Global Luxury Skin Care Products Market Overview:
Luxury skincare products are costly products which are intended to soften, moisturize, hydrate skin, and remove makeup, dirt, oil, & dead skin cells. Skincare products market has high growth prospects owing to the increasing working women population and improved spending capacity by them. Also, increasing demand for natural and organic skincare products is generating lucrative opportunities and propelling players to innovate new products according to the changing customer preference. Some of the major players in the luxury skincare market are SkinCeuticals, SkinMedica Inc., Obagi, L’Oréal S.A., Avène, Unilever, and others. The luxury skincare market is expected to witness augmenting demand for facial toners, serums, face masks, and other products owing to variable climatic conditions, and skin aging thereby contributing towards revenue growth. Some of the players profiled in the study are The Estée Lauder Companies, Inc. (United States), L’Oréal S.A. (France), Coty (United States), SkinCeuticals (United States), SkinMedica Inc. (United States), Obagi (United States), Avène (France), EMINENCE ORGANIC SKIN CARE (United States), Colgate-Palmolive (United States) and Premium cosmetics (United Kingdom).
On the basis of geography, the market of Luxury Skin Care Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hypermarkets and Supermarkets will boost the Luxury Skin Care Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Men will boost the Luxury Skin Care Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Need for Skin Care Products Owing To Changing Climatic Conditions
- Increasing Demand from the Working Women Population
- Changing Lifestyle Standard Fuelled By Rise in Disposable Income
- Attractive Promotional and Marketing Strategies with Celebrity Endorsements
- Product Innovation According To Customer Preferences
- High Cost of Luxury Skin Care Products
- Side Effects of Chemical Based Cosmetics
- Less Shelf Life of the Skin Care Products
- Increasing Online Sales Channel for Luxury Skin Care Products
- Growing Demand for Organic and Natural Skin Care Products
- Rising Demand from the Developing Economies
- Advanced Medical Beauty Treatments
- Easy Availability of Forged Products
- High Competition by Low Priced Alternatives
Key Market Developments:
October 2018, L’Oreal Paris collaborated with fashion designer Sabyasachi Mukherjee to launch L’Oreal Paris x Sabyasachi, a 21 piece limited-edition line of color cosmetics which is a festive makeup collection.
December 2018, MyGlamm launch an exclusive cosmetic collection, Manish Malhotra Haute Couture Makeup. The premium collection includes 46 products ranging from glosses, nail varnishes highlighters, eyeshadow palettes, and lipsticks.
The global luxury skincare products market is highly fragmented owing to the number of players present in the market. Market leaders are focusing on product innovation and outer look owing to increasing demand for natural ingredients in skincare products. Such niche level up-gradation is expected to maintain demand for skincare products, thereby ensuring long-standing of the industry.
Luxury Skin Care Products Manufactures, Luxury Skin Care Products Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Luxury Skin Care Products market on the basis of product [Moisturizers, Facial Treatments, Face Masks, Cleansers, Eye Creams, Lip Care and Facial Toners & Serums] , application [Anti-Aging, Blackheads, Dark Circles and Loss of Firmness], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Luxury Skin Care Products market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Luxury Skin Care Products industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Unilever (United Kingdom), Beiersdorf Inc. (Germany), Drunk Elephant (United States), Johnson and Johnson (United States), Avon Products, Inc. (United Kingdom) and The Procter & Gamble Company (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Luxury Skin Care Products market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.