The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing demand for cosmetic items is likely to stimulate innovation in the manufacture of cosmetics stores, propelling the market over the forecast period.

The global cosmetics stores market 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 global cosmetics stores market size is expected to reach $151.63 billion in 2027 at a CAGR of 6.8%.

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Global Cosmetics Stores Market Segments Include:

• By Product: Skin Care, Hair Care, Makeup, Fragrance, Other Products
• By Price Range: Premium, Economy
• By Gender: Men, Women, Unisex
• By Distribution Channel: Offline, Online
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cosmetics stores market in 2021.

Major Market Players in the cosmetics stores market include 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.

Technological progress is a major trend in the cosmetic store sector. To strengthen their market position, major market players are focusing their efforts on developing novel technologies. For example, in July 2020, Amorepacific Corporation, a beauty and cosmetics company based in South Korea, built an augmented reality (AR) mirror. The mirror takes a photo of the user’s face and studies it, giving product recommendations based on the texture of the skin and addressing any defects such as pimples, wrinkles, or dark circles. Customers can then view a computer-generated image of themselves wearing various foundations, blushes, eye cosmetics, and lipsticks.

The Cosmetics Stores Global Market Report 2023  provides a cosmetics stores market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cosmetics stores market forecast analyzes cosmetics stores market size, cosmetics stores market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cosmetic stores, often known as beauty stores or beauty supply stores, are specialist retail businesses that sell and showcase cosmetics products. Cosmetics are any preparation intended to be applied to the skin and other body parts in order to improve their appearance and make them more desirable. This includes skincare, haircare, oral care, sun care, decorative cosmetics, body care, and scents.

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