Chemical Industry Updates

  Premium cosmetics are high quality skincare, body care and makeup products that offer superior formulations with natural and organic ingredients to visibly improve the appearance of skin over time. The demand for premium cosmetic products is growing as they hydrate, nourish and protect skin from pollution, UV rays and other environmental damage. The global premium cosmetics market is estimated to be valued at US$ 123.39 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased online sales of premium cosmetic products is one of the key trends seen in the market. Growing internet and smartphone penetration along with convenient payment options and attractive deals have contributed significantly to the rise of e-commerce for premium cosmetics. Many leading brands are offering specialized online stores and social media platforms to promote new pr...

Premium cosmetics deliver superior quality formulas and ingredients compared to mass-market cosmetics. Premium cosmetics products such as premium skin care, color cosmetics, hair care, fragrances etc. are specially formulated to cater different skin types and needs. Premium cosmetics provide advanced anti-aging benefits, protection from pollution and UV rays and nourish the skin deeply. The global Premium Cosmetics Market is estimated to be valued at US$ 123.39 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased adoption of online shopping platforms has accelerated the growth of the Premium Cosmetics Market . With growing preference of consumers to shop online and access a wide range of products from different brands at competitive prices, online sales channel has emerged as major growth driver for the industry. Brands are focusing on expanding t...