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Asia-Pacific Cosmetics Market Report and Forecast 2025-2034

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    Report

  • 135 Pages
  • February 2025
  • Region: Asia Pacific
  • Expert Market Research
  • ID: 6057405
According to this report, the Asia-Pacific cosmetics market size reached a value of nearly USD 97.2 billion in 2024. Aided by the evolving beauty trends and increasing consumer awareness of personal grooming, the market is projected to grow at a CAGR of 5.0% between 2025 and 2034 to reach a value of around USD 159.2 billion by 2034.

The cosmetics market in the Asia-Pacific region encompasses a broad range of products, including skincare, haircare, makeup, fragrances, and personal hygiene items. The region’s dynamic consumer base, characterised by diverse cultural preferences and a strong inclination toward beauty enhancement, plays a pivotal role in shaping the market landscape.

The Asia-Pacific cosmetics market growth is primarily driven by the region's rapidly increasing urban population and rising disposable incomes. As more consumers gain access to higher purchasing power, there is a growing demand for premium cosmetic products, especially in urban centres across countries like China, India, Japan, and South Korea.

Additionally, the influence of social media and the growing penetration of e-commerce platforms are favourably shaping the Asia-Pacific cosmetics market dynamics. Platforms like Instagram and YouTube have enabled beauty influencers to popularise makeup tutorials and skincare routines, creating heightened interest in various cosmetic products. This trend has encouraged both domestic and international brands to introduce innovative, high-quality products to cater to consumer demands.

Skincare remains the dominant segment of the Asia-Pacific cosmetics market share. Consumers are increasingly focusing on achieving healthy, youthful skin, leading to a surge in demand for products such as serums, moisturisers, sunscreens, and anti-ageing solutions. Additionally, the region’s climatic diversity has contributed to the demand for region-specific skincare solutions, tailored to address issues like sun damage, pollution, and humidity.

The growing awareness of sustainable and organic skincare products is also a significant factor boosting the Asia-Pacific cosmetics market revenue. Brands are capitalising on this trend by launching eco-friendly and clean beauty products, resonating with environmentally conscious consumers.

The makeup segment is witnessing robust growth in the Asia-Pacific region, driven by an increasing number of younger consumers embracing makeup as part of their daily routines. Products such as foundations, lipsticks, and eye cosmetics are particularly popular, with innovative formulations, vibrant shades, and long-lasting effects being key selling points.

As per the Asia-Pacific cosmetics market analysis, South Korea, in particular, continues to lead in makeup trends, with K-beauty products gaining widespread recognition across the region and beyond. The incorporation of skincare benefits into makeup products, such as BB creams and cushion foundations, has further strengthened the segment’s appeal.

Men's grooming has emerged as a lucrative sub-sector within the Asia-Pacific cosmetics market. With changing perceptions of masculinity and increasing acceptance of personal care among men, products like beard oils, face cleansers, and specialised haircare solutions are gaining traction. This trend is supported by targeted marketing campaigns and dedicated product lines by leading brands driving the growth of Asia-Pacific cosmetics market.

The proliferation of e-commerce has significantly transformed market. Online platforms offer consumers convenience, a wide variety of products, and personalised recommendations, driving online sales. Furthermore, the rise of direct-to-consumer (DTC) brands has created new opportunities for smaller, niche players to reach their target audiences effectively. This is contributing to the Asia-Pacific cosmetics market development.

While the market is witnessing substantial growth, challenges such as counterfeit products and regulatory barriers pose hurdles for companies operating in the region. However, these challenges also present opportunities for brands to differentiate themselves through quality assurance and compliance with international standards.

The Asia-Pacific cosmetics market value is poised for remarkable growth, driven by a combination of rising consumer demand, technological advancements, and innovative product offerings. Skincare and makeup are expected to dominate the market, while the rise of men's grooming and sustainable products creates new growth avenues. With the continuous evolution of consumer preferences and the integration of digital channels, the market is set to thrive, contributing significantly to the global beauty and personal care industry.

Market Segmentation

The market can be divided based on product, gender, price range, distribution channel, and country.

