Premium Beauty And Personal Care Products Market Is Slated To Reach A Valuation Of US$ 780.16 Billion By 2032

In FY 2021, the premium beauty and personal care products market reached a valuation of US$ 474.7 Billion, and is likely to register a Y-o-Y growth rate of 4.0% in 2022, closing at US$ 496.63 Billion. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 4.62% CAGR, reaching US$ 780.16 Billion.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Premium Beauty and Personal Care Products market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Premium Beauty and Personal Care Products market.

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Key findings of the Premium Beauty and Personal Care Products market study:

•          Regional breakdown of the Premium Beauty and Personal Care Products market based on predefined taxonomy.
•          Innovative manufacturing processes implemented by Premium Beauty and Personal Care Products vendors in detail.
•          Region-wise and country-wise fragmentation of the Premium Beauty and Personal Care Products market to grasp the revenue, and growth outlook in these areas.
•          Changing preferences among consumers across various regions and countries.
•          Factors (Positive and Negative) impacting the growth of the global Premium Beauty and Personal Care Products market.

Key Companies Profiled

• Revlon Inc.
• Mary Kay
• Shiseido Company Limited
• Procter and Gamble Co.
• Avon Products
• Beiersdorf AG
• Kao Corporation
• Estée Lauder Companies Inc.
• Loreal Group
• Unilever

Competitive Landscape

Prominent players in the Premium Beauty and Personal Care Products Industry are taking advantage of the rapidly increasing demand for the Premium Beauty and Personal Care Products in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

• In May 2022, Estée Lauder with Shoppers Stop opened an exclusive SS Beauty Store in Mumbai. With this establishment, the two companies have strengthened their partnership in India. The SS beauty store will offer only Estée Lauder brands like MAC Cosmetics, Clinique, Bobbi Brown, Jo Malone, Estee Lauder, Smashbox and Tom Ford.
• In March 2022, Colgate-Palmolive Company launched a new toothpaste, which is Visible White O2, this is an innovative whitening toothpaste that works from the inside out to lighten the stains. Its advanced formula releases millions of warm oxygen bubbles into the mouth.
• In January 2022, Procter & Gamble acquired luxury skincare brand Tula, which would bolster the company’s prestige brand portfolio. Tula is a clean skincare brand powered by probiotic extracts and superfoods. As part of the acquisition agreement, P&G Beauty will support the Tula team to drive brand growth and support expansion and innovation.
• In December 2021, L’Oréal signed an agreement to acquire an American skincare company, Youth to the People. This company is California based Skincare Company.

Key Segments Covered in the Premium Beauty and Personal Care Products Industry Survey

• By Product Type :
• Premium Skincare
• Premium Fragrances
• Premium Colour Cosmetics
• Premium Haircare
• Others
• By Sales Channel :
• Hypermarkets/Super Markets
• Retail Chains
• e-Commerce
• Others
• By Region :
• North America
• Latin America
• Europe
• APEJ
• Japan
• Middle East & Africa

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Queries addressed in the Premium Beauty and Personal Care Products market report:

•          Why are the Premium Beauty and Personal Care Products market players targeting region for increased product sales?
•          What patented technologies are the players utilizing in the global Premium Beauty and Personal Care Products market?
•          Which regions are displaying the fastest growth in the Premium Beauty and Personal Care Products market?
•          What are the underlying micro- macroeconomic factors affecting the global Premium Beauty and Personal Care Products market?

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