Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Rapid industrialization, changing standards of living coupled with the rising awareness regarding personal grooming products is leading to expansion of the customer base for premium cosmetics products. According to Trading Economics Statistics on United States Disposable Personal Income, the disposable personal income in the U.S. averaged US$ 5200.2 billion in 1959, reaching an all-time high of US$ 15,742.81 billion in November 2018.

The global premium cosmetics market is projected to surpass US$ 92,959.5 million by the end of 2027 in terms of revenue, growing at CAGR of 6.4% during the forecast period (2020 to 2027).

Drivers

The growing awareness about premium ingredients and their positive effect on the skin has led to a shift in consumer preference from traditional or mass produced cosmetics to premium cosmetics. Moreover, there is rising concern among consumers about various skin care problems such as aging spots, acne, and pigmentation which is driving the adoption of premium skin care cosmetics.

Regionally, Asia Pacific dominated the global premium cosmetics market in 2019, reporting 34.7% market share in terms of revenue, followed by North America and Europe, respectively.

Figure 1. Global Premium Cosmetics Market, Revenue Share (%), By Region, 2019

Premium Cosmetics  | Coherent Market Insights

Market Restraints

The availability of counterfeit cosmetic products and stringent government regulations on cosmetics is expected to hamper the growth of the global premium cosmetics market during the forecast period.

Market Opportunities

Key players are focusing on launching new products in the premium cosmetics market to create growth opportunities at a global level. For instance, in September 2018, Chanel launched its first makeup collection for men in South Korea. The collection includes a tinted, fluid, and matte moisturizing lip balm, and eyebrow pencil.

Moreover, in 2016, Chanel launched a new range of nail polish; Le Vernis Longwear Nail Colour. The new collection has 16 variants, and is dibutyl phthalate, formaldehyde, camphor, and toluene free. These product launches are expected to attract a larger consumer base during the forecast period and help the company in increasing its market position.

Figure 2. Global Premium Cosmetics Market – Opportunity Analysis

Premium Cosmetics  | Coherent Market Insights

Market Trends

The growth of the premium cosmetics market is driven by the direct influence of digitization. Moreover, the penetration of internet and social media has helped the companies in boosting brand awareness.

The availability of information on cosmetics through online sources is driving demand for personalization of cosmetic products to meet individual needs and life>

Figure 3. Global Premium Cosmetics Market, Revenue Share (%), By Product Type, 2019

Premium Cosmetics  | Coherent Market Insights

Based on product type, the premium cosmetics market is segmented into skin care, hair care, fragrances & perfumes, sun care, baby care and others. In 2019, the skin care segment accounted for 38.6% of the revenue share.

Premium Cosmetics Market - Impact of Coronavirus (Covid-19) Pandemic

The global premium cosmetics market is expected to witness a declining growth in 2020 owing to the severe impact of Covid-19 pandemic. Segments such as skin care are expected to grow during the forecast period. However, color cosmetics and fragrances & perfumes, among other products are expected to witness a declining demand. Further, the brick and mortar stores are expected to witness decline their sales with increasing demand for online stores during the pandemic as well as in the near future.

Competitive Section

Key players operating in the global premium cosmetics market are Avon Products Inc., Chanel S.A., Coty, Inc., KAO Corporation, L'Oréal S.A., LVMH, Oriflame Cosmetics Global SA, Revlon, Inc., Shiseido Company Ltd., and The Estée Lauder Companies Inc.

The global premium cosmetics market is expected to exhibit a CAGR of 6.4% during the forecast period owing to rising awareness about personal care, among consumers.

Among distribution channel, the offline segment is dominated the global premium cosmetics market in 2019. Offline channels are a combination of hypermarkets, supermarkets, discount stores, convenience stores, and specialty stores. Hypermarkets combine supermarkets and discount and departmental stores which results in bulk availability of different products at one place. Thus, customers prefer hypermarkets for bulk purchasing of daily goods. Moreover, consumer loyalty is a key driver which is expected to boost growth of the offline segment in the global premium cosmetics market during the forecast period.

Among regions, Asia Pacific is expected to account for a significant market share during the forecast period (2020-2027) owing to the growing consumer preference for organic products over chemical-based products, and the increasing disposable income. According to the International Trade Administration (ITA), Japan is one of the largest markets for personal care products in the world. In 2015, the cosmetics market in Japan was valued at US$ 13,208; and in 2014, per person annual expenditure on personal care and cosmetics was US$ 174. Moreover, according to the International Trade Administration (ITA), and U.S. Department of Commerce, the Indian Beauty and Personal Care (BPC) industry was valued at US$ 8 billion in 2016, and it is expected to exhibit a CAGR of 5 to 6% during the forecast period (2017-2021).

