The Asia Pacific Luxury Cosmetics Market would witness market growth of 7.4% CAGR during the forecast period (2019-2025). Luxury products have risen up to be a lucrative industry specifically in the region, due to the high consumer purchasing power in the countries of these regions. However, the popularity of luxury cosmetics has extended across the Asian countries as well owing to the increasing disposable income and the prevalent skin and hair care trends in the region.
The demand for luxury cosmetics on the global platform is increasing rapidly. Market players are inclining towards key developmental strategies like product launch and acquisitions to signify their existence in the luxury cosmetics market. Companies are introducing new product innovations backed by robust R&D to lift the demand for luxury cosmetics. Additionally, the developing organic cosmetic products sector has added to the growth of the overall luxury cosmetics market.
The urbanization is broadening rapidly, and so is the disposable income in growing economies. In par with this trend, the demand for natural & organic cosmetics is rising remarkably with a surge in online retail. These are significant factors that have boosted the growth of the luxury cosmetics market across the globe.
The industry players emphasize on the prevalent factors that have constantly contributed towards an increase in the adoption of luxury cosmetics. These include growth in upper-middle-class population, increased consumer interest in distinct and premium products, rising online beauty expenditure, and spreading out of the social network.
On the basis of type, the market covers organic and conventional products. Conventional cosmetics accounted for the largest market share in the luxury cosmetics market, since their manufacturing is simple, they are economical to manufactures and have a longer shelf life relative to natural cosmetics. However, the organic cosmetics market segment is probable to develop at a greater pace of growth as customers become more aware of their wellness and therefore focus on naturally and organically produced products.
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A growing tendency towards a trendy lifestyle is one of the main factors accountable for the inflation of the luxury cosmetics industry. This is mainly due to an rise in consumer purchasing power combined with commitment to such products. At the same time, as the economy is expanding, income is increasing and living standards are increasing. There's a knack for anything related to fashion that is becoming essential to be part of the social circles and the hangouts. Along with the celebrities, A- listers, or the page 3, even the middle class population wants to be in the same boat and wishes to replicate the trend. They don't want to get found carrying the same clothes, shoes, bags, or glasses, and make-up is no exception in this trend. The increasing geriatric population and young people's use of cosmetics pushes the domestic producers to provide inexpensive cost ranges, without compromising on quality.
The Luxury Cosmetics market report has segmented the market on the basis of type, product type, end-user, distribution channel, and region. Organic and conventional products are covered in the type segment. The product type segment comprises skincare, makeup, haircare, and fragrances. On the basis of end-user, the market is categorized into males and females. The distribution channel segment includes e-commerce, specialty/mono-brand stores, supermarket/hypermarket, and others. The regional market is studied across China, India, Japan, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
The major market players expanding their reach in the global luxury cosmetics market are L’Oréal, Christian Dior, Shiseido Company, Limited, Puig, Coty Inc., Revlon, Inc., Kao Corporation, Oriflame Cosmetics AG, The Estée Lauder Companies Inc., and KOSé Corporation. The market players are adopting progressive strategies to leverage the opportunities of the market. Companies are focusing on innovative strategies to compete in the market space.
Scope of the Luxury Cosmetics Market Analysis
Market Segmentation:
By Type
- Conventional Luxury Cosmetics
- Organic Luxury Cosmetics
By Product Type
- Skincare
- Haircare
- Makeup
- Fragrances
By Distribution Channel
- E-commerce
- Supermarket/Hypermarket
- Specialty stores and Monobrand stores
- Others
By End User
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Companies Profiled
- L'Oréal Group
- Shiseido Company Limited
- LVMH SE (Christian Dior)
- Puig SL
- Coty, Inc. (JAB Cosmetics B.V.)
- Revlon, Inc. (MacAndrews & Forbes)
- Estee Lauder Companies, Inc.
- Oriflame Cosmetics AG
- Ralph Lauren Corporation
- Avon Products, Inc.
