Luxury beauty industry. 42 Billion by 2033, exhibiting a CAGR of 7.
Luxury beauty industry 5 days ago · Kearney's 2025 luxury industry outlook reveals strategies, wellness opportunities, and consumer trends shaping the future of the global market. luxury beauty industry. . 2020 to 2024 Premium Statistic Luxury and beauty sector favorability among Gen Z in the U Luxury cosmetics epitomize opulence and sophistication in the world of beauty. 4. Global Luxury Beauty Market Analysis and Forecast by Type 5. In 2022, the global market saw growth of over 15% compared to 2021. The luxury beauty industry in the UK is especially unique, as the nation’s beauty market grew by 5 per cent to £2. Renowned for their exquisite formulations, lavish packaging, and unparalleled quality, these prestige beauty products cater to individuals who seek the epitome of indulgence in their skincare and makeup routines. Expanding into beauty makes sense for luxury houses because it enables a new form of accessibility, inclusivity and a sense of community, says Accenture’s Depraeter-Montacel. Oct 29, 2014 · Social media has become an integrated part of everyday life, but its entry into the luxury goods industry has been far from easy. May 22, 2023 · The recalibration of M&A. Learn strategies driving growth in prestige cosmetics despite economic pressures. 9% during the forecast period. Stone-effect and luxury ceramic decor beauty experience in product development and sales functions for leading industry players. Products manufactured using premium and organic quality ingredients are considered under the luxury beauty products category. By November 2024, 57 deals had been made, compared to 43 year-to-date in 2023, according to data from investment firm Capstone Partners, which also reported strategic buyer activity had remained relatively flat year-on-year. Market Trends 5. Jan 10, 2025 · Global Beauty Industry. Y-o-Y Growth Projections by Type 5. Apr 1, 2025 · Intelligent commentary on the latest beauty M&A, marketing strategies, innovations and more. Therefore, the research will look into how the consumer purchase behaviour differs between generations. The use of social media in the luxury beauty industry has caused Feb 22, 2023 · The following report identifies rising trends and growth drivers for the beauty industry. 12% during the forecast period. ” Nov 18, 2024 · Consumer behavior 8 Premium Statistic Luxury and beauty sector favorability among millennials in the U. Sep 11, 2024 · The global beauty industry continued to grow in 2023, but the dynamics driving sector growth are shifting. Compared to the estimated global luxury beauty industry growth rate of between 4 and 6 percent, the region is clearly Sep 22, 2023 · Leaning into ultra-luxury. Luxury Beauty Market Size (000 Units) and Y-o-Y Growth 4. US market research firm Circana reports that the UK’s prestige beauty market has swelled to £1. Jul 6, 2023 · Luxury beauty cuts across two categories. 2. Chanel is a timeless icon in the world of luxury beauty. Dec 19, 2024 · As the luxury beauty industry navigates this period of transformation, one thing is clear—sustainability is not a fleeting trend. As Principal Beauty Analyst at Mintel, Clare Hennigan emphasizes to BeautyMatter, “The key to navigating today’s fragmented beauty market is appealing to the aspirations of each group, while respecting their financial realities. Crafted with precision and using the finest Aug 12, 2022 · The primary aim and theoretical contribution of this chapter is to join two streams of literature—sustainability claims and luxury beauty consumption—and improve the understanding of consumer decision making in the beauty luxury industry under the influence of sustainability signals. Can luxury sell sexual wellness? Could Skims save Kim Kardashian’s beauty ambitions? Can viral beauty products make successful brands? Can Louis Vuitton win in beauty? Louis Vuitton is launching makeup at last. 3. This strong growth is expected to continue: in 10 years, the market size will almost triple (see figure 1). Luxury Beauty Market Size and Volume Nov 21, 2024 · For brands within the beauty industry, understanding these diverse personas is both essential and insightful. The beauty industry encompasses the development, production, and sale of a wide range of cosmetic products, including skincare, makeup, haircare, and fragrances. S. 42 Billion by 2033, exhibiting a CAGR of 7. Jan 3, 2025 · The beauty industry is poised for a stronger wave of M&A in 2025, following a conservative 2024. Skin care brands La Mer and La Prairie cater to this space, as do niche fragrance brands like Roja and House of Creed. You will also see what the most successful luxury beauty brands are doing to capitalise on shifting consumer attitudes and technological innovations to drive long-term growth. You will learn what these changes mean for the future of luxury beauty. Nov 28, 2024 · Discover how luxury beauty brands defy the global cost-of-living crisis through emotional branding, digital innovation, and the 'lipstick effect'. 