Breaking News

Ten Years Later, Beauty Is Thriving, Says NPD

October 3, 2007

Since 1997, beauty sales in U.S. department stores have grown nearly 33% and the industry has added over 1,000 brands, that’s according to the NPD Group, which is marking its 10th anniversary with a special report on the past 10 years in the beauty industry. While more young people are purchasing beauty products, Baby Boomers are also influencing the marketplace. Men are into grooming products more than ever, and the marketplace is more ethnically diverse. Designers and celebrities have made a major impact on the fragrance market, generating more than $200 million in sales between 2003 and 2005.

To illustrate how the market has changed in the past decade, NPD has compared data from the past decade. For example, in 1997 beauty sales in U.S. department stores totaled $6.2 billion; today, beauty sales in U.S. department stores total $8.2 billion. Then, celebrity fragrances represented approximately 2% of the total prestige fragrance market; today, they represent 7% of the total prestige fragrance market.

Cosmeceutials have also grown. Then, cosmeceutical brands were virtually unknown at 1% while today, cosmeceutical brands are approximately 11% of prestige skin care sales. More info: www.npd.com.
blog comments powered by Disqus
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.