Luxury Skincare Market Report 2026

The luxury skincare market size has grown strongly in recent years. It will grow from $26.05 billion in 2025 to $28.02 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to rising premium beauty spending, increasing skincare awareness, early adoption of luxury cosmetic brands, growing facial care importance, rising disposable income.

The luxury skincare market size is expected to see strong growth in the next few years. It will grow to $37.46 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to growing demand for anti aging solutions, increasing luxury personal care preference, rising premium skincare investments, expansion of luxury retail channels, growing focus on youthful appearance maintenance. Major trends in the forecast period include increasing demand for premium anti aging skincare, rising preference for high end beauty and skin treatment products, growing focus on advanced skin nourishment and rejuvenation, expansion of luxury beauty consumption among affluent consumers, strengthening inclination toward premium self care experiences.

The increasing use of cosmetics is expected to propel the growth of the luxury skincare market. Cosmetics refer to a diverse range of products applied to the body, face, hair, or nails to enhance or alter appearance. Cosmetics integrate and commonly use luxury skincare to offer high-end formulations enriched with premium ingredients, advanced technologies, and specialized benefits, providing consumers with a pampering and effective skincare experience that aligns with the pursuit of indulgence, quality, and superior results in beauty routines. For instance, in September 2023, according to the American Society of Plastic Surgeons (ASPS), a US-based plastic surgery specialty organization, there were 4,715,716 cosmetic procedures performed using botulinum toxin type A (including Botox, Dysport, and Xeomin) in 2023, reflecting a 6% increase from the previous year. Dermal fillers also saw significant use, with 3,441,534 procedures performed, up 4% from 2022. Therefore, the increasing use of cosmetics is driving the growth of the luxury skincare market.

Major companies operating in the luxury skincare market are focusing on advances in innovation and technology for luxury skincare, such as AI Skin Advisor to increase their profitability in the market. AI Skin Advisor provides a personalized skincare routine to customers by analyzing their skin. For instance, in January 2023, Bulldog Skincare Limited, a US-based manufacturer of skincare products, launched the new AI Skin Advisor. This innovative AI tool enables male users to increase their virtual engagement in skin analysis, which provides personalized skincare tips in less than a minute. The tool streamlines the process of selecting the best skincare products in order to make the skincare journey more enjoyable and approachable for men. The Bulldog UK website offers it for purchase, and it was created in collaboration with Revieve, a producer of digital brand experiences and self-diagnostic tools.

In August 2023, L'Oréal S.A., a France-based personal care company, acquired Aesop Pty Ltd. for an undisclosed amount. With this acquisition, Loreal looks forward to expanding its footprint in China by offering a wide range of luxury skincare products and aims to increase its presence in China's natural beauty and high-end product space in the upcoming years, as Aesop has a presence in approximately 400 Chinese stores. Aesop Pty Ltd. is an Australia-based luxury skincare product manufacturing company.

Major companies operating in the luxury skincare market report are Johnson & Johnson Services Inc., Christian Dior SE, LVMH Moët Hennessy Louis Vuitton SE, Procter & Gamble Company, Unilever plc, L'Oréal S.A., Henkel AG & Co. KGaA, Colgate-Palmolive Company, The Estée Lauder Companies Inc., Chanel S.A., Kao Corporation, Shiseido Co. Ltd., Coty Inc., Valmont Group, Amorepacific Corporation, Mary Kay Inc., Avon Products Inc., Kose Corporation, Revlon Inc., Beiersdorf AG, Sisley S.A., Guerlain S.A., Augustinus Bader GmbH & Co. KG, Lancôme Paris, Tatcha LLC, Tata Harper Skincare, Natura Bissé International S.A., Natura & Co., Sunday Riley Modern Skincare LLC.

North America was the largest region in the luxury skincare market in 2025. The regions covered in the luxury skincare market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the luxury skincare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The luxury skincare market consists of sales of products such as anti-aging products, moisturizers, makeup removers, night creams, and serums. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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