What is Premium Cosmetics Market?
Increasing disposable income of the people in developing regions, increased promotional activities by manufacturers and increasing skin-related concerns among the consumers are the factors boosting the premium cosmetics product demand. Cosmetics are products with active ingredients that are known to be beneficial to humans in some way. Premium cosmetics are high-quality products that contain ingredients that help to improve skin health. The major brands are investing hugely in the research and development activities to fulfill the all demands of the customers.
The market study is being classified by Type (Face Products (Foundation, Face Powder, Contouring Products, and Others), Eyes Products (Eyeshadow, Mascara, Eyeliners, and Others) and Lip Products (Lipsticks, Lip balm, and Others)) and major geographies with country level break-up. According to AMA, the Global Premium Cosmetics market is expected to see growth rate of 4.1%
L'Oréal S.A. (France), The Estée Lauder Companies Inc. (United States), Shiseido Company (Japan), Christian Dior SE (France), Chanel SAS (France), Charlotte Tilbury Beauty Inc. (United Kindom), LVMH Moët Hennessy - Louis Vuitton (France), Huda Beauty FZ-LLC (United Arab Emirates), Stila Styles, LLC (United States), Kosé Corporation (Japan), Anastasia Beverly Hills Inc. (United States), King Kylie, LLC (United States) and Bare Escentuals, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Maesa Ecommerce Inc United States) and The Unilever Group (United Kingdom).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Premium Cosmetics market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Premium Cosmetics market by Type, Application and Region.
On the basis of geography, the market of Premium Cosmetics 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Disposable Income of the People in Developing Regions
- Increasing Demand for Anti-aging Products
- Rise in the Online Customers
- Growing Demand for Herbal Products
- Robust Increase in the Distribution Channels
- Fluctuations the Raw Material Prices
- Growth in the Cosmetic Industry Worldwide
- Growth in the E-commerce Industry
- Increasing Consumer Awareness
- Slowdown of the World Economy Hampering the Market
Key Target AudiencePremium Cosmetics Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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