Executive Summary
The global prestige beauty market was worth USD 87.89 billion in 2021 and is anticipated to expand at a CAGR of 5.56% between 2023 and 2028. The rising spending power of the Middle and Upper Middle-income classes influences the demand for Prestige Beauty. Prestige Beauty sales have been driven by the Millennial and Gen Z generations. Furthermore, the desire for owning authentic and prestige products is driving market expansion.
The skincare segment acquired the largest share in 2021 and is anticipated to lead the market segment throughout the forecast period at a CAGR of 6.2%.
A rise in the disposable income of the female working class, as well as increased spending on non-essential items, has also aided market expansion. Furthermore, an increase in disposable income of middle-class population is driving the demand for Prestige Beauty.
In terms of market value, Asia Pacific dominated the geographic regions in 2021 and the region is expected to continue holding the largest share in the total sales of Prestige Beauty in the forecast period.
Prestige cosmetics are noted for their unique formulae, professional results, large colour pallet, and skin and environmental friendliness. Prestige make-up kits or items are also accessible on online platforms such as Amazon Inc, corporate websites, and the usage of social media platforms, which is supporting market expansion.
Scope of the Report
• The report analyses the Prestige Beauty Market by Value (USD Billion).
• The report presents the analysis of the Prestige Beauty market for the historical period of 2018-2021, the base year 2022 and the forecast period of 2023-2028.
• The report analyses the Prestige Beauty Market by Product Type (Skincare, Cosmetics, Haircare, Fragrances)
• The report analyses the Prestige Beauty Market By Age Group (Less than 18,18-30, 30-45, More than 45).
• The report analyses the Prestige Beauty Market By Sales Channel (Branded Stores, Specialty Stores, Online Channels, Other Channels)
• The Global Prestige Beauty Market has been analysed by countries (United States, Canada, Brazil, Germany, UK, France, Italy, Spain, China, Japan, India).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Product type and Sales channel
• Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies profiled in the report include LVMH Moët Hennessy-Louis Vuitton SE, PVH Corp., The Estée Lauder Companies Inc., L'Oréal SA, Shiseido Company, Limited, Coty Inc., Puig, Unilever plc., Olaplex Holdings Inc, Anastasia Beverly Hills.
Key Target Audience
• Cosmetic Companies
• Leading Prestige Beauty Brands
• Professional Beauty Artists
• Investment Banks and Equity Firms
• Venture Capitalist and PE Firms
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
2.1 Incorporation of Naturally Derived Ingredients in Cosmetics
3. Global Prestige Beauty Market: Historic and Forecast (2018-2028)
3.1 Impact Analysis of Macro Economic Factors on the Prestige Beauty Market
3.2 Global Prestige Beauty Market: Ecosystem Analysis
3.2.1 Consumer Survey Insights
3.2.2 Country-Wise Comparative Market Analytics
3.3 Global Prestige Beauty Market: Dashboard
3.4 Global Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
3.5 Impact of COVID-19 on the Prestige Beauty Market
3.6 Global Prestige Beauty Market Segmentation: By Product Type
3.6.1 Global Prestige Beauty Market, By Product Type Overview
3.6.2 Global Prestige Beauty Market Size, By Skincare, By Value, 2018H-2028F (USD Billion & CAGR)
3.6.3 Global Prestige Beauty Market Size, By Cosmetics, By Value, 2018H-2028F (USD Billion & CAGR)
3.6.4 Global Prestige Beauty Market Size, By Haircare, By Value, 2018H-2028F (USD Billion & CAGR)
3.6.5 Global Prestige Beauty Market Size, By Fragrance, By Value, 2018H-2028F (USD Billion & CAGR)
3.7 Global Prestige Beauty Market Segmentation: By Age Group
3.7.1 Global Prestige Beauty Market, By Age Group Overview
3.7.2 Global Prestige Beauty Market Size, By Less than 18, By Value, 2018H-2028F (USD Billion & CAGR)
3.7.3 Global Prestige Beauty Market Size, By 18-30, By Value, 2018H-2028F (USD Billion & CAGR)
3.7.4 Global Prestige Beauty Market Size, By 30-45, By Value, 2018H-2028F (USD Billion & CAGR)