TABLE 1 Asia Pacific Luxury Cosmetics Market, 2015 - 2018, USD Million
TABLE 2 Asia Pacific Luxury Cosmetics Market, 2019 - 2025, USD Million
TABLE 3 Asia Pacific Luxury Cosmetics Market by Type, 2015 - 2018, USD Million
TABLE 4 Asia Pacific Luxury Cosmetics Market by Type, 2019 - 2025, USD Million
TABLE 5 Asia Pacific Conventional Luxury Cosmetics Market by Country, 2015 - 2018, USD Million
TABLE 6 Asia Pacific Conventional Luxury Cosmetics Market by Country, 2019 - 2025, USD Million
TABLE 7 Asia Pacific Organic Luxury Cosmetics Market by Country, 2015 - 2018, USD Million
TABLE 8 Asia Pacific Organic Luxury Cosmetics Market by Country, 2019 - 2025, USD Million
TABLE 9 Asia Pacific Luxury Cosmetics Market by Product Type, 2015 - 2018, USD Million
TABLE 10 Asia Pacific Luxury Cosmetics Market by Product Type, 2019 - 2025, USD Million
TABLE 11 Asia Pacific Skincare Market by Country, 2015 - 2018, USD Million
TABLE 12 Asia Pacific Skincare Market by Country, 2019 - 2025, USD Million
TABLE 13 Asia Pacific Haircare Market by Country, 2015 - 2018, USD Million
TABLE 14 Asia Pacific Haircare Market by Country, 2019 - 2025, USD Million
TABLE 15 Asia Pacific Makeup Market by Country, 2015 - 2018, USD Million
TABLE 16 Asia Pacific Makeup Market by Country, 2019 - 2025, USD Million
TABLE 17 Asia Pacific Fragrances Market by Country, 2015 - 2018, USD Million
TABLE 18 Asia Pacific Fragrances Market by Country, 2019 - 2025, USD Million
TABLE 19 Asia Pacific Luxury Cosmetics Market by End User, 2015 - 2018, USD Million
TABLE 20 Asia Pacific Luxury Cosmetics Market by End User, 2019 - 2025, USD Million
TABLE 21 Asia Pacific Male Luxury Cosmetics Market by Country, 2015 - 2018, USD Million
TABLE 22 Asia Pacific Male Luxury Cosmetics Market by Country, 2019 - 2025, USD Million
TABLE 23 Asia Pacific Female Luxury Cosmetics Market by Country, 2015 - 2018, USD Million
TABLE 24 Asia Pacific Female Luxury Cosmetics Market by Country, 2019 - 2025, USD Million
TABLE 25 Asia Pacific Luxury Cosmetics Market by Distribution Channel, 2015 - 2018, USD Million
TABLE 26 Asia Pacific Luxury Cosmetics Market by Distribution Channel, 2019 - 2025, USD Million
TABLE 27 Asia Pacific E-commerce Luxury Cosmetics Market by Country, 2015 - 2018, USD Million
TABLE 28 Asia Pacific E-commerce Luxury Cosmetics Market by Country, 2019 - 2025, USD Million
TABLE 29 Asia Pacific Supermarket/Hypermarket Market by Country, 2015 - 2018, USD Million
TABLE 30 Asia Pacific Supermarket/Hypermarket Market by Country, 2019 - 2025, USD Million
TABLE 31 Asia Pacific Specialty stores and Monobrand stores Market by Country, 2015 - 2018, USD Million
TABLE 32 Asia Pacific Specialty stores and Monobrand stores Market by Country, 2019 - 2025, USD Million
TABLE 33 Asia Pacific Other Distribution Channels Market by Country, 2015 - 2018, USD Million
TABLE 34 Asia Pacific Other Distribution Channels Market by Country, 2019 - 2025, USD Million
TABLE 35 Asia Pacific Luxury Cosmetics Market by Country, 2015 - 2018, USD Million
TABLE 36 Asia Pacific Luxury Cosmetics Market by Country, 2019 - 2025, USD Million
