There are provided an image processing method and apparatus which can reduce the storage capacity required to form low-frequency components having a plurality of resolutions and can suppress any degradation in image quality which is caused by a positional error between image data obtained as a result of image processing. The first luminance component of low resolution is extracted from image data, thereby further extracting the first low-frequency component. The image data is input at the second resolution, the second luminance component is extracted from the image data at the second resolution, and the second low-frequency component is extracted, thereby further extracting the second low-frequency component. Image processing is performed for the image data at the second resolution using the first low-frequency component and second low-frequency component.