3.7.5 Global Prestige Beauty Market Size, By More than 45, By Value, 2018H-2028F (USD Billion & CAGR)
3.8 Global Prestige Beauty Market Segmentation: By Sales Channel
3.8.1 Global Prestige Beauty Market, By Sales Channel Overview
3.8.2 Global Prestige Beauty Market Size, By Branded Stores, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.3 Global Prestige Beauty Market Size, By Specialized Stores, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.4 Global Prestige Beauty Market Size, By Online Channel, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.5 Global Prestige Beauty Market Size, By Other Sales Channel, By Value, 2018H-2028F (USD Billion & CAGR)
4. Global Prestige Beauty Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Prestige Beauty Market: Historic and Forecast (2018-2028)
5.1 Americas Prestige Beauty Market: Snapshot
5.2 Americas Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
5.3 Americas Prestige Beauty Market: Key Factors
5.4 Americas Prestige Beauty Market Segmentation: By Product Type
5.4.1 Americas Prestige Beauty Market, By Product Type Overview
5.4.2 Americas Prestige Beauty Market Size, By Skincare, By Value, 2018H-2028F (USD Billion & CAGR)
5.4.3 Americas Prestige Beauty Market Size, By Cosmetics, By Value, 2018H-2028F (USD Billion & CAGR)
5.4.4 Americas Prestige Beauty Market Size, By Haircare, By Value, 2018H-2028F (USD Billion & CAGR)
5.4.5 Americas Prestige Beauty Market Size, By Fragrance, By Value, 2018H-2028F (USD Billion & CAGR)
5.5 Americas Prestige Beauty Market Segmentation: By Age Group
5.5.1 Americas Prestige Beauty Market, By Age Group Overview
5.5.2 Americas Prestige Beauty Market Size, By less than 18, By Value, 2018H-2028F (USD Billion & CAGR)
5.5.3 Americas Prestige Beauty Market Size, By 18-30, By Value, 2018H-2028F (USD Billion & CAGR)
5.5.4 Americas Prestige Beauty Market Size, By 30-45, By Value, 2018H-2028F (USD Billion & CAGR)
5.5.5 Americas Prestige Beauty Market Size, By More than 45, By Value, 2018H-2028F (USD Billion & CAGR)
5.6 Americas Prestige Beauty Market Segmentation: By Sales Channel
5.6.1 Americas Prestige Beauty Market, By Sales Channel Overview
5.6.2 Americas Prestige Beauty Market Size, By Branded Stores, By Value, 2018H-2028F (USD Billion & CAGR)
5.6.3 Americas Prestige Beauty Market Size, By Specialized Stores, By Value, 2018H-2028F (USD Billion & CAGR)
5.6.4 Americas Prestige Beauty Market Size, By Online Channel, By Value, 2018H-2028F (USD Billion & CAGR)
5.6.5 Americas Prestige Beauty Market Size, By Other Sales Channels, By Value, 2018H-2028F (USD Billion & CAGR)
5.7 Americas Prestige Beauty Market Segmentation: By Country
5.7.1 United States Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
5.7.1.1 United States Prestige Beauty Market, By Product Type
5.7.1.2 United States Prestige Beauty Market, By Age Group
5.7.1.3 United States Prestige Beauty Market, By Sales Channel
5.7.2 Brazil Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
5.7.2.1 Brazil Prestige Beauty Market, By Product Type
5.7.2.2 Brazil Prestige Beauty Market, By Age Group
5.7.2.3 Brazil Prestige Beauty Market, By Sales Channel
5.7.3 Rest of Americas Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
5.7.3.1 Rest of Americas Prestige Beauty Market, By Product Type
5.7.3.2 Rest of Americas Prestige Beauty Market, By Age Group
5.7.3.3 Rest of Americas Prestige Beauty Market, By Sales Channel
6. Europe Prestige Beauty Market: Historic and Forecast (2018-2028)
6.1 Europe Prestige Beauty Market: Snapshot
6.2 Europe Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
6.3 Europe Prestige Beauty Market: Key Factors
6.4 Europe Prestige Beauty Market Segmentation: By Product Type
6.4.1 Europe Prestige Beauty Market, By Product Type Overview
6.4.2 Europe Prestige Beauty Market Size, By Skincare, By Value, 2018H-2028F (USD Billion & CAGR)
6.4.3 Europe Prestige Beauty Market Size, By Cosmetics, By Value, 2018H-2028F (USD Billion & CAGR)
6.4.4 Europe Prestige Beauty Market Size, By Haircare, By Value, 2018H-2028F (USD Billion & CAGR)
6.4.5 Europe Prestige Beauty Market Size, By Fragrances, By Value, 2018H-2028F (USD Billion & CAGR)
