Premium Skin Care Market Report 2025 (Global Edition)

Global Premium Skin Care Market Report 2025 Market Size Split by Type (Moisturizers, Anti-aging, Oil control, Sunscreen, Other), by Application (Retail Stores, Specialty Stores, Online Stores), by End...

Premium Skin Care Market Report Description

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Premium Skin Care Market Insights Video

Competitive Landscape of the Premium Skin Care Market

The established global companies that dominate the premium skincare market through innovation, cutting-edge formulations, and strong brand equity include Estée Lauder, L'Oréal, Shiseido, and La Mer. Consumers who care about the environment are drawn to up-and-coming niche brands that specialize in cruelty-free, vegan, and clean products. Intense competition is centered on the effectiveness of products, their exclusivity, and marketing tactics. To stay ahead of the competition, businesses are using influencer marketing, e-commerce, and customized skincare products.

In November 2022, Kao and Daiichi Sankyo Healthcare announced a collaboration agreement to work together on cooperative development in the life care business (skincare-related). This is the first step in the two businesses' joint venture to leverage their core and formulation technologies to create healthcare and other goods that enhance and promote healthy lives. (Source: https://www.kao.com/global/en/newsroom/news/release/2022/20221124-001/) In July 2022, The Estée Lauder Companies (ELC) and NYKAA, one of the top omnichannel beauty and lifestyle providers in India, announced the launch of BEAUTY&YOU India. With the help of NYKAA and ELC's New Incubation Ventures, BEAUTY&YOU India was established to identify, showcase, and advance the upcoming wave of Indian beauty brands. (Source: https://www.elcompanies.com/en/news-and-media/newsroom/press-releases/2022/07-21-2022) In January 2022, a strategic collaboration between L'Oreal and Verily, focused solely on beauty, was announced to improve skin health. To better define and understand the mechanisms underlying skin and hair aging and to inform L'Oréal's precision beauty tech strategy and product development, the beauty industry and the firm have formed a pioneering relationship that will entail two initiatives. (Source: https://www.loreal.com/en/press-release/group/loreal-x-verily-partnership/)

Top Companies Market Share in Premium Skin Care Industry: (In no particular order of Rank)

• Revlon Inc.
• Mary Kay
• Shiseido Company Limited
• Procter and Gamble Co.
• Avon Products
• Beiersdorf AG
• Kao Corporation
• Estée Lauder Companies Inc.
• Loreal Group
• Unilever
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Premium Skin Care Market

Which Region Dominates the Premium Skin Care Market in 2024?

According to Cognitive Market Research, North America currently dominates the Premium Skin Care market, and the region is expected to have significant growth during the projected period. The demand for healthy, sustainable beauty products, as well as growing consumer knowledge of skin health and anti-aging issues, are driving growth in the North American premium skincare market. Expanding consumer desire for vegan, cruelty-free, and organic formulations is a significant trend that reflects their ethical and environmental concerns. With companies like Tata Harper and Drunk Elephant leveraging influencer marketing and digital platforms to target younger, tech-savvy consumers, e-commerce is a major growth engine. Furthermore, as customers look for customized, high-performance products, customized skincare solutions that use AI and skin diagnostics are becoming more and more popular, which is driving the development of the premium skincare market in the region.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Due to growing disposable incomes, an emphasis on skincare regimens, and an increase in demand for anti-aging and brightening products, the premium skincare market in the Asia-Pacific region is expanding quickly. One of the main trends is the rise in popularity of K-beauty and J-beauty, which prioritize multi-step skincare regimes and inventive, mild formulations. Because consumers desire eco-friendly and cruelty-free products, there is also a significant demand for natural and clean beauty products, such as those from SK-II and Innisfree. Growth in digital and e-commerce platforms is an opportunity for companies to connect with tech-savvy consumers. Additionally, tailored skincare treatments that tackle the wide range of skin conditions in the region can be provided.

