Premium Cosmetics Market
Premium Cosmetics Market, by Distribution Channel, Product Type, and End User - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018 – 2025
Premium Cosmetics Market, by Distribution Channel, Product Type, and End User - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018 – 2025
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REPORT DESCRIPTION<br />
<strong>Premium</strong> <strong>Cosmetics</strong> <strong>Market</strong>:Outlook<br />
North America is expected to account for the largest market share in the global premium cosmetics market<br />
during the forecast period (20182025). The market in the region is supported by stringent regulations<br />
imposed on the use of harmful chemicals in cosmetics. For instance, various regulatory bodies such as<br />
United States Department of Agriculture (USDA) and Food and Drug Administration (FDA) are restricting<br />
the use of harmful chemicals in cosmetic products. For example, chemicals such as formaldehyde and<br />
hydroquinone which are banned in few countries around the world.<br />
In Asia Pacific, a thriving retail sector will boost the market for premium cosmetics. According to Indian and<br />
Chinese government sources, the retail sector in India and China was valued at US$ 950 billion and US$ 11<br />
trillion, respectively in 2017. Furthermore, growing urbanization in emerging economies in the region is<br />
expected to boost the market for premium cosmetics in the region.<br />
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