Global Cosmetics Stores Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
14 Jul, 2023
The global cosmetics stores market size is expected to grow from $107.25 billion in 2022 to $116.27 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cosmetics stores market size is expected to reach $151.63 billion in 2027 at a CAGR of 6.8%.
Global Cosmetics Stores Market Key Driver
Increasing demand for cosmetic products is expected to propel the cosmetic store market going forward. Cosmetic products are any preparation that is intended to be applied to the skin and other body parts in order to improve their appearance and appeal. The increased awareness of personal cleanliness and skin health, the availability of a wide choice of affordable and effective cosmetic goods, rising disposable income, and other factors are driving demand for cosmetic products. Most people prefer to acquire cosmetic and beauty care items from cosmetic stores because of the availability of personalised products, positive in-store experiences, larger discount rates, and convenience in purchasing and product placement, which has fuelled the growth of cosmetic stores.
Get a sample of the global cosmetics stores market reportGlobal Cosmetics Stores Market Segments
The global cosmetics stores market is segmented:
1) By Product: Skin Care, Hair Care, Makeup, Fragrance, Other Products
2) By Price Range: Premium, Economy
3) By Gender: Men, Women, Unisex
4) By Distribution Channel: Offline, Online
5) By Geography: The regions covered in the cosmetics stores market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global cosmetics stores market.
Major Cosmetics Stores Industry Players
Avon Beauty Products India Private Limited, Kao Corporation, L'Oréal S.A., Oriflame Cosmetics S.A., Revlon Inc, Shiseido Company, The Estée Lauder Companies Inc, Bluemercury, M.A.C Cosmetics, Sugar, Ulta Beauty, Natura & Co, Christian Dior SE, The Cosmetics Company Store, Sephora
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Cosmetics Stores Market Overview
Cosmetic stores also known as beauty stores or beauty supply stores refer to specialty retail stores that are involved in the selling and displaying of cosmetics products. Cosmetics products are any preparation that intends to apply to skin and other body parts to improve their appearance and make them more appealing it includes skincare, haircare, oral care, sun care, decorative cosmetics, body care, and perfumes.
Cosmetics Stores Global Market Report 2023 provides data on the global cosmetics stores market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cosmetics stores market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.