Breaking News

Anti-Aging Product Sales Soar

November 15, 2005

The anti-aging product market rose 13% in 2003, more than double the previous two years’ 4-5% growth rate, according to NPD Group, Port Washington, NY.
The firm’s research shows that products costing more than $70 made up 14% of total skin care sales last year, up from 5% in 2002. Furthermore, skin care products priced at $100 and up represented as much as 26% of the $70-and-up category compared to 21% the previous year, NPD executives said.
In other news, NPD reported that prestige beauty sales including skin care, fragrance and makeup products sold in U.S. department stores, hit $7.5 billion in 2003, a 2% increase versus the prior year.
“Some of this growth is due to larger-size products on department store beauty counters and more gift sets selling, which carry a higher price,” said Timra Carson, president, NPD beauty, a division of The NPD Group. “We are also seeing better quality products with advanced technologies driving prices. Value, convenience, innovation, new launches and technology continue to drive the beauty business across all channels of distribution.”
blog comments powered by Disqus
  • A Facial Bar Grows in Brooklyn

    A Facial Bar Grows in Brooklyn

    Christine Esposito, Associate Editor||October 24, 2016
    With three doors in Canada, Blitz Facial Bar opens its first US location in one of the hippest areas of New York.

  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market