DUBLIN--(BUSINESS WIRE)--The "North America Luxury Cosmetics Market (2019-2025)" report has been added to ResearchAndMarkets.com's offering.
The North America Luxury Cosmetics Market is expected to witness market growth of 3.5% CAGR during the forecast period (2019-2025)
Initially, luxury products targeted a specific class that consisted of the elite and wealthy customers; however, this pattern changed over the period of time. The urban population of developing economy and a surge in health concerns has boosted the need for luxury products that are manufactured with premium quality ingredients. This consumer pattern has fundamentally influenced the growth of luxury cosmetics market across the globe.
The growing online retail and an emerging demand for organic personal care and cosmetic products show a strong potential for the market growth over the years to come. Multiple factors lie taxation and import duties might also obstruct the growth. And to overshadow such factors, new trends like halal cosmetics demand could boost the market for luxury cosmetics.
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.
For example, in October 2017, Coty (US) came into partnership with Burberry for developing luxury fragrances, skincare and cosmetic products. The company, in April 2019, extended its partnership agreement with Marc Jacobs for developing long-term fragrance products.
In June 2018, L'Oreal took over Nanda Co. Ltd. for enhancing its luxury beauty products portfolio. The same year, in October, the company acquired Logocos Naturkosmetik AG for the expansion of its natural beauty product portfolio.
Likewise, in July 2016, (Japan) Shiseido agreed to develop and distribute Dolce&Gabbana's fragrance, makeup and skincare lines and products. Further, in August 2019, the company came into partnership with Tory Burch for the development and distribution of Tory Burch beauty brands.
Madi International, a popular distributor in the beauty care sector in the Middle East, launched two advanced skin care product ranges of SKEYNDOR, a world-renowned skin care brand. The second UNIQCURE concentrate variety boosts the beauty advantages of popular cosmetic products with more than 35 particularly chosen and optimized effective components using SKEYNDOR technology to obtain outstanding skin outcomes. It puts together the brand's expertise of over 50 years of studies and the most advanced technology to provide all females, without exception, with personalized, specific solutions.
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 major market players expanding their reach in the North America luxury cosmetics market are L'Oreal, Christian Dior, Shiseido Company, Limited, Puig, Coty Inc., Revlon, Inc., Kao Corporation, Oriflame Cosmetics AG, The Estee Lauder Companies Inc., and KOS 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.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
Chapter 2. Market Overview
2.1 Introduction
2.2 Key Factors Impacting the Market
Chapter 3. North America Luxury Cosmetics Market by Type
3.1 North America Conventional Luxury Cosmetics Market by Country
3.2 North America Organic Luxury Cosmetics Market by Country
Chapter 4. North America Luxury Cosmetics Market by Product Type
4.1 North America Skincare Market by Country
4.2 North America Haircare Market by Country
4.3 North America Makeup Market by Country
4.4 North America Fragrances Market by Country
Chapter 5. North America Luxury Cosmetics Market by End User
5.1 North America Male Luxury Cosmetics Market by Country
5.2 North America Female Luxury Cosmetics Market by Country
Chapter 6. North America Luxury Cosmetics Market by Distribution Channel
6.1 North America E-commerce Luxury Cosmetics Market by Country
6.2 North America Supermarket/Hypermarket Market by Country
6.3 North America Specialty stores and Monobrand stores Market by Country
6.4 North America Other Distribution Channels Market by Country
Chapter 7. North America Luxury Cosmetics Market by Country
7.1 US Luxury Cosmetics Market
7.1.1 US Luxury Cosmetics Market by Type
7.1.2 US Luxury Cosmetics Market by Product Type
7.1.3 US Luxury Cosmetics Market by End User
7.1.4 US Luxury Cosmetics Market by Distribution Channel
7.2 Canada Luxury Cosmetics Market
7.3 Mexico Luxury Cosmetics Market
7.4 Rest of North America Luxury Cosmetics Market
Chapter 8. Company Profiles
- L'Oreal 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.
For more information about this report visit https://www.researchandmarkets.com/r/vwbrz3