The current report Scope analyzes Premium Skin Care Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Premium Skin Care

According to Cognitive Market Research, the global Premium Skin Care market size was estimated at USD 23154.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Premium Skin Care market with a market size of USD 7307.47 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. High levels of education drive demand in the US for the advantages and ingredients of skincare.
• The Canadian Premium Skin Care market had a market share of USD 1111.40 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period. In Canada, spending on high-end skincare products is encouraged by rising skin health awareness.
• The Mexico Premium Skin Care market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 842.81 million in 2024.

Europe Premium Skin Care

According to Cognitive Market Research, the global Premium Skin Care market size was estimated at USD 23154.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 6946.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• The United Kingdom Premium Skin Care market had a market share of USD 1166.97 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. A preference for organic and cruelty-free products drives growing consumer demand in the UK for premium options.
• The France Premium Skin Care market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 639.06 million in 2024.
• According to Cognitive Market Research, the German Premium Skin Care market size was valued at USD 1375.36 million in 2024 and is projected to grow at a CAGR of 7.6% during the forecast period. German consumers encourage luxury purchases by placing a high value on skincare products' effectiveness and quality.
• The Italy Premium Skin Care market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 597.38 million in 2024.
• The Russian Premium Skin Care market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 1076.67 million in 2024.
• The Spain Premium Skin Care market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 569.59 million in 2024
• The Luxembourg Premium Skin Care market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 215.33 million in 2024.
• The Portugal Premium Skin Care market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 145.87 million in 2024.
• The Greece Premium Skin Care market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 83.36 million in 2024.
• The Rest of Europe's Premium Skin Care market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 1076.67 million in 2024.

Asia Pacific Premium Skin Care

According to Cognitive Market Research, the global Premium Skin Care market size was estimated at USD 23154.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5325.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Premium Skin Care market size was valued at USD 2396.46 million in 2024 and is projected to grow at a CAGR of 10.4% during the forecast period. In China, the rising urban middle class looks for premium skincare products to incorporate into their beauty routine.
• The Japan Premium Skin Care market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 734.91 million in 2024.
• The India Premium Skin Care market had a market share of USD 639.06 million in 2024 and is projected to grow at a CAGR of 12.7% during the forecast period. In India, expanding middle-class wealth makes it possible to spend more on premium skincare products.
• The South Korean Premium Skin Care market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 532.55 million in 2024.
• The Australian Premium Skin Care market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 276.92 million in 2024.
• The South East Asia Premium Skin Care market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 367.46 million in 2024.
• The Rest of Asia Pacific Premium Skin Care market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 378.11 million in 2024.

South America Premium Skin Care

According to Cognitive Market Research, the global Premium Skin Care market size was estimated at USD 23154.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1157.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Premium Skin Care market size was valued at USD 495.50 million in 2024 and is projected to grow at a CAGR of 8.9% during the forecast period. Premium skincare is in high demand in Brazil due to the country's high emphasis on beauty and personal care.
• Argentina's Premium Skin Care market had a market share of USD 194.50 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. Argentina's growing emphasis on wellness and self-care stimulates investment in premium skincare products.
• Colombia Premium Skin Care market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 103.04 million in 2024.
• Peru's Premium Skin Care market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 94.93 million in 2024.
• Chile Premium Skin Care market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 83.36 million in 2024.
• The Rest of Latin America's Premium Skin Care market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 186.39 million in 2024.

Middle East Premium Skin Care

According to Cognitive Market Research, the global Premium Skin Care market size was estimated at USD 23154.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 463.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.

• The GCC Countries Premium Skin Care market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 198.20 million in 2024. In GCC countries, premium and expensive skin care products are sought after by affluent consumers as a status symbol.
• The Egypt Premium Skin Care market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 48.62 million in 2024.
• The South Africa Premium Skin Care market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 73.17 million in 2024. South Africa's premium skincare purchases are driven by growing awareness of skin health and particular issues (such as pigmentation).?
• The Turkey Premium Skin Care market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 39.83 million in 2024.
• The Nigeria Premium Skin Care market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 48.62 million in 2024.
• The Rest of the MEA Premium Skin Care market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 54.64 million in 2024.

