Online or In-Store: Which Channel Will Dominate the Premium Cosmetics Market?
Premium Cosmetics Market -Overview
In 2023, Premium Cosmetics Market Size was estimated to be worth USD 11.37 billion. The market for premium cosmetics is expected to expand at a compound annual growth rate (CAGR) of 6.36% from 2024 to 2032, from USD 12.20 billion in 2024 to USD 19.98 billion. The main factors propelling market expansion are rising consumer awareness of skin care issues and the need for upscale skincare products.
The enhanced awareness about personal appearance and desire for perfection is estimated to boost the premium cosmetics market. The accessibility to new and advanced product options with exotic ingredients is estimated to motivate the premium cosmetics market share further.
Segmental Analysis
The segmental overview of the Premium Cosmetics Market is carried out on the basis of product type, distribution channel, and region. The product type segment of the premium cosmetics market comprises of face powder, contouring products, mascara, eyes products eyeshadow, eyeliners, face products foundation, lip products lipsticks, and lip balm. The region segment of the premium cosmetics market comprises of Europe, North America, Asia Pacific, and other vital regions. The distribution channel segment of the premium cosmetics market comprises of non-store-based and store-based channels.