Premium cosmetics products Market Research and Development, Demand, Regions, Analysis of Key Players to 2027
Rising sale of premium cosmetics is driven majorly by
developing economy and rising disposable income. Product recall created among
the consumers based on product promotions by famous celebrities is influencing
the growth of this market positively. Premium cosmetics show instant results on
the skin and show comparatively less side effects, which is one of the major
factors driving this market. The production and the consumption of premium
cosmetics is high in North America and is projected to increase at a positive
growth rate in various countries of Europe and Asia Pacific over the given
forecast period.
Premium
cosmetic products Market manufacturers
Market Forecast:
The global premium cosmetics market share is expected to grow
at a higher growth rate supported by positive influencing of the fashion sector
on this market. Technological strides are resulting in improved product
quality, which is also adding fuel to the growth of this market. Increasing
demand for specialty effective ingredients containing cosmetics is further
projected to increase the sale of the product.
All these factors will contribute to the estimated CAGR of
3.5% of premium cosmetics market during the forecast period 2017-2023.
Competitive Analysis:
The key players in the premium cosmetics market are
- Coty,
Inc. (U.S.)
- Estée
Lauder Companies Inc. (U.S.)
- Chanel
S.A. (France)
- L'Oréal
S.A. (France)
- LVMH
Moët Hennessy Louis Vuitton SE (France)
- Shiseido
Co.,Ltd. (Japan)
- Kao
Corporation (Japan)
Premium cosmetics manufacturers across various regions are
following the strategy of product innovations and increased focus on R & D
to penetrate the global market and to meet the growing demand for the product.
Enhancement of the product quality and increasing production of vegan and
organic products will further attract the consumers to choose from various
available options from premium cosmetics. In North America, the U.S. dominates
premium cosmetics market and exports the product to various other countries,
which include Canada, the U.K., China, Australia, and others.
Regional Analysis:
The global premium cosmetics market is segmented into North
America, Europe, Asia Pacific, and rest of the world (RoW). North America holds
a major market share followed by Europe. High demand for premium cosmetics from
the developed countries of these regions is contributing to the positive growth
of the premium cosmetics market. The U.S., China, the U.K., Germany and
Singapore are the major importers of premium cosmetics. Developed trading
channels and high demand for healthy food are also driving the growth of the
market in these countries.
Complete Report Details @ https://www.marketresearchfuture.com/reports/premium-cosmetics-market-4435
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