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[PDF] Premium Cosmetics Market 2021- Know The Analysis And Trends Forecast In Near Future – Coherent Market Insights

This report calculates the Premium Cosmetics Market size, future trends, demand, revenue, price, growth, market drivers, opportunities and challenges, sales channels and distributors, and forecast (2021-2027). The competition in the global Premium Cosmetics industry is analyzed, taking into consideration price, revenue, sales, and market share by company, market concentration rate, competitive situations and trends, expansion, merger and acquisition, and market shares of top companies.

(Our SAMPLE COPY of the report gives a brief introduction of the Premium Cosmetics market, Detailed TOC, key players of the market, list of tables and figures, and comprising key countries & regions.)

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Some of the Key Competitors or Companies Included In the Study 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.

What Is Premium Cosmetics Market?

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.

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.

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 lifestyle. For instance, L’Oreal Paris launched an augmented reality (AR)-powered beauty app, Make up Genius, which turns the screen of the iPhone into mirrors to over-lay make-up onto the user’s face. 

 

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Frequently Asked Questions (FAQ) :

1) What Are The Major Factors Driving The Market Growth?

✍︎ Increasing application of industrial microbiology in healthcare and end-use industries and increasing adoption of inorganic growth strategies by key players are expected to drive the market growth over the forecast period.

2) Which is the leading product type segment in the Market?

✍︎ Reaction consumables are the leading product type segment in the Market.

3) What are the key factors hampering the growth of the market?

✍︎ High risk of contamination is the major factor restraining the growth of the Market

4) Which are the major players operating in the market?

✍︎ Major players operating in the 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.

5) How Many Clients You Served?

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Key Benefits

✍︎  Major countries in each region are mapped according to individual market revenue.
✍︎  Comprehensive analysis of factors that drive and restrict the market growth is provided.
✍︎  The report includes an in-depth analysis of current research and clinical developments within the market.
✍︎  Key players and their key developments in recent years are listed.

And More…

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunities.

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