TABLE 37 China Luxury Cosmetics Market, 2015 - 2018, USD Million
TABLE 38 China Luxury Cosmetics Market, 2019 - 2025, USD Million
TABLE 39 China Luxury Cosmetics Market by Type, 2015 - 2018, USD Million
TABLE 40 China Luxury Cosmetics Market by Type, 2019 - 2025, USD Million
TABLE 41 China Luxury Cosmetics Market by Product Type, 2015 - 2018, USD Million
TABLE 42 China Luxury Cosmetics Market by Product Type, 2019 - 2025, USD Million
TABLE 43 China Luxury Cosmetics Market by End User, 2015 - 2018, USD Million
TABLE 44 China Luxury Cosmetics Market by End User, 2019 - 2025, USD Million
TABLE 45 China Luxury Cosmetics Market by Distribution Channel, 2015 - 2018, USD Million
TABLE 46 China Luxury Cosmetics Market by Distribution Channel, 2019 - 2025, USD Million
TABLE 47 Japan Luxury Cosmetics Market, 2015 - 2018, USD Million
TABLE 48 Japan Luxury Cosmetics Market, 2019 - 2025, USD Million
TABLE 49 Japan Luxury Cosmetics Market by Type, 2015 - 2018, USD Million
TABLE 50 Japan Luxury Cosmetics Market by Type, 2019 - 2025, USD Million
TABLE 51 Japan Luxury Cosmetics Market by Product Type, 2015 - 2018, USD Million
TABLE 52 Japan Luxury Cosmetics Market by Product Type, 2019 - 2025, USD Million
TABLE 53 Japan Luxury Cosmetics Market by End User, 2015 - 2018, USD Million
TABLE 54 Japan Luxury Cosmetics Market by End User, 2019 - 2025, USD Million
TABLE 55 Japan Luxury Cosmetics Market by Distribution Channel, 2015 - 2018, USD Million
TABLE 56 Japan Luxury Cosmetics Market by Distribution Channel, 2019 - 2025, USD Million
TABLE 57 India Luxury Cosmetics Market, 2015 - 2018, USD Million
TABLE 58 India Luxury Cosmetics Market, 2019 - 2025, USD Million
TABLE 59 India Luxury Cosmetics Market by Type, 2015 - 2018, USD Million
TABLE 60 India Luxury Cosmetics Market by Type, 2019 - 2025, USD Million
TABLE 61 India Luxury Cosmetics Market by Product Type, 2015 - 2018, USD Million
TABLE 62 India Luxury Cosmetics Market by Product Type, 2019 - 2025, USD Million
TABLE 63 India Luxury Cosmetics Market by End User, 2015 - 2018, USD Million
TABLE 64 India Luxury Cosmetics Market by End User, 2019 - 2025, USD Million
TABLE 65 India Luxury Cosmetics Market by Distribution Channel, 2015 - 2018, USD Million
TABLE 66 India Luxury Cosmetics Market by Distribution Channel, 2019 - 2025, USD Million
TABLE 67 South Korea Luxury Cosmetics Market, 2015 - 2018, USD Million
TABLE 68 South Korea Luxury Cosmetics Market, 2019 - 2025, USD Million
TABLE 69 South Korea Luxury Cosmetics Market by Type, 2015 - 2018, USD Million
TABLE 70 South Korea Luxury Cosmetics Market by Type, 2019 - 2025, USD Million
TABLE 71 South Korea Luxury Cosmetics Market by Product Type, 2015 - 2018, USD Million
TABLE 72 South Korea Luxury Cosmetics Market by Product Type, 2019 - 2025, USD Million
TABLE 73 South Korea Luxury Cosmetics Market by End User, 2015 - 2018, USD Million
TABLE 74 South Korea Luxury Cosmetics Market by End User, 2019 - 2025, USD Million
TABLE 75 South Korea Luxury Cosmetics Market by Distribution Channel, 2015 - 2018, USD Million
