Luxury Cosmetics Market in Asia Pacific is expected to register a CAGR of 7.4% during the forecast period (2019-2025) - KBV Research

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According to a new report Asia Pacific Luxury Cosmetics Market, published by KBV Research, the Asia Pacific Luxury Cosmetics Market would witness market growth of 7.4% growth rate during the forecast period (2019-2025).

The Supermarket/Hypermarket market dominated the Asia Pacific Luxury Cosmetics Market by Distribution Channel 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $8321.8 million by 2025, growing at a CAGR of 6.8 % during the forecast period. The E-commerce market is expected to witness a CAGR of 6.6% during (2019 - 2025). The Specialty stores and Monobrand stores market is expected to witness a CAGR of 8.6% during (2019 - 2025).

The China market registered the largest market share in the Asia Pacific Luxury Cosmetics Market by Country 2018, and is expected to achieve a market value of $6034.1 million by 2025, rising at a growth of 5.4% CAGR during the forecast period. The Japan market is forecasted to exhibit a growth of 6.4% CAGR during (2019 - 2025). Additionally, The India market is estimated to experience a growth of 7.9% CAGR during (2019 - 2025).

By Product Type, the Skincare market segment contributed the highest revenue share in China Luxury Cosmetics Market in 2018, and is predicted to grow at 4.5% CAGR during the forecast period. The Haircare market is expected to witness a CAGR of 4.4% during (2019 - 2025).

Full Report:https://www.kbvresearch.com/asia-pacific-luxury-cosmetics-market/

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 Asia Pacific 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.