The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Premium Beauty and Personal Care Products market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Premium Beauty and Personal Care Products
The report offers actionable and valuable market insights of Premium Beauty and Personal Care Products. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Premium Beauty and Personal Care Products Market across various industries and regions.
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As per a revised research study on the global premium beauty and personal care products market, the industry is slated to experience expansion at a CAGR of approximately 6% over the decade and top a valuation of US$ 100 Bn by 2031. Analysts at Fact.MR have studied the marketplace in detail and created a detailed assessment of the various factors that influence market growth potential, and predict North America and Europe to remain lucrative regional markets.
This newly published and insightful report sheds light on Market Insights of Premium Beauty and Personal Care Products, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Premium Beauty and Personal Care Products Market.
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Competitive Contours of Premium Beauty and Personal Care Products Market
The report offers a critical look at the profile of various market players and the offerings of key ones in the premium beauty and personal care products market. It also evaluates how the changes in strategic landscape going to influence the degree of competition in the premium beauty and personal care products market.
Some of the top players operating in the premium beauty and personal care products market are
- Revlon Inc.
- Mary Kay
- Shiseido Company
- Limited
- Procter and Gamble Co.
- Avon Products
- Beiersdorf AG
- Kao Corporation
- the Estée Lauder Companies Inc.
- Loreal Group
- Unilever.
Personal care and beauty products with premium price tags often attract the eyes of high-spending consumers. Their production entails higher procurement of upgraded materials, improved manufacturing abilities, and effective usability. Manufacturers of premium beauty & personal care products are also observing key health trends among global consumer demographics to improve their offerings. With rising cross-industry penetration of mass communication and media & entertainment businesses, the global demand for premium beauty & personal care products is slated to gain traction.
The Fact.MR report on global premium beauty & personal care products market studies the expansion of the market till date, and assesses its future prospects during the forecast period, 2017-2022. According to the report, the global market for premium beauty & personal care products will reach US$ 111 Bn valuation by the end of 2017. However, with a growing preference to organic cosmetics, manufacturers are likely to divest their capital while exploring this “all-green” dimension of premium beauty & personal care products.
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Key Report Highlights
- Premium beauty & personal care products are likely to be extravagant for common consumers, but high-spending consumers in countries such as the US and Canada will continue to promising customer demographics in the global market. In the report, the premium beauty & personal care products market in North America is projected to dominate the global market.
- Manufacturers of premium beauty & personal care products, however, are reluctant to set up their production bases in North America. For reasons namely, low wage costs, easy raw material availability, and lenient manufacturing laws, key players in the global premium beauty & personal care products market are expanding their manufacturing presence across the Asia-Pacific excluding Japan (APEJ) region. By the end of 2017, over 20% of the global market revenues are likely to come from sales recorded in the APEJ region.
- Europe’s premium beauty & personal care products market is also expected to grow steadily, and will bring in US$ 36 Bn towards the end of the forecast period.
- The report stresses the high demand for premium skin care products across the globe. With changing climatic conditions and rising exposure to televised media platforms, consumers will be drawn towards adopting premium skin care in their daily routines. With an approximate one-third revenue share, premium skin care products will procure over US$ 45 Bn in global revenues by the end of 2022.
- Sales of premium beauty & personal care products through e-commerce websites is slated to gain traction towards the latter half of the forecast period. However, hypermarkets/supermarkets will be observed as the largest channel for sales of premium beauty & personal care products in the global market.
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More Valuable Insights on Premium Beauty and Personal Care Products Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Premium Beauty and Personal Care Products, Sales and Demand of Premium Beauty and Personal Care Products, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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