Asia Pacific Luxury Cosmetics Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Description

Asia Pacific Luxury Cosmetics Market size was valued at USD 18,546.9 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028. The global market provides a detailed overview of the market, and that can be segmented by Source, by Product Type, by Gender, and by Distribution Channel. By source, the market has been segmented into Organic, Conventional. The conventional luxury cosmetics segment is likely to be the largest and fastest-growing segment in terms of source. Based on product, the market is segmented into Skin Care and Sun Care, Deodorants and Fragrances, Hair Care, Makeup, and Others. Among these, the skin care & sun care segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on gender, the Asia pacific luxury cosmetics market is segmented into Male, Female. The female segment accounts for the largest share in 2021. Based on the distribution channel, the segment has been segregated into Supermarkets and Hypermarkets, Specialty and Monobrand Stores, E-commerce, Others. The supermarkets and hypermarkets segment is expected to dominate other segments in the Asia pacific luxury cosmetics market.

Key Development:

In April 2021, Base Picker, a new Customized Foundation Service from Amorepacific, was introduced. It offered a specialized makeup service with 100 colors developed after researching the skin tones of customers.

In Dec 2020, L’Oréal S.A. announced acquisition Japanese company Takami Co. The company is engaged in developing products under license from the Takami skincare line. The acquired brand sells high-end skincare items with a focus on peeling.