Market Breakup by Product

  • Hair Care
  • Skin and Sun Care
  • Makeup and Colour Cosmetics
  • Fragrances and Deodorants
  • Others

Market Breakup by Gender

  • Male
  • Female
  • Unisex

Market Breakup by Price Range

  • Mass
  • Premium

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia-Pacific cosmetics market. Some of the major players explored in the report are as follows:
  • L’oreal S.A.
  • The Estée Lauder Companies Inc.
  • Procter & Gamble Co.
  • Beiersdorf AG
  • Groupe Clarins
  • Unilever Plc
  • Kao Corp.
  • Shiseido Co. Ltd.
  • Revlon Inc.
  • Natura & Co.
  • Others

Table of Contents

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Cosmetics Market Overview
5.1 Key Industry Highlights
5.2 Global Cosmetics Historical Market (2018-2024)
5.3 Global Cosmetics Market Forecast (2025-2034)
5.4 Global Cosmetics Market Share by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 Asia-Pacific Cosmetics Market Overview
6.1 Key Industry Highlights
6.2 Asia-Pacific Cosmetics Historical Market (2018-2024)
6.3 Asia-Pacific Cosmetics Market Forecast (2025-2034)
7 Asia-Pacific Cosmetics Market by Product
7.1 Hair Care
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Skin and Sun Care
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Makeup and Colour Cosmetics
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Fragrances and Deodorants
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
8 Asia-Pacific Cosmetics Market by Gender
8.1 Male
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Female
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Unisex
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
9 Asia-Pacific Cosmetics Market by Price Range
9.1 Mass
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Premium
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 Asia-Pacific Cosmetics Market by Distribution Channel
10.1 Supermarkets and Hypermarkets
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Convenience Stores
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Specialty Stores
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Online
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Others
11 Asia-Pacific Cosmetics Market by Country
11.1 China
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Japan
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 India
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 ASEAN
11.4.1 Historical Trend (2018-2024)
11.4.2 Forecast Trend (2025-2034)
11.5 Australia
11.5.1 Historical Trend (2018-2024)
11.5.2 Forecast Trend (2025-2034)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Value Chain Analysis
14 Trade Data Analysis (HS Code - 334)
14.1 Major Exporting Countries
14.1.1 By Value
14.1.2 By Volume
14.2 Major Importing Countries
14.2.1 By Value
14.2.2 By Volume
15 Competitive Landscape
15.1 Supplier Selection
15.2 Key Global Players
15.3 Key Regional Players
15.4 Key Player Strategies
15.5 Company Profiles
15.5.1 L’oreal S.A.
15.5.1.1 Company Overview
15.5.1.2 Product Portfolio
15.5.1.3 Demographic Reach and Achievements
15.5.1.4 Certifications
15.5.2 The Estée Lauder Companies Inc.
15.5.2.1 Company Overview
15.5.2.2 Product Portfolio
15.5.2.3 Demographic Reach and Achievements
15.5.2.4 Certifications
15.5.3 Procter & Gamble Co.
15.5.3.1 Company Overview
15.5.3.2 Product Portfolio
15.5.3.3 Demographic Reach and Achievements
15.5.3.4 Certifications
15.5.4 Beiersdorf AG
15.5.4.1 Company Overview
15.5.4.2 Product Portfolio
15.5.4.3 Demographic Reach and Achievements
15.5.4.4 Certifications
15.5.5 Groupe Clarins
15.5.5.1 Company Overview
15.5.5.2 Product Portfolio
15.5.5.3 Demographic Reach and Achievements
15.5.5.4 Certifications
15.5.6 Unilever Plc
15.5.6.1 Company Overview
15.5.6.2 Product Portfolio
15.5.6.3 Demographic Reach and Achievements
15.5.6.4 Certifications
15.5.7 Kao Corp.
15.5.7.1 Company Overview
15.5.7.2 Product Portfolio
15.5.7.3 Demographic Reach and Achievements
15.5.7.4 Certifications
15.5.8 Shiseido Co. Ltd.
15.5.8.1 Company Overview
15.5.8.2 Product Portfolio
15.5.8.3 Demographic Reach and Achievements
15.5.8.4 Certifications
15.5.9 Revlon Inc.
15.5.9.1 Company Overview
15.5.9.2 Product Portfolio
15.5.9.3 Demographic Reach and Achievements
15.5.9.4 Certifications
15.5.10 Natura & Co.
15.5.10.1 Company Overview
15.5.10.2 Product Portfolio
15.5.10.3 Demographic Reach and Achievements
15.5.10.4 Certifications
15.5.11 Others

Companies Mentioned

  • L’oreal S.A.
  • The Estée Lauder Companies Inc.
  • Procter & Gamble Co.
  • Beiersdorf AG
  • Groupe Clarins
  • Unilever Plc
  • Kao Corp.
  • Shiseido Co. Ltd.
  • Revlon Inc.
  • Natura & Co.

Methodology

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