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Asia-Pacific Cosmetics Market is Expected to Reach $126.8 Billion, by 2020

Presently, consumers in the region prefer to buy cosmetics from retail stores be it a supermarket, multi-brand or standalone store. In contrast to retail stores being the prominent sales channels for cosmetics in the Asia Pacific region, the online platform is gaining significant ground. The online sales platforms would go on to register a rapid CAGR of 10.3% over the forecast period.

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Asia-Pacific Cosmetics Market is Expected to Reach $126.8 Billion, by 2020

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  1. Asia-Pacific Cosmetics Market Opportunities and Forecasts, 2014 - 2022

  2. Asia-Pacific Cosmetic Market (Future and Growth) • Future and Growth of the Market • The market is expected to garner $126.8 billion by 2020 • Registering a CAGR of 4.02% during the period 2015 – 2020 • Japan held 2/7th share of cosmetics market in 2014 • The skin and sun care product segment accounted for 3/7th share in the Asia Pacific cosmetics market in 2014 • The category of skin and sun care products hold the largest revenue share in cosmetics supplemented by a high demand by both men and women. 

  3. Asia-Pacific Market (Factors Contributing to Market Growth) • Factors Contributing to Market Growth • An increase in the adoption of cosmetic products among men is observed to be a rising trend  • Supermarkets and departmental stores are the preferred sales channels for the cosmetics market in the region • Growing consciousness towards maintaining one's personal appearance • Considerable increase in disposable incomes

  4. Asia-Pacific Cosmetic Market : Key Factors • Key Factors of the Market • Japan is the highest revenue generating region for cosmetics in the Asia Pacific region, estimated to register a CAGR of 2.7% during 2015-2020 • Men is the fastest growing user segment of cosmetics registering a CAGR of 9.2% during the forecast period • The use of natural content in cosmetic products has revolutionized the market • The online medium would emerge as a prominent platform for the purchase of cosmetics over the forecast period (2015-2020)

  5. Asia-Pacific Cosmetic Market Segmentation The market is segmented based on typesof Category, Mode of Sale and Gender

  6. Asia-Pacific Cosmetic Market Segmentation • Geographically, the market is segmented by • China holds the largest market share in skin care and sun care category of cosmetics • An increase in the adoption of cosmetic products among men is observed to be a rising trend in countries such as China, India and Japan • The other countries generating market revenue are South Korea, Singapore, Thailand and Rest of Asia-Pacific

  7. Asia–Pacific Cosmetics Market: Key Players • Key Players • L'oreal • Avon Products Incorporation • Procter & Gamble Corporation • Unilever • Oriflame • Revlon Incorporation • Kao Corporation • Estee Lauder Companies, Incorporation • Biotique • Shiseido Company, Limited

  8. Summary Presently, consumers in the region prefer to buy cosmetics from retail stores be it a supermarket, multi-brand or standalone store. In contrast to retail stores being the prominent sales channels for cosmetics in the Asia Pacific region, the online platform is gaining significant ground. The online sales platforms would go on to register a rapid CAGR of 10.3% over the forecast period. For more information on Asia-Pacific Cosmetic Market visit: https://www.alliedmarketresearch.com/asia-pacific-cosmetics-market Follow us on

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