The Premium Cosmetics market was valued at USD 135.5 Billion in 2020, and it is expected to reach a value of USD 172.2 Billion by 2027, at a CAGR of 3.50% over the forecast period (2020 - 2027).

The premium cosmetics market is growing because of growing awareness regarding premium ingredients and their positive effect on the skin. It is shifting consumer preferences from traditional or mass-produced cosmetics to premium cosmetics. Preference for premium cosmetics for problems such as age spots, acne, and pigmentation is expected to significantly scale the market growth. Moreover, the demand for active, healthy ingredients and with regards to the substantiated efficacy products is boosting product sales.

Multi-brand e-retailers are increasing the sales of premium cosmetics owing to their discounts strategy, home delivery, using AI for seeing user patterns and trends and easy return policy. The availability of premium, authentic brands, and a variety of products are boosting online sales, but currently offline holds 85% of the market as this gives customers to try on demo samples of cosmetics .

This report provides in-depth analysis of Global Premium Cosmetics market. We have analyzed 20+ data points that include product price trends, consumer purchase patterns, company annual sales performance, COVID-19 impact on distribution channels, parent industry performance, regional trends, and technological innovations, for tracking the Global market size and performance in the recent years.

Global Premium Cosmetics Market Segmentation

The Global Premium Cosmetics market is segmented based on Distribution channel, Product, and Region. Based on Distribution channel it is categorized into: Hypermarkets/Supermarkets, Specialty Stores, Pharmacy and Drug Stores, Online Retail Stores, Other Distribution Channels. Based on Product it is categorized into: Skincare, Haircare, Makeup, Fragrance. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.