6.5 Europe Prestige Beauty Market Segmentation: By Age Group
6.5.1 Europe Prestige Beauty Market, By Age Group Overview
6.5.2 Europe Prestige Beauty Market Size, By Less than 18, By Value, 2018H-2028F (USD Billion & CAGR)
6.5.3 Europe Prestige Beauty Market Size, By 18-30, By Value, 2018H-2028F (USD Billion & CAGR)
6.5.4 Europe Prestige Beauty Market Size, By 30-45, By Value, 2018H-2028F (USD Billion & CAGR)
6.5.5 Europe Prestige Beauty Market Size, By More than 45, By Value, 2018H-2028F (USD Billion & CAGR)
6.6 Europe Prestige Beauty Market Segmentation: By Sales Channel
6.6.1 Europe Prestige Beauty Market, By Sales Channel Overview
6.6.2 Europe Prestige Beauty Market Size, By Branded Stores, By Value, 2018H-2028F (USD Billion & CAGR)
6.6.3 Europe Prestige Beauty Market Size, By Specialized Stores, By Value, 2018H-2028F (USD Billion & CAGR)
6.6.4 Europe Prestige Beauty Market Size, By Online Channel, By Value, 2018H-2028F (USD Billion & CAGR)
6.6.5 Europe Prestige Beauty Market Size, By Other Sales Channel, By Value, 2018H-2028F (USD Billion & CAGR)
6.7 Europe Prestige Beauty Market Segmentation: By Country
6.7.1 Germany Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
6.7.1.1 Germany Prestige Beauty Market, By Product Type
6.7.1.2 Germany Prestige Beauty Market, By Age Group
6.7.1.3 Germany Prestige Beauty Market, By Sales Channel
6.7.2 United Kingdom Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
6.7.2.1 United Kingdom Prestige Beauty Market, By Product Type
6.7.2.2 United Kingdom Prestige Beauty Market, By Age Group
6.7.2.3 United Kingdom Prestige Beauty Market, By Sales Channel
6.7.3 France Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
6.7.3.1 France Prestige Beauty Market, By Product Type
6.7.3.2 France Prestige Beauty Market, By Age Group
6.7.3.3 France Prestige Beauty Market, By Sales Channel
6.7.4 Italy Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
6.7.4.1 Italy Prestige Beauty Market, By Product Type
6.7.4.2 Italy Prestige Beauty Market, By Age Group
6.7.4.3 Italy Prestige Beauty Market, By Sales Channel
6.7.5 Spain Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
6.7.5.1 Spain Prestige Beauty Market, By Product Type
6.7.5.2 Spain Prestige Beauty Market, By Age Group
6.7.5.3 Spain Prestige Beauty Market, By Sales Channel
6.7.6 Rest of Europe Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
6.7.6.1 Rest of Europe Prestige Beauty Market, By Product Type
6.7.6.2 Rest of Europe Prestige Beauty Market, By Age Group
6.7.6.3 Rest of Europe Prestige Beauty Market, By Sales Channel
7. Asia Pacific Prestige Beauty Market: Historic and Forecast (2018-2028)
7.1 Asia Pacific Prestige Beauty Market: Snapshot
7.2 Asia Pacific Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
7.3 Asia Pacific Prestige Beauty Market: Key Factors
7.4 Asia Pacific Prestige Beauty Market Segmentation: By Product Type
7.4.1 Asia Pacific Prestige Beauty Market, By Product Type Overview
7.4.2 Asia Pacific Prestige Beauty Market Size, By Skincare, By Value, 2018H-2028F (USD Billion & CAGR)
7.4.3 Asia Pacific Prestige Beauty Market Size, By Cosmetics, By Value, 2018H-2028F (USD Billion & CAGR)
7.4.4 Asia Pacific Prestige Beauty Market Size, By Haircare, By Value, 2018H-2028F (USD Billion & CAGR)
7.4.5 Asia Pacific Prestige Beauty Market Size, By Fragrance, By Value, 2018H-2028F (USD Billion & CAGR)
7.5 Asia Pacific Prestige Beauty Market Segmentation: By Age Group
7.5.1 Asia Pacific Prestige Beauty Market, By Age Group Overview
7.5.2 Asia Pacific Prestige Beauty Market Size, By less than 18, By Value, 2018H-2028F (USD Billion & CAGR)
7.5.3 Asia Pacific Prestige Beauty Market Size, By 18-30, By Value, 2018H-2028F (USD Billion & CAGR)
7.5.4 Asia Pacific Prestige Beauty Market Size, By 30-45, By Value, 2018H-2028F (USD Billion & CAGR)
7.5.5 Asia Pacific Prestige Beauty Market Size, By More than 45, By Value, 2018H-2028F (USD Billion & CAGR)
7.6 Asia Pacific Prestige Beauty Market Segmentation: By Sales Channel
7.6.1 Asia Pacific Prestige Beauty Market, By Sales Channel Overview
7.6.2 Asia Pacific Prestige Beauty Market Size, By Branded Stores, By Value, 2018H-2028F (USD Billion & CAGR)
