World - Cosmetics - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLuxury Cosmetics Market
The luxury cosmetics market is a highly lucrative sector within the larger beauty industry. As the name suggests, luxury cosmetics are high-end products that are marketed to the affluent segment of the population. These products are typically priced much higher than their mass-market counterparts and offer superior quality, ingredients, and packaging.
Market Overview
The global luxury cosmetics market has been steadily growing over the past few years and is projected to continue its upward trajectory. According to a report by ResearchAndMarkets.com, the market is expected to reach $81.2 billion by 2026 with a CAGR of 7.1% from 2020 to 2026. Demand for luxury cosmetics is driven by several factors including rising disposable income, increased consumer awareness about the benefits of high-quality cosmetics, and the growing popularity of e-commerce platforms.
Product Categories
The luxury cosmetics market is broadly segmented into skincare, makeup, haircare, fragrance, and others. Skincare is the largest category in terms of both revenue and growth. This can be attributed to the increasing demand for anti-aging products and growing awareness about the benefits of using natural and organic skincare products. The makeup segment is also significant and comprises products such as lipstick, foundation, and mascara. Haircare and fragrance are relatively smaller categories but are still important contributors to the luxury cosmetics market.
Distribution Channels
The luxury cosmetics market is predominantly driven by e-commerce channels. Online channels offer several advantages including convenience, wider product selection, and competitive pricing. The popularity of social media platforms like Instagram has also led to the rise of influencer marketing which has become an effective tool for luxury cosmetics brands to reach their target audience. However, brick-and-mortar stores such as specialty stores and department stores continue to play a significant role in the distribution of luxury cosmetics. These stores offer a more personalized shopping experience and allow customers to try out products before purchasing.
Geographical Analysis
The luxury cosmetics market is dominated by North America and Europe. These regions have a higher concentration of affluent consumers and are home to several established luxury cosmetic brands. Asia-Pacific is the fastest-growing region due to the increasing disposable income of the middle-class population and growing demand for luxury cosmetics in countries like China and Japan.
Challenges and Opportunities
While the luxury cosmetics market offers significant growth potential, it is not without its challenges. The high price point of luxury cosmetics products and increasing competition from new entrants and established players alike pose a threat to the market. Additionally, the COVID-19 pandemic has led to a decline in consumer spending power which may impact sales in the short term. However, luxury cosmetics brands can still tap into emerging markets and capitalize on the growing demand for natural and organic products. Brands that can innovate, anticipate consumer preferences, and leverage technology effectively are well-positioned to thrive in the luxury cosmetics market.
This report provides an in-depth analysis of the global cosmetics market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20421250 - Lip make-up preparations
- Prodcom 20421270 - Eye make-up preparations
- Prodcom 20421300 - Manicure or pedicure preparations
- Prodcom 20421400 - Powders, whether or not compressed, for cosmetic use (including talcum powder)
- Prodcom 20421500 - Beauty, make-up and skin care preparations including suntan (excluding medicaments, lip and eye make-up, manicure and pedicure preparations, powders for cosmetic use and talcum powder)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global cosmetics market.
This report provides an in-depth analysis of the global eye make-up preparations market.
This report provides an in-depth analysis of the global lip make-up preparations market.
This report provides an in-depth analysis of the global market for manicure or pedicure preparations.
This report provides an in-depth analysis of the global market for talcum and cosmetic powder.
This report provides an in-depth analysis of the global market for beauty, make-up and skin care preparations.
Discover the top import markets for cosmetics around the world. China, Hong Kong SAR, United States, Singapore, and more. Get key statistics and data.
The pandemic hit the cosmetic market hard due to the closures of retail outlets. The market responds by switching to personal care goods and developing innovative digital services. While China remains the global leader in terms of cosmetics consumption, Hong Kong and Singapore feature the highest cosmetics per capita consumption in the world.
The global skin care market revenue amounted to $129.7B in 2018, surging by 9.2% against the previous year. This...
Global skin care imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, it indicated a noticeable increase from 2007 to 2016: the ...
Global skin care imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, it indicated a noticeable increase from 2007 to 2016: the ...
Explore the world's best import markets for lip make-up preparations in 2023. Discover the top countries driving growth in the global cosmetics industry.
Explore the top import markets for beauty, make-up, and skin care preparations, including countries like China, Hong Kong SAR, the United States, and more. Learn about the key statistics and market insights from IndexBox market intelligence platform.