Global Luxury Beauty Tools
Market Report
2024
Global Luxury Beauty Tools Market is Growing at Compound Annual Growth Rate (CAGR) of 5.00% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, Global Luxury Beauty Tools Market is Growing at Compound Annual Growth Rate (CAGR) of 5.00% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Luxury Beauty Tools Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Europe Luxury Beauty Tools Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Asia Pacific Luxury Beauty Tools Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
South America Luxury Beauty Tools Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Middle East and Africa Luxury Beauty Tools Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
North America Luxury Beauty Tools Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Market Split by Product Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Luxury Beauty Tools industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Luxury Beauty Tools Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Cosmetics are products that are used to clean and beautify the physical features of humans. Luxury beauty tools are products that are manufactured with premium and organic quality ingredients and are sold at a higher price than drugstore products. Key players in the luxury beauty tools market increase the number of educational lessons and videos, and information published online in conjunction with DIY trends are key market drivers enhancing market growth. With the growth of certified organic and natural beauty products, the growth of cosmetics and personal care tools, and the escalating demand for halal cosmetics, e-commerce is expected to continue to be the fastest-growing sales channel. Additionally, natural components are in great demand; as a result, most companies are developing goods containing natural ingredients, such as high-end botanical substances originating from plants and those with numerous applications. These strategies help key players capture a significant market share and competitive in the dynamic luxury beauty tools market.
The rise in certified organic and natural beauty products is driving the market CAGR for beauty tools. As consumers grow into more aware of negative effects of certain chemicals, such as paraben and aluminum compounds, present in skin care, hair care, and deodorants, demand for natural and organic goods has increased in the beauty industry and personal care items globally. Many customers favor one brand over others because it uses solely natural ingredients. This has recently increased customer demand for safe, all-natural, and organic deodorant products. When making purchases, effectiveness, therapeutic advantages, and longer-lasting protection are all taken into account.
For instance, in December 2020, Google partnered with ModiFace and Perfect Corp. to launch an augmented reality platform that allows consumers to try cosmetics through the Google application.
(Source:www.retaildive.com/news/google-launches-ar-beauty-try-on-tools-in-app/592482/)
The growth of consumers' purchasing power has significantly impacted the luxury beauty tools market. Factors such as growing urbanization, an increasing number of working women, changing lifestyles, and rising alertness regarding hygiene and skincare is expected to expand the growth of premium beauty and personal care products market during the forecast period. The alertness of hygiene and personal health has led to rising manufacturing of skincare and hair care products, thus driving the requirement for personal care ingredients, which in turn is anticipated to fuel the market success.
For instance, in May 2020, According to a Global WebIndex survey, around 96% of U.S. and U.K. consumers was solely dependent on beauty influencers before the coronavirus outbreak.
The potential health hazard of certain organic compounds that are used in the luxury beauty tools market and personal care products is a major protest for the Growth of the premium beauty and personal care products market. Inorganic compounds are known for their harmful effects, such as certain heavy metals or toxic substances, and a decline in consumer trust. Brands may face the necessity of adopting alternative, safer materials to align with evolving consumer preferences for clean and sustainable beauty products. This restrains the use of new ingredients globally, thus, hindering the evolution of premium beauty and personal care products. These stringent regulations delay or avoid the launch of advanced products, Increase the prices of any unique product introduced in the market, and may lead to product recalls.
The COVID-19 pandemic affected the luxury beauty tools market significantly. The COVID-19 pandemic has had a negative impact on several industries around the world, including the luxury cosmetics industry. With consumption at a halt and inventories piling up in warehouses, business priorities have shifted to liquidation strategies and inventory management while assessing post-pandemic consumer habit changes. The industry faced challenges as lockdowns and economic uncertainties led consumers to prioritize essential purchases. This shift resulted in a temporary decline in demand for non-essential items, including luxury beauty tools. It provides a complete evaluation of additives concerned with marketplace improvement in advance of and after the COVID-19 pandemic.
We have various report editions of Luxury Beauty Tools Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The report throws light on the competitive scenario of the global Luxury Beauty Tools Market to know competition at both the domestic and global levels. Market experts have also offered the outline of every leading player in the global luxury beauty tools market, considering the key aspects such as areas of operation, production, and product portfolio.
