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Global Premium Cosmetics Market 2018-2022 | Evolving Opportunities with Coty and Estée Lauder | Technavio

November 26, 2019
Global Premium Cosmetics Market 2018-2022 | Evolving Opportunities with Coty and Estée Lauder | Technavio
Global Premium Cosmetics Market 2018-2022 | Evolving Opportunities with Coty and Estée Lauder | Technavio

LONDON--(BUSINESS WIRE)--Nov 26, 2019--

Technavio has been monitoring the global premium cosmetics market since 2014 and the market is poised to grow by USD 36.53 billion during 2018-2023, progressing at a CAGR of more than 5% during the forecast period. Request free sample pages

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Technavio has announced its latest market research report titled global premium cosmetics market 2018-2022 (Graphic: Business Wire)

Read the 131-page report with TOC on “Premium Cosmetics Market Analysis Report by Product (Premium skincare products, Premium fragrance products, Premium color cosmetics products, Premium hair care products, Premium sun care products, Premium deodorants, Premium baby care products, and Premium bath products), Distribution Channel (Offline and Online), Geography (Americas, APAC, and EMEA), and the Segment Forecasts, 2018-2022”.

The market is driven by innovation and portfolio expansion leading to product premiumization. In addition, increased demand for premium skincare products is anticipated to boost the growth of the premium cosmetics market.

With rising disposable incomes across the world, consumers are increasing their spend on premium cosmetics that address multiple concerns such associated with the skin, hair, and baby care. This is encouraging vendors to focus on expanding their existing product portfolios with new premium cosmetics. Many vendors are introducing skincare products that offer multifunctional benefits such as anti-aging properties. The introduction of such innovative products is boosting the revenues of vendors, thereby driving the growth of the market.

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Major Five Premium Cosmetics Companies:

Coty

Coty operates the business across segments such as Consumer Beauty, Luxury, and Professional Beauty. The company offers premium cosmetics products across different segments such as skincare, hair care, fragrances, and others, under brands such as Marc Jacobs, Calvin Klein, Chloé, Gucci, Hugo Boss, Tiffany & Co, Balenciaga, Bottega Veneta, Alexander McQueen, Davidoff, Burberry and Miu Miu, Lancaster, and philosophy.

Estée Lauder

Estée Lauder operates the business across segments such as Makeup, Skin Care, Fragrance, Hair Care, and Other. The company sells premium cosmetics products across all the different segments others under brands such as AERIN Beauty, BECCA, M.A.C, Clinique, Bobbi Brown Cosmetics, DKNY, La Mer, Too Faced, Smashbox, and Estée Lauder.

L’Oréal

L’Oréal operates the business across segments such as Professional Products Division, Consumer Products Division, L’Oréal Luxe Division, and Active Cosmetics Division. The company sells premium cosmetics products across all the segments under brands such as Lancôme, Yves Saint Laurent, Giorgio Armani, Kiehl’s, Urban Decay, Shu Uemura, Yue Sai, Clarisonic, Ralph Lauren, Viktor&Rolf, Diesel, Cacharel, Maison Margiela, L’Oréal Professionnel, Kérastas, and others.

LVMH

LVMH operates the business across segments such as Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, and Selective Retailing and Other activities. The company sells premium cosmetics products across different segments, under brands such as Acqua di Parma, Benefit Cosmetics, Fenty Beauty by Rihanna, Fresh, Givenchy Parfums, Guerlain, Kat Von D Beauty, Kenzo Parfums, Maison Francis Kurkdjian, Make Up For Ever, Parfums Christian Dior, and Perfumes Loewe.

Shiseido

Shiseido operates the business across segments such as Japan Business, China Business, Asia Pacific Business, Americas Business, EMEA Business, Travel Retail Business, and Professional Business. The company sells premium cosmetics products across different segments such as skincare, makeup, fragrances, and others, under brands such as bareMinerals, Clé de Peau Beauté, d’icilà, IPSA, Laura Mercier, NARS, SHISEIDO, and others.

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Premium Cosmetics Product Outlook (Revenue, USD Billion, 2018 – 2022)

Premium Cosmetics Distribution Channel Outlook (Revenue, USD Billion, 2018 – 2022)

Premium Cosmetics Regional Outlook (Revenue, USD Billion, 2018 – 2022)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Consumer Staples Include:

Global Personal Luxury Goods Market – Global personal luxury goods market by product (accessories, apparel, hard luxury, cosmetics, and others) and geography (APAC, Europe, MEA, North America, and South America).

Global Oil Control Lotion Market – Global oil control lotion market by geography (APAC, Europe, MEA, North America, and South America) and distribution channel (online and offline).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191126005364/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: FASHION COSMETICS RETAIL LUXURY CONSUMER WOMEN BABY/MATERNITY

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/26/2019 09:00 AM/DISC: 11/26/2019 09:01 AM

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