Concerning the three selected segments, the segment Prestige Skin Care has the largest revenue with 27.89 billion U.S. dollars. Contrastingly, Prestige Fragrances is ranked last, with 16.92 billion U.S. dollars. Their difference, compared to Prestige Skin Care, lies at 10.97 billion U.S. dollars.
Data provided by Statista Market Insights are estimates.
Prestige Cosmetics and 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 Outlook’s Cosmetics and Personal Care 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.
The shown market data are based on an analysis of more than 100 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. (January 26, 2024). Revenue of the prestige cosmetics & fragrances industry worldwide in 2023, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 15, 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. January 26, 2024. Statista. Accessed July 15, 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: July 15, 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., 26 Jan 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 July 15, 2024)
Revenue of the prestige cosmetics & fragrances industry worldwide in 2023, by segment (in billion U.S. dollars) [Graph], Statista, January 26, 2024. [Online]. Available: https://www.statista.com/forecasts/1428753/revenue-prestige-cosmetics-fragrances-market-by-segments-worldwide