6 months ago

Premium Cosmetics Market

Premium Cosmetics Market, by Distribution Channel, Product Type, and End User - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018 – 2025


REPORT DESCRIPTION Premium Cosmetics Market:Overview Premium cosmetics are manufactured by utilizing certain specialty ingredients. These cosmetics are usually accompanied with some value addition such as organic ingredients including essential oils, plant extracts, microalgae, and pearl extracts. These products usually cost higher than other ingredients and thus are responsible for the high price of premium cosmetics. Premium products are made using organic ingredients such as essential oils, plant extracts, microalgae, and pearl extracts, which usually cost higher than other ingredients. Increasing beauty consciousness among the populace in emerging economies is boosting growth of the premium cosmetics market. Increasing inclination of males towards overall body care coupled with social trends related to beauty and cosmetics, is also fueling market growth. According to Coherent Market Insights, the men’s grooming products sector is expected to witness significant growth, exhibiting a CAGR of 8.91% over 2018 and 2025. A major challenges faced by the premium cosmetics market include strict regulations regarding chemical ingredients used in premium cosmetics. © Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Premium Cosmetics Market:Outlook North America is expected to account for the largest market share in the global premium cosmetics market during the forecast period (2018­2025). The market in the region is supported by stringent regulations imposed on the use of harmful chemicals in cosmetics. For instance, various regulatory bodies such as United States Department of Agriculture (USDA) and Food and Drug Administration (FDA) are restricting the use of harmful chemicals in cosmetic products. For example, chemicals such as formaldehyde and hydroquinone which are banned in few countries around the world. In Asia Pacific, a thriving retail sector will boost the market for premium cosmetics. According to Indian and Chinese government sources, the retail sector in India and China was valued at US$ 950 billion and US$ 11 trillion, respectively in 2017. Furthermore, growing urbanization in emerging economies in the region is expected to boost the market for premium cosmetics in the region. Request a sample copy of this report:­sample/1447 © Coherent market Insights. All Rights Reserved

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