Furthermore, several international skin care products brands are focusing on entering the market in Asia Pacific. For instance, Malu Wilz, a premium German skin care products brand, partnered with Kaunis Marketing Services Pvt Ltd. in India, in 2017, to enter the Indian skin care products market.

Key features of the study:

  • This report provides in-depth analysis of premium cosmetics market and provides market size (US$ Million) and cumulative annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global premium cosmetics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Avon Products Inc., Chanel S.A., Coty, Inc., KAO Corporation, L'Oréal S.A., LVMH, Oriflame Cosmetics Global SA, Revlon, Inc., Shiseido Company Ltd., and The Estée Lauder Companies Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology upgradation, market expansion, and marketing tactics
  • The global premium cosmetics market report caters to various stakeholders in this industry including investors, suppliers, premium cosmetics manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the premium cosmetics market

Detailed Segmentation:

  • Global Premium Cosmetics Market, By Product Type:
    • Skin Care
    • Hair Care
    • Fragrances & Perfumes
    • Sun Care
    • Baby Care
    • Others
  • Global Premium Cosmetics Market, By Distribution Channel:
    • Online
    • Offline
  • Global Premium Cosmetics Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Canada
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
    • Europe
      • U.K.
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Italy
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • France
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Germany
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Spain
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Russia
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Rest of Europe
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
    • Asia Pacific
      • China
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • India
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Japan
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • ASEAN
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Australia
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • South Korea
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Rest of Asia Pacific
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
    • Latin America
      • Brazil
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Argentina
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Mexico
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Rest of Latin America
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
    • Middle East & Africa
      • Middle East
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline
      • Africa
        • By Product Type:
          • Skin Care
          • Hair Care
          • Fragrances & Perfumes
          • Sun Care
          • Baby Care
          • Others
        • By Distribution Channel:
          • Online
          • Offline         
  • Company Profiles
    • Avon Products Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Chanel S.A.
    • Coty, Inc.
    • KAO Corporation
    • L'Oréal S.A.
    • LVMH
    • Oriflame Cosmetics Global SA
    • Revlon, Inc.
    • Shiseido Company Ltd.
    • The Estée Lauder Companies Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Premium Cosmetics Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Premium Cosmetics Market – COVID-19
    • Impact Analysis
  5. Global Premium Cosmetics Market, By Product Type, 2017- 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Skin care   
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn)
    • Hair Care  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn)
    • Fragrances & Perfumes  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn)
    • Sun Care 
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn)
    • Baby Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn)
  6. Global Premium Cosmetics Market, By Distribution Channel, 2017- 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Online
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn)
    • Offline
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn)
  7. Global Premium Cosmetics Market, By Region, 2017- 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
    • Latin America
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
    • Europe
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
    • Asia Pacific
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
    • Middle East & Africa
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
        • Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017- 2027 (US$ Mn)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Avon Products Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Chanel S.A.   
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Coty, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • KAO Corporation    
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • L'Oréal S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • LVMH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Oriflame Cosmetics Global SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Revlon, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Shiseido Company Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • The Estée Lauder Companies Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 40 market data tables* and 20 figures* on "Premium Cosmetics Market” - Global forecast to 2027.

Frequently Asked Questions

The market for global premium cosmetics is projected to surpass US$ 92,959.5 million by 2027 witnessing a CAGR of 6.4% between 2020 and 2027.
Rapid industrialization, changing standards of living, and the rising awareness regarding personal care are the major factors that expected to drive the market growth during the forecast period.
Promotion of premium cosmetics through digitization is a major trend that is expected to positively impact the growth of the global premium cosmetics market during the forecast period.
Availability of counterfeit products and stringent government regulations on cosmetics can hamper the growth of the premium cosmetics market during the forecast period.
Major players operating in the global premium cosmetics market include Avon Products Inc., Chanel S.A., Coty, Inc., KAO Corporation, L'Oréal S.A., LVMH, Oriflame Cosmetics Global SA, Revlon, Inc., Shiseido Company Ltd., and The Estée Lauder Companies Inc.
The global premium cosmetics market is estimated to reach a value over US$ 92,959.5 million in terms of revenue by 2027.
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