(Source:https://ww.fashionnetwork.com/news/Yang-yang-makes-his-debut-in-dunhill-ss21-campaign,1286814.html)
Top Companies Market Share in Luxury Beauty Tools Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the accessibility of makeup tools for each and every application. The region's beauty market has experienced substantial Growth and increased awareness of skincare, with consumers seeking high-quality and innovative beauty tools and a growing emphasis on personalized beauty experiences. The increasing style statement and a strong social media influence among youths and adults have led to a booming demand for hair accessories and tools.
Asia Pacific is the fastest-growing category due to the region's rising expenditure on beauty products and customers' preferences for using branded products. Consumers have increased outlay on personal hygiene, which has led to escalated sales of shower gel, sanitizers, and hand washes. On the other side, the e-commerce trend is boosting the sales of charm and personal care products through online channels. The high adoption of advanced technology and the existence of large players in this region are likely to build abundant growth opportunities for the market.
The current report Scope analyzes Luxury Beauty Tools 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
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, Europe held the major market of more than 30% of the global revenue and will grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030, Europe accounted for the majority of global revenue, accounting for over 30% of the total due to the rising social, medical influence over the millennials and the growing interest in making a style statement. As Europe presents attractive opportunities for the consumer goods sector, the market is projected to witness considerable growth over the forecast period. The dominating segment in Europe is online and offline sales; there is a rise in the penetration of the internet, which has resulted in the expansion of the e-commerce industry across the globe. This is coupled with the wide availability of luxury cosmetics through online and offline sales. In conclusion, the offline and online sales segments are expected to expand at a significant CAGR retaining position throughout the forecast period. The global luxury beauty tools market is witnessing significant growth in the near future.
According to Cognitive Market Research, Asia Pacific held the major market of more than 23% of the global revenue and will grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030 due to the rising expenditure on beauty products and customers preferences for using branded products. Asia Pacific is increasingly valuing quality and innovation in makeup accessories, driving the market for luxury beauty tools. The dominating segment in the Asia Pacific is makeup brushes; these tools encompass a variety of makeup segments, including brushes, applicators, and skin care devices. Makeup brushes make utilization and correspondent easier, and you end up having a smoother, well-done, and more engaging look. In conclusion, as consumers in this region increasingly embrace premium beauty products, companies can capitalize on this trend by offering innovative and exclusive tools.
According to Cognitive Market Research, Latin America held the major market of more than 5% of the global revenue and will grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030 due to the region's changing lifestyle patterns, increasing beauty awareness, and a growing middle-class population have fostered demand for luxury beauty tools. The rising numbers of beauty specialty stores and e-commerce platforms have made luxury makeup more accessible to consumers in this region. The dominating segment is online sales; the convenience of digital transactions, coupled with the ability to adapt to evolving e-commerce trends, product innovation, exclusive limited additions, and social media presence, are the drivers of online sales. In conclusion, the Latin American luxury beauty tools market exhibits steady Growth, driven by beauty trends, e-commerce, and personalization. The global luxury beauty tools market is witnessing significant Growth in the near future.
According to Cognitive Market Research, Middle East and Africa held the major market of more than 2% of the global revenue and will grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030 due to, increased urbanization, increasing young population and the rising beauty consciousness. The influence of luxury beauty events and a growing trend towards premium personal care contribute to the market’s development in this area.In Africa, a rising middle class and growing beauty consciousness contribute to the market expansion. The dominating region in the Middle East and Africa, E-commerce platforms play a vital role in expanding market reach, offering consumers access to a wide range of luxury beauty tools. E-commerce is the most common factor. In conclusion, the online sales segment accounted for a noticeable share of the global luxury beauty tools market and is projected to experience momentous Growth in the near future.
According to Cognitive Market Research, North America held the major market of more than 40% of the global revenue and will grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030 due to the growing numbers of consumers opting for online shopping for cosmetics and personal care products. Furthermore, the increased desire for DIY will fuel the expansion of the makeup tools market in the area during the projected period. The dominating segment in North America includes online sales, like the convenience of purchasing these products digitally; commerce trends are crucial for brands as consumers increasingly turn to online platforms for luxury beauty tools. Grooming accessories, including upscale razors and specialty grooming kits, also thrive in the online luxury beauty tools market. In conclusion, the outlook for the beauty tools market is optimistic, with sustained growth expected in the coming years. Increasing consumer demands and advancements from key industry players are poised to drive growth and advance innovation within the market.
