03.07.18
Prestige Beauty and Skincare have alternated in their category-leading positions in recent years, but Skincare now has the No. 1 slot, according to global information company The NPD Group. Skincare sales grew by 9%, reaching $5.6 billion and contributing 45% of the industry’s total gains; makeup followed with a 6% sales increase, and reached $8.1 billion. Fragrance closed the year up 4%, at $4 billion.
In total, the U.S. prestige beauty industry reached $17.7 billion in 2017, a 6% increase over 2016.
“Change was the theme of the beauty industry in 2017, from the shifts in trends and category performance, to the wave of mergers and acquisitions which show no signs of abating in the near future,” said Larissa Jensen, executive director and beauty industry analyst at The NPD Group—and a member of Beauty Packaging’s Board of Advisors. She added, “The industry has not only adapted to this change, but has continued to achieve strong and consistent growth, as it has seen for the last few years. We can expect change to continue to be the catalyst of growth for the industry in 2018.”
In total, the U.S. prestige beauty industry reached $17.7 billion in 2017, a 6% increase over 2016.
“Change was the theme of the beauty industry in 2017, from the shifts in trends and category performance, to the wave of mergers and acquisitions which show no signs of abating in the near future,” said Larissa Jensen, executive director and beauty industry analyst at The NPD Group—and a member of Beauty Packaging’s Board of Advisors. She added, “The industry has not only adapted to this change, but has continued to achieve strong and consistent growth, as it has seen for the last few years. We can expect change to continue to be the catalyst of growth for the industry in 2018.”
