Cosmeceuticals Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

The cosmetics market and it is poised to grow by USD 44.2 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Premium Cosmetics Market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amway Corp., Beiersdorf AG, Coty Inc., L'Oréal SA, LVMH Moët Hennessy Louis Vuitton, Natura &Co., Revlon Inc., Shiseido Co. Ltd., The Estée Lauder Co. Inc., and The Procter and Gamble Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Innovation and portfolio extension has been instrumental in driving the growth of the market.

Premium Cosmetics Market 2020-2024: Segmentation

Premium Cosmetics Market is segmented as below:

·         Distribution Channel

o    Offline

o    Online

·         Product

o    Skincare Products

o    Fragrances

o    Color Cosmetics

o    Hair Care Products

o    Others

·         Geography

o    Europe

o    APAC

o    North America

o    South America

o    MEA

Cosmetics Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The premium cosmetics market report covers the following areas:

·         Premium Cosmetics Market Size

·         Premium Cosmetics Market Trends

·         Premium Cosmetics Market Analysis

This study identifies increased demand for premium skincare products as one of the prime reasons driving the premium cosmetics market growth during the next few years.