Concerning the three selected segments, the segment Prestige Fragrances has the largest revenue with 22.08 billion U.S. dollars. Contrastingly, Prestige Cosmetics is ranked last, with 20.29 billion U.S. dollars. Their difference, compared to Prestige Fragrances, lies at 1.79 billion U.S. dollars.
Data provided by Statista Market Insights are estimates.
Definition:
Prestige Cosmetics & Fragrances are comprised of Prestige Skin Care, Fragrances and Decorative Cosmetics. Skin care products constitute the bulk of sales with roughly 50 percent of all sales revenues. With a high share of licensed designer and celebrity-themed products, prestige beauty products stand out from the other luxury segments covered here due to their relative affordability.
The overall market definition is aligned with the Consumer Market Insights Beauty and Personal Care Cosmetics market, while here only the super- and ultra-premium range is considered, and hair care, oral care and personal hygiene products are excluded. Likewise, professional products produced for hair salons or cosmetic parlors are not included. Covered are only product sales and no beauty services.
Structure:
The Prestige Cosmetics & Fragrances market is divided into 3 markets:
Prestige Cosmetics including decorative cosmetics like make-up, lipsticks and gloss, eyeshadow and mascara, nail polish and similar products.
Prestige Skin Care includes skin creams and lotions for face and body care, lip care products as well as hand and foot care products.
Prestige Fragrances includes perfumes and eaux de toilette. Not included are deodorants or room scents.
Additional Information:
The shown market data are based on an analysis of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Sales by smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.
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Statista. (October 1, 2024). Revenue of the prestige cosmetics & fragrances industry worldwide in 2023, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 13, 2024, from https://www.statista.com/forecasts/1428753/revenue-prestige-cosmetics-fragrances-market-by-segments-worldwide
Statista. "Revenue of the prestige cosmetics & fragrances industry worldwide in 2023, by segment (in billion U.S. dollars)." Chart. October 1, 2024. Statista. Accessed October 13, 2024. https://www.statista.com/forecasts/1428753/revenue-prestige-cosmetics-fragrances-market-by-segments-worldwide
Statista. (2024). Revenue of the prestige cosmetics & fragrances industry worldwide in 2023, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 13, 2024. https://www.statista.com/forecasts/1428753/revenue-prestige-cosmetics-fragrances-market-by-segments-worldwide
Statista. "Revenue of The Prestige Cosmetics & Fragrances Industry Worldwide in 2023, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Oct 2024, https://www.statista.com/forecasts/1428753/revenue-prestige-cosmetics-fragrances-market-by-segments-worldwide
Statista, Revenue of the prestige cosmetics & fragrances industry worldwide in 2023, by segment (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1428753/revenue-prestige-cosmetics-fragrances-market-by-segments-worldwide (last visited October 13, 2024)
Revenue of the prestige cosmetics & fragrances industry worldwide in 2023, by segment (in billion U.S. dollars) [Graph], Statista, October 1, 2024. [Online]. Available: https://www.statista.com/forecasts/1428753/revenue-prestige-cosmetics-fragrances-market-by-segments-worldwide