Luxury Cosmetics Market in Europe is expected to register a CAGR of 4.9% during the forecast period (2019-2025) - KBV Research

24-Oct-2019 | Report Format: Electronic (PDF)

Growth, Trends and Report Highlights

According to a new report Europe Luxury Cosmetics Market, published by KBV Research, the Europe Luxury Cosmetics Market would witness market growth of 4.9% growth rate during the forecast period (2019-2025).

The Germany market dominated the Europe Luxury Cosmetics Market by Country 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $5974.1 million by 2025, growing at a CAGR of 3.8 % during the forecast period.The UK market is expected to witness a CAGR of 4.1% during (2019 - 2025). Additionally, The France market is expected to witness a CAGR of 5.7% during (2019 - 2025).

The Supermarket/Hypermarket market garnered the highest market share in the Europe Luxury Cosmetics Market by Distribution Channel 2018, and would exhibit a growth rate of 4.4% during the forecast period. The E-commerce market is anticipated to experience a growth of 4.1% CAGR during (2019 - 2025). The Specialty stores and Monobrand stores market would grow at 6.1% CAGR during (2019 - 2025).

By Product Type, The Germany market registered the largest revenue contribution to the Europe Skincare Market by Country 2018, and is expected to achieve a market size of $1,883.2 million by 2025, rising at a 2.9% CAGR during the forecast period. The UK market is forecasted to witness a growth of 3.3% CAGR during (2019 - 2025).

Full Report:https://www.kbvresearch.com/europe-luxury-cosmetics-market/

The Luxury Cosmetics market report has segmented the market on the basis of type, product type, end-user, distribution channel, and region. Organic and conventional products are covered in the type segment. The product type segment comprises skincare, makeup, haircare, and fragrances. On the basis of end-user, the market is categorized into males and females. The distribution channel segment includes e-commerce, specialty/mono-brand stores, supermarket/hypermarket, and others. The regional market is studied across Germany, UK, France, Russia, Spain, Italy and Rest of Europe.

The major market players expanding their reach in the Europe luxury cosmetics market are L’Oréal, Christian Dior, Shiseido Company, Limited, Puig, Coty Inc., Revlon, Inc., Kao Corporation, Oriflame Cosmetics AG, The Estée Lauder Companies Inc., and KOSé Corporation. . The market players are adopting progressive strategies to leverage the opportunities of the market. Companies are focusing on innovative strategies to compete in the market space.