics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Premium Cosmetics Historical Market (2018-2023) 
    8.3    Global Premium Cosmetics Market Forecast (2024-2032)
    8.4    Global Premium Cosmetics Market by Nature
        8.4.1    Natural and Organic
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Conventional
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Premium Cosmetics Market by Product
        8.5.1    Skin Care
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Hair Care
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Makeup
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Fragrance
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Premium Cosmetics Market by Gender
        8.6.1    Male
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Female
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Unisex
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Premium Cosmetics Market by Distribution Channel
        8.7.1    Supermarket and Hypermarket
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Cosmetics Shops
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Online
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Others    
    8.8    Global Premium Cosmetics Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Premium Cosmetics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Premium Cosmetics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Premium Cosmetics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Premium Cosmetics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Premium Cosmetics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    The Estée Lauder Companies Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Oriflame Cosmetics AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    L'Oréal S.A.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Unilever PLC
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Elizabeth Arden, Inc
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6     Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Premium Cosmetics Market: Key Industry Highlights, 2018 and 2032
2.    Global Premium Cosmetics Historical Market: Breakup by Nature (USD Billion), 2018-2023
3.    Global Premium Cosmetics Market Forecast: Breakup by Nature (USD Billion), 2024-2032
4.    Global Premium Cosmetics Historical Market: Breakup by Product (USD Billion), 2018-2023
5.    Global Premium Cosmetics Market Forecast: Breakup by Product (USD Billion), 2024-2032
6.    Global Premium Cosmetics Historical Market: Breakup by Gender (USD Billion), 2018-2023
7.    Global Premium Cosmetics Market Forecast: Breakup by Gender (USD Billion), 2024-2032
8.    Global Premium Cosmetics Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9.    Global Premium Cosmetics Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10.    Global Premium Cosmetics Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Premium Cosmetics Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Premium Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Premium Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Premium Cosmetics Market Structure

Key Questions Answered in the Report

In 2023, the global premium cosmetics market attained a value of nearly USD 153.68 billion.

The market is projected to grow at a CAGR of 8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 307.22 billion by 2032.

The market is being driven by the demand for organic and cruelty-free products, increasing brand recognition, and the surging consumers’ purchasing power.

The key trends guiding the market include the increasing internet penetration, digital advancements, and the rising demand for sustainable cosmetics.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant segments based on nature of the product include natural and organic and conventional.

The major products in the market are skin care, hair care, makeup, and fragrance, among others.

Male, female, and unisex are the segments based on the gender.

The significant distribution channels in the market are supermarket and hypermarket, cosmetic shops, and online, among others.

The major players in the market 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 153.68 billion in 2023, 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 2024-2032, growing at a CAGR of 8%. The market is projected to reach USD 307.22 billion by 2032.

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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