TABLE 76 South Korea Luxury Cosmetics Market by Distribution Channel, 2019 - 2025, USD Million
TABLE 77 Singapore Luxury Cosmetics Market, 2015 - 2018, USD Million
TABLE 78 Singapore Luxury Cosmetics Market, 2019 - 2025, USD Million
TABLE 79 Singapore Luxury Cosmetics Market by Type, 2015 - 2018, USD Million
TABLE 80 Singapore Luxury Cosmetics Market by Type, 2019 - 2025, USD Million
TABLE 81 Singapore Luxury Cosmetics Market by Product Type, 2015 - 2018, USD Million
TABLE 82 Singapore Luxury Cosmetics Market by Product Type, 2019 - 2025, USD Million
TABLE 83 Singapore Luxury Cosmetics Market by End User, 2015 - 2018, USD Million
TABLE 84 Singapore Luxury Cosmetics Market by End User, 2019 - 2025, USD Million
TABLE 85 Singapore Luxury Cosmetics Market by Distribution Channel, 2015 - 2018, USD Million
TABLE 86 Singapore Luxury Cosmetics Market by Distribution Channel, 2019 - 2025, USD Million
TABLE 87 Malaysia Luxury Cosmetics Market, 2015 - 2018, USD Million
TABLE 88 Malaysia Luxury Cosmetics Market, 2019 - 2025, USD Million
TABLE 89 Malaysia Luxury Cosmetics Market by Type, 2015 - 2018, USD Million
TABLE 90 Malaysia Luxury Cosmetics Market by Type, 2019 - 2025, USD Million
TABLE 91 Malaysia Luxury Cosmetics Market by Product Type, 2015 - 2018, USD Million
TABLE 92 Malaysia Luxury Cosmetics Market by Product Type, 2019 - 2025, USD Million
TABLE 93 Malaysia Luxury Cosmetics Market by End User, 2015 - 2018, USD Million
TABLE 94 Malaysia Luxury Cosmetics Market by End User, 2019 - 2025, USD Million
TABLE 95 Malaysia Luxury Cosmetics Market by Distribution Channel, 2015 - 2018, USD Million
TABLE 96 Malaysia Luxury Cosmetics Market by Distribution Channel, 2019 - 2025, USD Million
TABLE 97 Rest of Asia Pacific Luxury Cosmetics Market, 2015 - 2018, USD Million
TABLE 98 Rest of Asia Pacific Luxury Cosmetics Market, 2019 - 2025, USD Million
TABLE 99 Rest of Asia Pacific Luxury Cosmetics Market by Type, 2015 - 2018, USD Million
TABLE 100 Rest of Asia Pacific Luxury Cosmetics Market by Type, 2019 - 2025, USD Million
TABLE 101 Rest of Asia Pacific Luxury Cosmetics Market by Product Type, 2015 - 2018, USD Million
TABLE 102 Rest of Asia Pacific Luxury Cosmetics Market by Product Type, 2019 - 2025, USD Million
TABLE 103 Rest of Asia Pacific Luxury Cosmetics Market by End User, 2015 - 2018, USD Million
TABLE 104 Rest of Asia Pacific Luxury Cosmetics Market by End User, 2019 - 2025, USD Million
TABLE 105 Rest of Asia Pacific Luxury Cosmetics Market by Distribution Channel, 2015 - 2018, USD Million
TABLE 106 Rest of Asia Pacific Luxury Cosmetics Market by Distribution Channel, 2019 - 2025, USD Million
TABLE 107 Key Information - L'Oreal Group
TABLE 108 Key Information - Shiseido Company Limited
TABLE 109 key Information - LVMH SE
TABLE 110 key Information - Puig SL
TABLE 111 key Information - Coty, Inc.
TABLE 112 key Information - Revlon, Inc.
TABLE 113 Key Information - Estee Lauder Companies, Inc.
TABLE 114 key Information - Oriflame Cosmetics AG
TABLE 115 key Information - Ralph Lauren Corporation
TABLE 116 Key Information - Avon Products, Inc.
List of Figures
FIG 1 Methodology for the research