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Luxury Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global luxury cosmetics market reached a value of US$ 47.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 64.55 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Luxury cosmetics are manufactured using premium ingredients and they are widely available in sophisticated packaging. They comprise skincare, haircare, makeup products and fragrances that are sold at a higher price as compared to the drugstore cosmetics. They offer high-end quality, consistency and longevity, which have a noticeable effect on the skin. Some of the variants can effectively clean the top layer of the skin without causing damage and aid in preventing negative environmental impact.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Luxury Cosmetics Market Trends:

Due to a rise in the disposable income levels of individuals, especially in developing regions, there is an increase in the demand for luxury cosmetics. This, along with the growing awareness about the benefits of using luxury cosmetics, represents one of the key factors driving the market. Additionally, there is a rise in the penetration of the internet, which has resulted in the expansion of the e-commerce industry across the globe. This, coupled with the wide availability of luxury cosmetics through online and offline distribution channels, is propelling the growth of the market. Moreover, the escalating demand for halal cosmetics among consumers due to the presence of powerful actives and proven vegan ingredients is positively influencing the market. Besides this, the rising utilization of luxury cosmetics to solve hair and skin related problems, such as hair fall, dandruff, skin rashes, and acne, is offering lucrative growth opportunities to industry investors. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce anti-aging cosmetics, fragrances, and oral care products, which is catalyzing the demand for luxury cosmetics. Furthermore, the escalating demand for high-performing color cosmetic products among fashion professionals is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury cosmetics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, type, distribution channel and end user.

Breakup by Product Type:

 

 
 

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  • Skincare
  • Haircare
  • Makeup
  • Fragrances
     

Breakup by Type:

  • Organic
  • Conventional
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty and Monobrand Stores
  • Online Stores
  • Others
     

Breakup by End User:

  • Male
  • Female
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Avon Products Inc. (Natura & Co.), Coty Inc., Estée Lauder Companies Inc., Kao Corporation, Kosé Corporation, L'Oréal S.A., LVMH Moët Hennessy Louis Vuitton, Oriflame Cosmetics AG, Puig, Revlon Inc., Shiseido Company Limited and Tatcha LLC.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Type, Distribution Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Avon Products Inc. (Natura & Co.), Coty Inc., Estée Lauder Companies Inc., Kao Corporation, Kosé Corporation, L'Oréal S.A., LVMH Moët Hennessy Louis Vuitton, Oriflame Cosmetics AG, Puig, Revlon Inc., Shiseido Company Limited and Tatcha LLC.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Luxury Cosmetics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Skincare
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Haircare
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Makeup
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Fragrances
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Type
    7.1    Organic
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Conventional
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Supermarkets and Hypermarkets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Specialty and Monobrand Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Online Stores
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End User
    9.1    Male
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Female
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Avon Products Inc. (Natura & Co.)
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 SWOT Analysis
        15.3.2    Coty Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 SWOT Analysis
        15.3.3    Estée Lauder Companies Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 SWOT Analysis
        15.3.4    Kao Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 SWOT Analysis
        15.3.5    Kosé Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 SWOT Analysis
        15.3.6    L'Oréal S.A.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 SWOT Analysis
        15.3.7    LVMH Moët Hennessy Louis Vuitton
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 SWOT Analysis
        15.3.8    Oriflame Cosmetics AG
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 SWOT Analysis
        15.3.9    Puig
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 SWOT Analysis
        15.3.10    Revlon Inc. 
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 SWOT Analysis
        15.3.11    Shiseido Company Limited
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 SWOT Analysis
        15.3.12    Tatcha LLC
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 SWOT Analysis

List of Figures

Figure 1: Global: Luxury Cosmetics Market: Major Drivers and Challenges
Figure 2: Global: Luxury Cosmetics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Luxury Cosmetics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Luxury Cosmetics Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Luxury Cosmetics Market: Breakup by Type (in %), 2021
Figure 6: Global: Luxury Cosmetics Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Luxury Cosmetics Market: Breakup by End User (in %), 2021
Figure 8: Global: Luxury Cosmetics Market: Breakup by Region (in %), 2021
Figure 9: Global: Luxury Cosmetics (Skincare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Luxury Cosmetics (Skincare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Luxury Cosmetics (Haircare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Luxury Cosmetics (Haircare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Luxury Cosmetics (Makeup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Luxury Cosmetics (Makeup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Luxury Cosmetics (Fragrances) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Luxury Cosmetics (Fragrances) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Luxury Cosmetics (Organic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Luxury Cosmetics (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Luxury Cosmetics (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Luxury Cosmetics (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Luxury Cosmetics (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Luxury Cosmetics (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Luxury Cosmetics (Specialty and Monobrand Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Luxury Cosmetics (Specialty and Monobrand Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Luxury Cosmetics (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Luxury Cosmetics (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Luxury Cosmetics (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Luxury Cosmetics (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Luxury Cosmetics (Male) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Luxury Cosmetics (Male) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Luxury Cosmetics (Female) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Luxury Cosmetics (Female) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia-Pacific: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia-Pacific: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: Luxury Cosmetics Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: Luxury Cosmetics Market: Breakup by Country (in %), 2021
Figure 81: Middle East and Africa: Luxury Cosmetics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Global: Luxury Cosmetics Industry: SWOT Analysis
Figure 83: Global: Luxury Cosmetics Industry: Value Chain Analysis
Figure 84: Global: Luxury Cosmetics Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Luxury Cosmetics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Luxury Cosmetics Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Luxury Cosmetics Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Luxury Cosmetics Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Luxury Cosmetics Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Luxury Cosmetics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Luxury Cosmetics Market: Competitive Structure
Table 8: Global: Luxury Cosmetics Market: Key Players


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Key Questions Answered in This Report

The global luxury cosmetics market was valued at US$ 47.35 Billion in 2021.

We expect the global luxury cosmetics market to exhibit a CAGR of 5.10% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of luxury cosmetics.

The increasing consumer consciousness towards physical appearances, coupled with the rising preferences for cosmetic products with high-end quality, consistency, and longevity, that provide a noticeable effect on the skin without causing any damage, are primarily driving the global luxury cosmetics market.

Based on the product type, the global luxury cosmetics market has been segmented into skincare, haircare, makeup, and fragrances. Currently, skincare holds the majority of the total market share.

Based on the type, the global luxury cosmetics market can be divided into organic and conventional, where conventional currently exhibits a clear dominance in the market.

Based on the distribution channel, the global luxury cosmetics market has been categorized into supermarkets and hypermarkets, specialty and monobrand stores, online stores, and others. Among these, specialty and monobrand stores account for the largest market share.

Based on the end user, the global luxury cosmetics market can be bifurcated into male and female. Currently, female exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global luxury cosmetics market include Avon Products Inc. (Natura & Co.), Coty Inc., Estée Lauder Companies Inc., Kao Corporation, Kosé Corporation, L'Oréal S.A., LVMH Moët Hennessy Louis Vuitton, Oriflame Cosmetics AG, Puig, Revlon Inc., Shiseido Company Limited, and Tatcha LLC.

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