MarketResearchReports.Biz has announced addition of new report "Global Premium Cosmetics Market 2015-2019" to its database.
Market outlook of premium cosmetics
Rising sales of luxury products and growing middle-class aspirational spending is driving the growth of the global premium cosmetics market. Technavios market research analysts project the market to reach over USD 126 billion in revenues by 2019.
Manufacturers are expanding the luxury segment to cover full spectrum of the cosmetics market, including bath products to nail polishes. Designers such as Marc Jacobs and Tom Ford are extending their presence in the premium beauty segment.
For instance, Marc Jacobs has opened a luxury store in Manhattan dedicated solely to fragrances and other cosmetic products. The likes of Gorgio Armani, Michael Kors, and Tory Burch have teamed with the top industry players to set up different product portfolios. The rising sales of premium products are also witnessed in the emerging upper middle class in APAC, Middle East, and Africa.
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Market segmentation of premium cosmetics
Sets and kits
Bath and shower
The premium sun care segment is one of the top growing segments in the premium cosmetics market, and it is expected to foresee a positive growth during the forecast period. One of the major drivers for this market is the growing health and wellness trend worldwide.
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Geographical segmentation of the global premium cosmetics market
Europe emerged as the second largest region of the global premium cosmetics market in 2014 regarding the retail value sales. Countries like UK, France, UK and France topped the market in this region. In the color cosmetics segment, in Germany, LOral continued to lead the market in both mass and premium segment. In the premium category, LOral's Lancme brand was one of the top selling products in 2014.
Key leading vendors analyzed by this report
Other prominent vendors in this market include Amway, Clarins, Markwins Beauty Products, Proctor and Gamble, and Unilever.