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Global Premium Cosmetics Market Study

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Stefen Woods

The Premium Cosmetics market was valued at USD 135.5 Billion in 2020, and it is expected to reach a value of USD 172.2 Billion by 2027, at a CAGR of 3.50% over the forecast period (2020 - 2027).


The premium cosmetics industry is led by the rising demand for natural and organic products. Premium cosmetics brands are redefining themselves in order to meet consumer’s demands while providing the best quality at the lowest price. Makeup has been used as a beauty aid for ages, and as the focus on visual aesthetics and attractiveness is increasing, the industry is witnessing significant growth. Moreover, the increasing demand for long-lasting makeup products and anti-ageing products due to the rising beauty consciousness is aiding the market growth. The rising economic independence of women consumers has increased their purchasing power, further invigorating the market growth. The development of products with ethical, experimental, innovative, and authentic qualities, along with the growing focus on longevity, is boosting the market growth. Rising awareness regarding personal grooming is also lubricating the market growth.


The rising consumer awareness and the shift from mass-produced to premium products have significantly increased in the past few years. Additionally, the demand for products with high efficiency and active ingredients is also catalysing the market growth. Moreover, increasing brand recognition and the launch of new products by the major brands are also boosting the market. Also, new makeup trends related to elevated hygiene and clean and transparent skin is expected to augment the industry growth. The rising concerns about various skin problems such as acne and pimples are also contributing to the market growth.


Global Premium Cosmetics Market Segmentation

The Global Premium Cosmetics market is segmented based on Distribution channel, Product, and Region. Based on Distribution channel it is categorized into: Hypermarkets/Supermarkets, Specialty Stores, Pharmacy and Drug Stores, Online Retail Stores, Other Distribution Channels. Based on Product it is categorized into: Skincare, Haircare, Makeup, Fragrance. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.


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Stefen Woods
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