Luxury Cosmetics Market to reach a market size of $75.5 billion by 2025
According to a new report Global Luxury Cosmetics Market, published by KBV Research, the Global Luxury Cosmetics Market size is expected to reach $75,524.5 million by 2025, rising at a market growth of 5.6% CAGR during the forecast period. The Europe market dominated the Global Luxury Cosmetics Market by Region 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $24024.3 million by 2025, growing at a CAGR of 4.9 % during the forecast period. The Asia Pacific market is expected to witness a CAGR of 7.4% during (2019-2025). Additionally, the North America market is expected to witness a CAGR of 3.5% during (2019-2025).
The Conventional Luxury Cosmetics market captured the highest market share in Global Luxury Cosmetics Market by Type 2018, and is expected to retain its dominance market till 2025, growing at a growth of 5% CAGR during the forecast period. The Organic Luxury Cosmetics market is predicted to experience a growth of 6.9% CAGR during (2019-2025
The Skincare market registered the largest revenue share to Global Luxury Cosmetics Market by Product Type 2018, and would achieve a market value of $24,310.6 million by 2025. The Haircare market is estimated to witness a growth of 4.5% during (2019-2025). The
By End User, the Europe market dominated the Global Female Luxury Cosmetics Market by Region 2018. The Asia Pacific market would exhibit a growth of 7.1% CAGR during (2019-2025). However, the North America market is expected to witness a growth rate of 3.1% CAGR during (2019-2025).
Full Report: https://www.kbvresearch.com/luxury-cosmetics-market/
The Luxury Cosmetics market report has segmented the market on the basis of type, product type, end-user, distribution channel, and region. Organic and conventional products are covered in the type segment. The product type segment comprises skincare, makeup, haircare, and fragrances. On the basis of end-user, the market is categorized into males and females. The distribution channel segment includes e-commerce, specialty/mono-brand stores, supermarket/hypermarket, and others. The regional market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major market players expanding their reach in the global luxury cosmetics market are L’Oréal, Christian Dior, Shiseido Company, Limited, Puig, Coty Inc., Revlon, Inc., Kao Corporation, Oriflame Cosmetics AG, The Estée Lauder Companies Inc., and KOSé Corporation. . The market players are adopting progressive strategies to leverage the opportunities of the market. Companies are focusing on innovative strategies to compete in the market space.
Global Luxury Cosmetics Market Segmentation
By Type
Conventional Luxury Cosmetics
Organic Luxury Cosmetics
By Product Type
Skincare
Haircare
Makeup
Fragrances
By Distribution Channel
E-commerce
Supermarket/Hypermarket
Specialty stores and Monobrand stores
Others
By End User
Male
Female
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Companies Profiled
L'Oréal Group
Shiseido Company Limited
LVMH SE (Christian Dior)
Puig SL
Coty, Inc. (JAB Cosmetics B.V.)
Revlon, Inc. (MacAndrews & Forbes)
Estee Lauder Companies, Inc.
Oriflame Cosmetics AG
Ralph Lauren Corporation
Avon Products, Inc.
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