FEB 11, 2020: The global Premium Cosmetics market size is expected to reach USD 199.2 billion by 2025, exhibiting a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness regarding ingredients in the beauty products and their effects on the body coupled with increasing demand for wellness beauty products is driving the market. Preference for premium cosmetics for problems such as age spots, acne, and pigmentation is expected to bode well for the market growth. Also, growing influence of the brands on social media is creating more awareness among consumers. This in turn is creating demand for premium cosmetics.
Rising consumer preference for premium cosmetics, owing to willingness to spend more on beauty products, especially across emerging countries is expected to drive the market growth. The consumer preference for imported and branded cosmetics is majorly driven by brand name, product safety, and price. A rise in women workforce and financial independence is expected to positively influence the market growth in the forthcoming years.
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Trend of personalization is also supporting the demand of premium cosmetics among consumers. For instance, Face Gym, a European company, in 2017 launch the Make it Bar, where consumers can visit the studio and create their own face serums, suitable for their individual needs and lifestyle with the help from the professionals.
The makeup segment of the premium cosmetics market is estimated to witness the fastest growth over the forecast period. Availability of waterproof and sweat proof products manufactured especially for hot and humid climatic conditions, is also boosting the demand. Skincare is estimated to be the largest segment over the forecast period, owing to wide application for skin care. Consumers prefer face creams, sunscreens, and body lotions to reduce acne scars, freckles, age spots, and discoloration among other skin issues.
To boost the shopping experience and consumer interaction, premium cosmetic companies are upgrading their stores with advance technologies. Along with on-hand from beauty advisers, the companies are using Virtual Reality (VR) and Augmented Reality (AR) for better customer service. For instance, L'Oreal install interactive display in its Shanghai, Wuhan, and Changsha boutiques called as Magic Mirrors. Adoption of such technology also reduces the usage of sample products.
The market is oligopolistic in nature with the companies implementing various business strategy, such as mergers and acquisitions to diversify the product portfolio and to expand their geographical presence. For instance, in 2018, L'Oreal acquire Stylenanda, a makeup and fashion brand focused on millennials in South Korea and China; to extend its business in Hong Kong, Singapore, Malaysia, and Thailand. L'Oreal also acquire Pulp Riot, an American brand, operating in professional hair color segment with a strong influence on social media.
Further key findings from the report suggest:
- Asia Pacific is estimated to be the largest and fastest growing market for premium cosmetics, majorly driven by high demand from China and Japan
- Offline is estimated to be the largest distribution channel in the forthcoming years, owing to technological advancements such as VR interaction and AR makeup trials in stores
- Online segment is projected to register the fastest CAGR of 9.4% over the forecast period, owing to the presence of multi brand e-retailers and companies direct-to-consumers strategy
- Some of the key players operating in the premium cosmetics market include Coty; Estee Lauder; L'Oreal; LVMH; Shiseido; Chanel; Dior beauty; Elizabeth Arden Inc.; KAO Corporation; and The Procter & Gamble Company (P&G)
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Premium Cosmetics Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Premium Cosmetics Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Premium Cosmetics Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. Skincare
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.3. Haircare
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.4. Makeup
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.5. Fragrance
5.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.6. Others
5.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Continued……….
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FEB 11, 2020: The global Premium Cosmetics market size is expected to reach USD 199.2 billion by 2025, exhibiting a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc.
Preference for premium cosmetics for problems such as age spots, acne, and pigmentation is expected to bode well for the market growth.
Skincare is estimated to be the largest segment over the forecast period, owing to wide application for skin care.
Consumers prefer face creams, sunscreens, and body lotions to reduce acne scars, freckles, age spots, and discoloration among other skin issues.To boost the shopping experience and consumer interaction, premium cosmetic companies are upgrading their stores with advance technologies.
For instance, L’Oreal install interactive display in its Shanghai, Wuhan, and Changsha boutiques called as Magic Mirrors.