7.6.3 Asia Pacific Prestige Beauty Market Size, By Specialized Stores, By Value, 2018H-2028F (USD Billion & CAGR)
7.6.4 Asia Pacific Prestige Beauty Market Size, By Online Channel, By Value, 2018H-2028F (USD Billion & CAGR)
7.7.5 Asia Pacific Prestige Beauty Market Size, By Other Sales Channel, By Value, 2018H-2028F (USD Billion & CAGR)
7.7 Asia Pacific Prestige Beauty Market Segmentation: By Country
7.7.1 China Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
7.7.1.1 China Prestige Beauty Market, By Product Type
7.7.1.2 China Prestige Beauty Market, By Age Group
7.7.1.3 China Prestige Beauty Market, By Sales Channel
7.7.2 Japan Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
7.7.2.1 Japan Prestige Beauty Market, By Product Type
7.7.2.2 Japan Prestige Beauty Market, By Age Group
7.7.2.3 Japan Prestige Beauty Market, By Sales Channel
7.7.3 India Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
7.7.3.1 India Prestige Beauty Market, By Product Type
7.7.3.2 India Prestige Beauty Market, By Age Group
7.7.3.3 India Prestige Beauty Market, By Sales Channel
7.7.4 Rest Of Asia Pacific Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
7.7.4.1 Rest Of Asia Pacific Prestige Beauty Market, By Product Type
7.7.4.2 Rest Of Asia Pacific Prestige Beauty Market, By Age Group
7.7.4.3 Rest Of Asia Pacific Prestige Beauty Market, By Sales Channel
8. Middle East & Africa Prestige Beauty Market: Historic and Forecast (2018-2028)
8.1 Middle East & Africa Prestige Beauty Market: Snapshot
8.2 Middle East & Africa Prestige Beauty Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
8.3 Middle East & Africa Prestige Beauty Market: Key Factors
8.4 Middle East & Africa Prestige Beauty Market Segmentation: By Product Type
8.4.1 Middle East & Africa Prestige Beauty Market, By Product Type Overview
8.4.2 Middle East & Africa Prestige Beauty Market Size, By Skincare, By Value, 2018H-2028F (USD Billion & CAGR)
8.4.3 Middle East & Africa Prestige Beauty Market Size, By Cosmetics, By Value, 2018H-2028F (USD Billion & CAGR)
8.4.4 Middle East & Africa Prestige Beauty Market Size, By Haircare, By Value, 2018H-2028F (USD Billion & CAGR)
8.4.5 Middle East & Africa Prestige Beauty Market Size, By Fragrance, By Value, 2018H-2028F (USD Billion & CAGR)
8.5 Middle East & Africa Prestige Beauty Market Segmentation: By Age Group
8.5.1 Middle East & Africa Prestige Beauty Market, By Age Group Overview
8.5.1 Middle East & Africa Prestige Beauty Market Size, By less than 18, By Value, 2018H-2028F (USD Billion & CAGR)
8.5.1 Middle East & Africa Prestige Beauty Market Size, By 18-30, By Value, 2018H-2028F (USD Billion & CAGR)
8.5.1 Middle East & Africa Prestige Beauty Market Size, By 30-45, By Value, 2018H-2028F (USD Billion & CAGR)
8.5.1 Middle East & Africa Prestige Beauty Market Size, By More than 45, By Value, 2018H-2028F (USD Billion & CAGR)
8.6 Middle East & Africa Prestige Beauty Market Segmentation: By Sales Channel
8.6.1 Middle East & Africa Prestige Beauty Market, By Sales Channel Overview
8.6.2 Middle East & Africa Prestige Beauty Market Size, By Branded Stores, By Value, 2018H-2028F (USD Billion & CAGR)
8.6.3 Middle East & Africa Prestige Beauty Market Size, By Specialized Stores, By Value, 2018H-2028F (USD Billion & CAGR)
8.6.4 Middle East & Africa Prestige Beauty Market Size, By Online Channel, By Value, 2018H-2028F (USD Billion & CAGR)
8.6.5 Middle East & Africa Prestige Beauty Market Size, By Other Sales Channel, By Value, 2018H-2028F (USD Billion & CAGR)
9. Market Dynamics
9.1 Impact assessment of Market Dynamics on the Global Prestige Beauty Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Macro-Economic Factor Assessment
10.2 Value Chain Analysis
10.3 Porter's Five Forces Model
11. Competitive Positioning
11.1 Companies' Product Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of the Prestige Beauty Market
11.4 Company Profiles
11.4.1 LVMH
11.4.2 The Estée Lauder Companies Inc.
11.4.3 L'Oréal
11.4.4 PVH Corp.
11.4.5 Shiseido Company, Limited
11.4.6 Coty Inc.
11.4.7 Unilever plc.
11.4.8 Puig
11.4.9 OLAPLEX Holdings, Inc.
11.4.10 Anastasia Beverly Hills
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