Global Luxury Beauty Tools Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Luxury Beauty Tools Industry growth. Luxury Beauty Tools market has been segmented with the help of its Product Type, Application , and others. Luxury Beauty Tools market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, makeup brushes have seen significant Growth, with consumers valuing quality and performance. Makeup brushes are integral to achieving flawless, airbrushed look that'll help you face your day with confidence. Investigating all the types of brushes is a daunting challenge alone. There are many reasons why quality brushes are important, such as quality brushes being better for your skin, quality brushes saving money, your makeup turning out better when you use quality brushes, etc.
Nail cutter is the fastest-growing category over the forecast period, as it is used for trimming fingernails, toenails, and hangnails. These tools provide the consumers with safe and precise nail cutting, and major players offering features such as convenient grip, miniature file, and nail catcher. Moreover, there are different types of nail clippers available in the market, like guillotine-type nail clippers, nail nippers and nail scissors. These factors are bolstering the Growth of the global nail clipper market.
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 Luxury Beauty Tools Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the offline sales channel anticipated to account for the largest proportion of global beauty tools market due to a large penetration of supermarkets and specialty stores spread over multiple locations globally, supporting offline sales channels. Moreover, the hassle-free buying options and (Buy One Get One) offers associated with seasonal sales have triggered consumers' purchase behavior from such stores. The in-store assistance freedom to choose products before purchasing have stimulated demand for offline channels.
The dynamic growth of online sales channels continues to reshape the luxury tools market dynamics. The increasing penetration of e-commerce distribution and online shopping has favored product demand. In addition to the many online luxury cosmetic products, the growing incidence of delivery services and app-based sellers that are significantly popular among consumers is driving the segment. Additionally, exchange or return policies on online platforms attract consumers towards more online purchases of luxury cosmetic products.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
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.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Luxury Beauty Tools Market is witnessing significant growth in the near future.
In 2023, the Makeup Brushes segment accounted for noticeable share of global Luxury Beauty Tools Market and is projected to experience significant growth in the near future.
The Online Sales segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies L’Oreal , Estee Lauder and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
In April 2024, On Thursday, Tira Beauty from Reliance Retail debuted its brand, Tira Tools, and ventured into the world of cosmetics. According to a statement from the firm, Tira Tools provides a well-crafted selection of beauty accessories, such as Pro Makeup Brushes, Facial Rollers, and Beauty Sponges, guaranteeing a broad selection to satisfy different beauty needs. Both online and in-store purchases of Tira Tools will be possible. According to the manufacturer, professional makeup artists and beauty enthusiasts are the target market for the Pro Artistry Kits from the Tira Tools series. Modern designs characterize the Beauty Sponges, while the Facial Rollers and Gua Sha tools are crafted from premium materials such as genuine jade and quartz. Tira Tools ensures that its goods are cruelty-free and vegan by adhering to ethical standards.
Disclaimer:
Product Type | Makeup Brushes, Nail Cutter, Pedicure Tools, Tweezers , Other |
Application | Online Sales, Offline Sales |
List of Competitors | L’Oreal, Shiseido, Estee Lauder, LVMH, E.I.f, Paris Presents, Sigma Beauty, Beauty Blender, Avon, Amore Pacific, Chanel, Watsons, Zoeva, Chikuhodo, Hakuhodo, Revlon, Zwilling/Tweezerman |
This chapter will help you gain GLOBAL Market Analysis of Luxury Beauty Tools. Further deep in this chapter, you will be able to review Global Luxury Beauty Tools Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Luxury Beauty Tools Market Trends North America Luxury Beauty Tools Technological Road Map North America Luxury Beauty Tools Market Drivers North America Luxury Beauty Tools Market Restraints North America Luxury Beauty Tools Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Luxury Beauty Tools market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Makeup Brushes have a significant impact on Luxury Beauty Tools market? |
What are the key factors affecting the Makeup Brushes and Nail Cutter of Luxury Beauty Tools Market? |
What is the CAGR/Growth Rate of Online Sales during the forecast period? |
By type, which segment accounted for largest share of the global Luxury Beauty Tools Market? |
Which region is expected to dominate the global Luxury Beauty Tools Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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