Premium Skin Care Market Analysis

Premium Skin Care Market Type Segment Analysis

According to Cognitive Market Research, Moisturizers are likely to dominate the Premium Skin Care Market over the forecast period. A growing emphasis on skin hydration and barrier protection among consumers is driving the premium skincare market's demand for moisturizers. Luxurious moisturizers are popular among consumers looking for anti-aging and long-lasting hydration since they are often made with cutting-edge ingredients like ceramides, peptides, and hyaluronic acid. Leaders in this market with high-end, scientifically proven formulas are La Mer and Charlotte Tilbury. The demand for natural, non-toxic moisturizers is also rising as a result of clean beauty movements. The premium skincare industry is continuing to rise as a result of increased consciousness of the significance of regular skin hydration in this product category.

The Anti-aging is the fastest-growing segment in the Premium Skin Care Market. Anti-aging goods significantly drive the market for premium skincare products as consumers seek out solutions that target fine lines, wrinkles, and skin elasticity. Growing numbers of consumers throughout the world are looking for premium, scientifically proven products that contain antioxidants, peptides, and retinol to stall the signs of aging. Prestige labels with strong, upscale formulas, like SK-II and Estée Lauder, dominate this market. Demand for high-end anti-aging products has also increased as a result of younger consumers becoming more aware of preventive skincare practices.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Premium Skin Care Industry. Request a Free Sample PDF!

Premium Skin Care Market Application Segment Analysis

According to Cognitive Market Research, the Retail Stores segment holds the largest share of the market. Premium skincare products are still in high demand in retail establishments, especially in upscale department stores and specialty beauty shops. For high-end skincare goods, customers frequently prefer in-store purchasing since it allows them to try products out for themselves through samples, consultations, and tailored suggestions. Luxury skincare brands are carefully chosen and offered by retailers such as Sephora and Nordstrom to improve the client experience. Brick-and-mortar stores are still very important in the luxury skincare sector, even with the rise of e-commerce. This is especially true for clients who want to test products before they buy them and want rapid product availability.

In the Premium Skin Care Market, the Online Stores are witnessing tremendous expansion. The ease of buying from home and the availability of a wider selection of brands have contributed to an increase in demand for premium skincare items at online retailers. Luxury skincare solutions seekers are drawn to e-commerce platforms such as Sephora and Amazon and brand-specific websites that provide comprehensive product details, reviews, and special online promotions. Online sales are further increased by the growth of social media and influencer marketing since they provide high-end products with a worldwide platform for promotion. The trust of shoppers in buying high-end skincare products online is also growing due to subscription programs and tailored online suggestions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Premium Skin Care End Users Segment Analysis

Premium Skin Care Market End Users Segment Analysis

According to Cognitive Market Research, the Women segment holds the largest market share. Because of their emphasis on hydration, anti-aging, and maintaining the health of their skin, women are the primary consumers of premium skincare products. Women are looking for high-quality, scientifically proven formulas that offer noticeable benefits as skincare routines become an essential component of self-care. Expensive, efficient solutions that target particular issues like wrinkles, fine lines, and hyperpigmentation are offered by premium brands like La Mer and Estée Lauder to meet this need. Women are also drawn to the rise of personalized skincare and clean beauty, which encourages them to spend money on high-quality products that complement their lifestyle and skincare objectives.

In the Premium Skin Care market, the rapidly growing sector is the Men category. A growing knowledge of the benefits of skincare and personal grooming is driving a significant increase in men's demand for premium skincare products. Men are increasingly likely to spend money on high-quality skincare products that address certain issues with their skin, like hydration, aging, and acne, as social norms change. Companies like Bulldog and Kiehl's are becoming more well-known for their high-end, user-friendly formulas made especially for the skin type of guys. Men are now more inclined to experiment with skincare regimens owing to the growth of social media and influencer marketing, which has made high-quality skincare an integral component of their grooming practices and way of life.

• Men
• Women
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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