L’Oreal also acquire Pulp Riot, an American brand, operating in professional hair color segment with a strong influence on social media.Further key findings from the report suggest:• Asia Pacific is estimated to be the largest and fastest growing market for premium cosmetics, majorly driven by high demand from China and Japan• Offline is estimated to be the largest distribution channel in the forthcoming years, owing to technological advancements such as VR interaction and AR makeup trials in stores• Online segment is projected to register the fastest CAGR of 9.4% over the forecast period, owing to the presence of multi brand e-retailers and companies direct-to-consumers strategy• Some of the key players operating in the premium cosmetics market include Coty; Estee Lauder; L’Oreal; LVMH; Shiseido; Chanel; Dior beauty; Elizabeth Arden Inc.; KAO Corporation; and The Procter & Gamble Company (P)To Browse Full Research Report @:https://www.radiantinsights.com/research/premium-cosmetics-marketTable of ContentsChapter 1.
JUNE 15, 2020: India Warehousing marketA warehouse consolidates products from multiple sourcing locations, provides cross-docking facilities to retail distributors, acts as a sorting center for customer deliveries, and an assembly facility for final packaging and bundling of products.
Modern warehouses in India provides value-added services such as consolidation and breaking up of cargo, packaging, labelling, barcoding and reverse logistics along with storing facilities.
Several government initiatives such as the 'Make in India' program and efforts to set up industrial corridors have attracted significant international players to the warehousing market.
Removal of interstate checkpoints, reduction in cargo movement time and replacement of multiple state and central level taxes are facilitating consolidation of warehouses.Warehousing clusters across major Indian cities Growth in Indian e-commerce, third-party logistics (3PLs), retail, fast-moving consumer goods (FMCG), auto and auto ancillaries, and chemical and pharmaceutical industries are expected to drive the demand for organized players in the Indian warehousing market.
Bolstering infrastructure initiatives such as industrial corridors, and dedicated freight corridors, among others, are expected to augment demand in the Northern Capital Region (NCR), Mumbai Metropolitan Region (MMR), Hyderabad, Bengaluru and Kolkata.Key growth factorsGrowth in Indian e-commerce, 3PLs, retail, FMCG, auto and auto ancillaries, and chemical and pharmaceutical industries is expected to drive the demand for organized players in the Indian warehousing market.Cashing in on the existing trend of the economy, there has been a sharp increase in automobile sales in the country.
In India, the warehousing market is still at a nascent stage and is highly fragmented as compared to the United States (US) and European countries.Lack of warehousing standards and accreditation poses a major threat to the Indian warehousing industry mainly due to unavailability of quality and flexible warehousing spaces.Container Corporation of India Ltd., Gati Ltd. and Mahindra Logistics Ltd. are some of the major players that are operating in the Indian warehousing market.What is covered in the report?Overview of the Indian warehousing marketHistorical, current and forecasted market size data for the Indian warehousing market (FY 2016 to FY 2023) - by valueHistorical, current and forecasted market size data for the Indian warehousing market (2016 to 2023) - by warehousing space requirementWarehousing strategy before and after the implementation of GSTQualitative analysis of the Indian warehousing market and warehousing clusters across major Indian citiesInvestment scenario in the warehousing market in IndiaQualitative analysis of the major drivers and challenges affecting the marketAnalysis of the competitive landscape and profiles of major players operating in the marketKey recent developments associated with the warehousing market in IndiaWhy buy?Get a broad understanding of the warehousing market in India, the dynamics of the market and current state of the sectorStrategize marketing, market entry, market expansion and other business plans by understanding the factors driving growth in the marketBe informed regarding the key developments in the warehousing market in IndiaUnderstand major competitors' business strategies and market dynamics and respond accordingly to benefit from the marketTo Browse Full Research Report @: https://www.radiantinsights.com/research/warehousing-market-in-india-2018-2023Table of ContentsChapter 1: Executive summaryChapter 2: Socio-economic indicatorsChapter 3: Introduction3.1.
