This report calculates the High-end cosmetics market size, future trends, demand, revenue, price, growth, market drivers, opportunities and challenges, sales channels and distributors, and forecast (2021-2027). The competition in the global premium cosmetics industry is analyzed, taking into account the price, revenue, sales and market share by company, market concentration rate, competitive situations and trends, expansion, mergers and acquisitions and market shares of major companies.
(Our COPY EXAMPLE of report gives a brief introduction of the Premium Cosmetics market, a detailed table of contents, key market players, a list of tables and figures, and including key countries and regions.)
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Some of the main competitors or companies included in the study are Avon Products Inc., Chanel SA, Coty, Inc., KAO Corporation, L’OrÃ©al SA, LVMH, Oriflame Cosmetics Global SA, Revlon, Inc., Shiseido Company Ltd. and The EstÃ©e Lauder Companies Inc.
What is the high-end cosmetics market?
Rapid industrialization, changing standards of living and growing awareness of personal care products are leading to the expansion of the customer base for high-end cosmetics. According to business economics statistics on personal disposable income in the United States, personal disposable income in the United States averaged $ 5,200.2 billion in 1959, reaching a record high of $ 15,742.81 billion. Americans in November 2018.
Global high-end cosmetics market expected to overtake US dollar 92,959.5 million at the end of 2027 in terms of turnover, growing by 6.4% CAGR during the forecast period (2020 to 2027)
The growing awareness of premium ingredients and their positive effect on the skin has led to a shift in consumer preference from traditional or mass produced cosmetics to premium cosmetics. In addition, consumers are increasingly worried about various skin care issues such as age spots, acne, and pigmentation, which is leading to the adoption of skin care cosmetics from superior quality.
Regionally, Asia-Pacific has dominated the global premium cosmetics market 2019, reports 34.7% market share in terms of sales, followed by North America and Europe respectively.
The major players are focused on launching new products in the high-end cosmetics market to create growth opportunities globally. For example, in September 2018, Chanel launched its first men’s makeup collection in South Korea. The collection includes a tinted, fluid and matte moisturizing lip balm and an eyebrow pencil.
Additionally, in 2016, Chanel launched a new line of nail polish; The Longwear Nail Color Varnish. The new collection includes 16 variations and is free from dibutyl phthalate, formaldehyde, camphor and toluene. These product launches are expected to attract a larger consumer base during the forecast period and help the company increase its position in the market.
The growth of the premium cosmetics market is driven by the direct influence of digitalization. Additionally, internet and social media penetration has helped businesses build brand awareness.
The availability of cosmetic information through online sources is driving the demand for personalization of cosmetic products to meet individual needs and lifestyle. For example, L’OrÃ©al Paris has launched an augmented reality (AR) -based beauty app, Make up Genius, which turns the iPhone screen into mirrors to layer makeup on the user’s face.
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Frequently Asked Questions (FAQ):
1) What are the major factors driving the growth of the market?
âï¸ Growing application of industrial microbiology in healthcare and end-user sectors and increasing adoption of inorganic growth strategies by major players are expected to drive the market growth during the forecast period.
2) What is the main product type segment in the market?
âï¸ Reaction consumables are the main product type segment in the market.
3) What are the major factors holding back the growth of the market?
âï¸ The high risk of contamination is the main factor limiting the growth of the market
4) Who are the main players in the market?
âï¸ The major players operating in the market include Avon Products Inc., Chanel SA, Coty, Inc., KAO Corporation, L’OrÃ©al SA, LVMH, Oriflame Cosmetics Global SA, Revlon, Inc., Shiseido Company Ltd. and The EstÃ©e Lauder Companies Inc.
5) How many clients have you served?
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âï¸ The top countries in each region are mapped based on individual market revenues.
âï¸ A comprehensive analysis of the factors that drive and limit the growth of the market is provided.
âï¸ The report comprises an in-depth analysis of the current research and clinical developments in the market.
âï¸ The main players and their main developments in recent years are listed.
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