Luxury Cosmetics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Luxury cosmetics are those that are made with organic and high-quality components and are sold at a greater price than its drugstore counterparts. They are divided into four categories: skincare, haircare, makeup, and perfumes.

MARKET DYNAMICS

Individuals use cosmetics to wash and enhance the physical aspects of their skin on a regular basis. Within the expanding cosmetics business, luxury products or luxury cosmetics have dominated the market with a diverse selection of products made with organic and high-quality materials. When compared to their drugstore counterparts, these products are very expensive. Skincare, makeup, hair care, and perfumes are all included in luxury cosmetics.

MARKET SCOPE

The "Global Luxury Cosmetics Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the luxury cosmetics market with detailed market segmentation by type, category and distribution channel. The global luxury cosmetics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading luxury cosmetics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global luxury cosmetics market is segmented into type, category and distribution channel. By type, the luxury cosmetics market is classified into skincare, hair care, makeup, fragrances, others. By category, the luxury cosmetics market is classified into organic, conventional. By distribution channel, the luxury cosmetics market is classified into supermarkets and hypermarkets, specialty stores, online retail, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global luxury cosmetics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The luxury cosmetics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the luxury cosmetics market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the luxury cosmetics market in these regions.

MARKET PLAYERS

The report covers vital developments in the luxury cosmetics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the luxury cosmetics market are anticipated to witness lucrative growth opportunities in the future with the rising demand for luxury cosmetics in the global market. Below mentioned is the list of few companies engaged in the luxury cosmetics market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the luxury cosmetics market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   L'Oreal Group
  
•   Shiseido Company Limited
  
•   LVMH SE (Christian Dior)
  
•   Puig SL
  
•   Coty, Inc. (JAB Cosmetics B.V.)
  
•   Revlon, Inc. (MacAndrews & Forbes)
  
•   Estee Lauder Companies, Inc.
  
•   Oriflame Cosmetics AG
  
•   Ralph Lauren Corporation
  
•   Avon Products, Inc.
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Luxury Cosmetics Report Scope