Premium Beauty Market Projected to reach $157 million by 2024 | L’Oreal S.A., LVMH, Estee Lauder Companies, Beiersdorf AG, Coty, Procter & Gamble Company

Press Release

The global premium beauty market is estimated to reach US$156.21 billion in 2023, growing at a CAGR of 6.94% for the period spanning from 2019 to 2023.

The research dives deep into the global share, size, and trends, as well as growth rate of the Premium Beauty market to project its progress during the forecast period, i.e., 2019–2027. Most importantly, the report further identifies the past, present, and future trends that are expected to influence the development rate of the Premium Beauty market. The research segments the market on the basis of product type, application, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, demand and production capability across different countries.

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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Premium Beauty market.

The factors such as increasing female working population, rising middle class population, increasing millennials population and improving economy are expected to drive the market. However, growth of the industry will be challenged by high competition, stringent regulations and testing and ingredient requirement. A few notable trends include increasing focus on environmental sustainability, strong e-commerce growth, shift towards organic products, innovative packaging cosmetics and rising demand for multipurpose products.

The major manufacturers covered in this report: L’Oreal S.A., LVMH, Estee Lauder Companies Inc., Beiersdorf AG, Coty Inc. and Procter & Gamble Company

The global premium beauty market is broadly segmented into four types, which are, skin care, hair care, fragrances and color cosmetics. Increasing demand for advanced products for skin care and hygiene helped skin care to remain at top position amongst all the segments. In the premium beauty market, skin care accounted for the highest share in 2018.

Researchers conducting the research also carry out a comprehensive analysis of the recent amendments in the government regulation and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.

The report profiles the key players in the industry along with a detailed analysis of their individual positions against the global landscape. The researcher provides an extensive analysis of the Premium Beauty market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Scope of the report:

– The report provides a comprehensive analysis of the global premium beauty market, segmented into skin care, hair care, fragrances and color cosmetics products.

– The major regional markets have been analyzed, along with country coverage of the U.S., UK, Japan and China.

– The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

– The competitive landscape of the market, along with the company profiles of leading players (L’Oreal S.A., LVMH, Estee Lauder Companies Inc., Beiersdorf AG, Coty Inc. and Procter & Gamble Company) are also presented in detail.

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Key points from Table of Content:

1.Beauty Products

2. Global Beauty Market Analysis

3. Global Premium Beauty Market Analysis

4. Regional Premium Beauty Market Analysis

5. Market Dynamics

6. Competitive Landscape

7. Company Profiles

Scope of the study:

  • The report conducts a detailed analysis of the evolving market dynamics
  • It gives a holistic view of various drivers and restraints operating in the market
  • The forecast spans 6 years and predicts the prospective progress of the sector
  • It categorizes the prominent product segments and their future growth scenario
  • The market insights derived after a thorough investigation of the industrial segments and subsegments enable readers make informed decisions.

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