Luxury Cosmetics Market in North America is expected to register a CAGR of 3.5% 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 North America Luxury Cosmetics Market, published by KBV Research, the North America Luxury Cosmetics Market would witness market growth of 3.5% CAGR during the forecast period (2019-2025).

The US market dominated the North America Luxury Cosmetics Market by Country 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $10147.4 million by 2025, growing at a CAGR of 2.6% during the forecast period.The Canada market is expected to witness a CAGR of 4.9% during (2019 - 2025). Additionally, The Mexico market is expected to witness a CAGR of 4.7% during (2019 - 2025).

The Supermarket/Hypermarket market contributed the largest revenue share to the North America Luxury Cosmetics Market by Distribution Channel 2018, and is expected to retain its dominance market till 2025; growing at a growth of 2.9% CAGR during the forecast period. The E-commerce market is anticipated to witness a growth of 2.7% CAGR during (2019 - 2025). The Specialty stores and Monobrand stores market is estimated to experience a growth of 4.7% CAGR during (2019 - 2025).

The Skincare market garnered the highest market share to North America Luxury Cosmetics Market by Product Type 2018, and would achieve a market size of $5545.2 million by 2025, rising at a growth of 2.6% CAGR during the forecast period. The Haircare market is predicted to experience a growth of 2.5% CAGR during (2019 - 2025).

Full Report:https://www.kbvresearch.com/north-america-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 USA, Canada, Mexico and Rest of North America.

The major market players expanding their reach in the global 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.