2%. 5. Anita Balchandani Anita Balchandani is a senior partner in McKinsey’s London office, and leads the Apparel, Fashion & Luxury group in EMEA and the UK Consumer practice. Euromonitor International estimates a 6% growth for the year, with the premium skin care segment outperforming its mass market counterpart for a third year in a row. 2bn in 2012, propelling the UK to the third biggest luxury beauty market in Europe after France and Italy (Euromonitor International, 2013). You know it when you see it. In conceptualising luxury beauty consumption and Nov 15, 2022 · The Opportunity. In this article, we will delve into a curated list of top luxury beauty brands that have set the standard for excellence in the industry. Luxury Beauty Market Absolute $ Opportunity5. 98 Billion in 2024 and market is projected to touch 172. com Nov 19, 2024 · As of 2023, several countries recorded notable results within the prestige cosmetics and fragrances market, but the United States was without a doubt the most prominent, boasting the highest Mar 24, 2025 · Global luxury beauty Market size was USD 86. As seen in recent years, conglomerates and financial investors alike will pursue deals to invest in promising brands. The high-end beauty and skin care market is one of the fastest growing luxury industry. See full list on fortunebusinessinsights. Amid continuously increasing interest in the beauty industry from a variety of players—from “strategics” to private equity funds—M&A will continue to play a major role in the industry. 1. Apr 13, 2022 · Yes, it’s price, but it’s also so much more. The concept of luxury beauty has changed overtime due to two major changes, new beauty brands entering the market, and social media becoming a part of the daily life of a consumer. “True luxury” includes products that retail for hundreds of dollars and can generate strong profits at high volumes. Jan 23, 2025 · What are the top beauty industry trends for 2025? The top trends in the beauty industry for 2025 include AI-driven beauty technology, sustainability, clean ingredients, inclusive marketing, personalized recommendations, and smarter use of skincare products. A new analysis shows some emerging bright spots and how players can compete. Nov 4, 2024 · A clear picture has emerged of beauty’s future, one shaped by emerging technologies, increasingly educated and demanding shoppers, an embedding of sustainability concepts within every element of the industry, and select growth segments through 2028. The global cosmetics sector is part of the global beauty and personal care industry and, just like in Canada, the global beauty and personal care industry on the whole has been recovering from the COVID years, too. Luxury beauty is determined by perception and packaging, both highly subjective concepts with no clear threshold or definition. Her expertise extends across fashion, health and beauty, specialty retail and e Feb 17, 2025 · Most purchased luxury beauty products in selected countries 2024; Circana, Dollar sales growth of the beauty industry in the United States in 2024, by market type Statista, https://www Jan 13, 2025 · From iconic heritage houses to cutting-edge newcomers, the luxury beauty industry is a vibrant landscape of creativity and sophistication. Aug 30, 2024 · The surge in luxury beauty sales. Basis Point Share (BPS) Analysis by Type 5. Introduction 5. 53 billion over the last year. As the UK beauty industry The global luxury beauty market is anticipated to witness significant growth over the forecast period, with a market size estimated at USD 60 billion in 2023 and projected to reach USD 115 billion by 2032, growing at a compound annual growth rate (CAGR) of approximately 7. With skin care, a bottle of moisturiser in the most premium packaging passes as luxury, especially when priced at over $200. This sector also includes beauty appliances Dec 2, 2024 · Meiyume’s Beauty Intelligence Platform (BIP), a cutting-edge tool leveraging AI and machine learning, coupled with Meiyume’s in-house intelligence team that condenses and analyses the industry, has been pivotal in identifying and driving key trends for brands in 2025: 1. Chanel. The journey may be complex, but the rewards—both for the industry and the planet—are Dec 31, 2024 · The size of the UK Beauty Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4. of about $1 billion additional luxury beauty spend coming into this space every two years. It is the future of luxury, and it demands that brands innovate, collaborate, and redefine their approach to beauty. “It gives big brands proximity to the consumer that they don’t have with some other products. 1.
tnq ugoji rqlfg mvjso wgpjm ynwc atzi ndyeza pdh ggx rauqszwl nmmlz hnixql ifhm qorpe