Premium Cosmetics Market, By Product Type (Skincare, Haircare, Makeup, Fragrance, and Others), By Distribution Channel (Online and Offline), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The premium cosmetics market is estimated to be valued at USD 185.15 Bn in 2024 and is expected to reach USD 309.17 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.

Figure 1. Premium Cosmetics Market Share (%), By Region, 2024

The premium cosmetics market has witnessed significant growth in the past decade driven by increasing disposable incomes and rising beauty consciousness among consumers globally. Premium cosmetic products are developed using high quality ingredients and advanced formulation techniques to provide enhanced benefits such as anti-aging, hydration, and protection from environmental stresses. The rising popularity of beauty vlogging and influencer marketing on social media has also popularized the usage of premium cosmetic brands. Furthermore, premium brands are increasingly launching products incorporating natural and organic ingredients to cater to health-conscious consumers. While North America and Western Europe hold major shares of the market currently, Asia Pacific is expected to emerge as the fastest growing regional market in the coming years led by countries like China, South Korea, and India.

Market Dynamics:

The global premium cosmetics market is primarily driven by factors such as rising spending capacities, improving living standards, and increasing participation of women in workforce across developing economies. Rapid urbanization coupled with growing social media influence is further fueling the adoption of premium cosmetic products among millennial and generation Z consumers worldwide. However, the availability of cheaper alternatives from mass brands continues to restrain the premium segment to some extent. Nonetheless, premium players are expanding their core offerings and entering new categories like premium fragrances, grooming products for men, and organic/natural formulations to target more consumer demographics and address sustainability trends, thereby opening new growth avenues. Moreover, the growing popularity of premium skincare and anti-aging products specifically in the Asia Pacific and Middle East & Africa regions provides immense opportunities for existing as well as new market entrants in the premium cosmetics domain. Strict regulations regarding ingredients and packaging across major markets also remains a key challenge for premium vendors to address.

Key Features of the Study:

This report provides in-depth analysis of the global premium cosmetics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global premium cosmetics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Shiseido Company, Kao Corporation, CLIO COSMETICS, Coty, Inc., LG H&H Co., Ltd., the SAEM International Co.,Ltd., Nippon Menard Cosmetics Co., Ltd, COSMAX. INC, PROYA COSMETICS CO., LTD, KOSE Corporation., Kibi Raw Minerals, L'Oreal S.A., LVMH, Solskin Beauty Labs, Greenleaf Cosmetics Australia Pty Ltd., Oriflame Cosmetics Global SA, The Estee Lauder Companies Inc., Revlon, Inc., INIKA Organic Australia, and Seven Seas Cosmetics
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global premium cosmetics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global premium cosmetics market

Detailed Segmentation-

By Product Type:
- Skincare
- Haircare
- Makeup
- Fragrance
- Others
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Shiseido Company
- Kao Corporation
- CLIO COSMETICS
- Coty, Inc.
- LG H&H Co., Ltd.
- the SAEM International Co.,Ltd.
- Nippon Menard Cosmetics Co., Ltd
- COSMAX. INC
- PROYA COSMETICS CO., LTD
- KOSE Corporation.
- Kibi Raw Minerals
- L'Oreal S.A.
- LVMH
- Solskin Beauty Labs
- Greenleaf Cosmetics Australia Pty Ltd.
- Oriflame Cosmetics Global SA
- The Estee Lauder Companies Inc.
- Revlon, Inc.
- INIKA Organic Australia
- Seven Seas Cosmetics

Product Code: CMI1447

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Premium Cosmetics Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Premium Cosmetics Market
Impact Analysis

5. Global Premium Cosmetics Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Skincare
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Haircare
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Makeup
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Fragrance
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Premium Cosmetics Market, By Distribution Channel, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Online
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Offline
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Premium Cosmetics Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Shiseido Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Kao Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- CLIO COSMETICS
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Coty, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- LG H&H Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- the SAEM International Co.,Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Nippon Menard Cosmetics Co., Ltd
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- COSMAX. INC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- PROYA COSMETICS CO., LTD
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- KOSE Corporation.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Kibi Raw Minerals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- L'Oreal S.A.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- LVMH
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Solskin Beauty Labs
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Greenleaf Cosmetics Australia Pty Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Oriflame Cosmetics Global SA
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- The Estee Lauder Companies Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Revlon, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- INIKA Organic Australia
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Seven Seas Cosmetics
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on Global Premium Cosmetics Market" - Global forecast to 2031.