Premium Cosmetics Market is Set to Grow USD 369.2 Billion by 2024

New York, USA, 2018-Nov-16 — /EPR Network/ —According to Goldstein Research, global beauty and personal care industry players are expanding their businesses or increasing the supply in large consumer markets such as India, South of  Russia, West Africa, East Africa, China and others. This will lead to increase the number of flagship stores and supply of premium cosmetic products into the market. Global Premium Cosmetics Market Outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. Additionally, Europe dominates the global premium cosmetic industry with a revenue share of 32.1% in 2016. France, Germany, Italy, Switzerland, Spain and the U.K. were the top countries globally for their sales of luxury goods. According to our analyst, premium cosmetics market size is expected to cross USD 369.2 billion by 2024.

Browse Full Report: https://www.goldsteinresearch.com/report/premium-cosmetics-market-global-industry-size-trends

Market Segmentation

On the basis of our in-depth analysis, global premium cosmetics market can be segmented as follows:

By Products

  • Fragrances
  • Skin Care Products
  • Color Cosmetics
  • Hair Care Products
  • Nail Care Products
  • Sun Protection Products

By Gender

  • Male
  • Female

By Distribution Channel

  • Online
  • Offline

Based on Geography

  • North America (U.S. & Canada) Premium cosmetics Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Premium cosmetics Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Premium cosmetics Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Premium cosmetics Market {Market Share (%), Market Size(USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Premium cosmetics Market {Market Share (%), Market Size(USD Billion)}

“Global Premium Cosmetics Market Outlook 2024” contains a detailed overview of the global premium cosmetics market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, by gender, and by distribution channels.

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/premium-cosmetics-market-global-industry-size-trends

Further, for the in-depth analysis, Global Premium Cosmetics Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Coach, LVMH, Puig, Shiseido, The Estée Lauder Companies Inc., Ralph Lauren Corporation, L’Oréal, Coty, Revlon, Hermès. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. The report covers the present ground scenario and the future growth prospects of the premium cosmetics market for 2016-2024.

Overall, the report represents the global premium cosmetics market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market centric approaches according to the ongoing and expected trends in the future.

Key queries countered in this global premium cosmetics market report

  • What is the global premium cosmetics market size by 2024 and what would be the expected growth rate of sales?
  • What are the premium cosmetics market trends?
  • What are the dynamics which are driving this market?
  • What are the major barriers to premium cosmetics market growth?
  • Who are the prominent vendors in this market space?
  • What are the market prospects for the current and entry level players?

Global premium cosmetics market is further bifurcated in various segments with separate market analysis mentioned below:

Middle East Luxury Cosmetics Market

The Middle East showcase solid growth rate globally, overall cosmetic industry growth is promising related to historic period. Luxury cosmetics market in Middle East to expand at a CAGR of 8.6% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 14.3 Billion by 2025 owing to growing per capita spending over premium cosmetic products.

Middle East Cosmetics Market 

The Middle East showcase solid growth rate globally, overall cosmetic industry growth is promising related to historic period. Middle East cosmetics market to expand at a CAGR of 6.4% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 32.2 Billion by 2025 owing to growing market for natural products, personalized products and services majorly in GCC countries.

UAE Cosmetics Market

Consumers in UAE are highly attracted towards the premium cosmetic products and the growth is also majorly driven by the foreign tourists in the country. Moreover, UAE’s premium cosmetic products market share is anticipated to increase from 48% in 2017 to 50% by 2020. UAE cosmetics market to expand at a CAGR of 5.3% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 4.1 Billion by 2025.

Saudi Arabia Cosmetics Market

Saudi Arabia cosmetics market is expected to reach USD 234.5 billion by the end of 2024 from USD 176.4 billion in 2016, growing at a CAGR of 3.6%. Major driving factors in the growth of Saudi Arabia cosmetics market are high disposable income of people in the country and a growing number of working women. Further, a major trend in the Saudi Arabia cosmetics market is the increasing penetration of natural and personalized products in Saudi Arabia region.

Global Cosmetics Industry

The cosmetics industry is one of those industries which faces the least impact from the economic ups & downs. The perks of e-commerce has not only benefitted the companies but also the consumers in terms of pricing & vast range of options available to them. Moreover, new customers have also been attracted through the online distribution route. Global cosmetics market size is anticipated that by 2025 the market will be valued at nearly at USD 640.0 billion, expected to be growing at a CAGR of 3.90% during the forecast period.

Global Dead Sea Mud Cosmetic Market

The mud and salts extracted from the Dead Sea, the world’s saltiest water body, are extremely beneficial for the skin and hair. Dead Sea mud is rich in minerals like magnesium, Calcium and Potassium, among others. Global Dead Sea mud cosmetics market was valued at USD 1.2 Billion in 2015, and is expected to reach USD 3.2 Billion by the end of 2024. Furthermore, the market is expected to expand at a CAGR of 14.2 % during the forecast period i.e. 2016-2024.

Halal Cosmetics Market

The halal cosmetics do not contain any kind of alcohol, petrochemicals, fatty acids and ingredients that are obtained from the animals like pig. The basic motive behind these products is to provide clean, pure and the products which do not contain any kind of ingredient which is not acceptable by the Islam. Halal cosmetics market accounted for USD 12.6 Billion in 2015 and the market is expected to reach USD 21.4 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 6.8% over the forecast period i.e. 2016-2024.

Global Cosmeceuticals Market

Growing popularity of animal friendly products is likely to contribute in the cosmeceuticals market growth during the analysis period. Global cosmeceuticals market size valued USD 43.57 billion in 2016 and is estimated to reach USD 78.29 billion by 2024 growing at a CAGR of 7.60% during the period 2016-2024.

Beauty Supplements Market

Beauty supplements are used to enhance and improve any kind of nutrient deficiency in human body, in form of pills, capsules, powdered or liquid form. Global beauty supplements market accounted for USD 3.5 Billion in 2016 and the market is expected to reach USD 6.8 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 8.6% over the forecast period i.e. 2016-2024.

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