Breaking News

Consumer Confidence is on the Rise

December 19, 2013

New data shows beauty industry will see gains in the next year.

The economic recovery will be the most powerful driver for the beauty, cosmetics and fragrance stores industry, according to recent data from IBISWorld. According to the research firm, major players such as L Brands, Sally Beauty Supply, Ulta and Sephora are fueling the marketplace.
 
IBISWorld forecasts that consumer confidence will continue growing, prompting consumers to spend more money on discretionary goods, such as cosmetics. Consequently, from 2013 to 2018, industry revenue is forecast to grow at an average annual rate of 5.2% to $16.8 billion. Also, the number of store locations is expected to rise at an annualized rate of 4.3%, reaching 126,534 stores in 2018.
 
IBISWorld projects that the top four companies will maintain their position in the market and account for an even larger portion of the industry by 2018 (compared to the 70.0% in 2013). Smaller players and potential entrants will have a hard time establishing themselves in this environment.
 
More info: www.ibisworld.com
 
blog comments powered by Disqus
  • Kitchen Counter Cosmetics

    Kitchen Counter Cosmetics

    Christine Esposito, Associate Editor||May 2, 2016
    LOLI box marks the convergence of natural and organic ingredients, subscription service and DIY cosmetic chemistry.

  • What’s New at La Prairie?

    What’s New at La Prairie?

    Melissa Meisel, Associate Editor||April 25, 2016
    VP of marketing shares the latest buzz with Happi.

  • Mapping Out Multicultural Beauty

    Mapping Out Multicultural Beauty

    April 25, 2016
    Agnieszka Saintemarie of Kline Group about current trends and challenges in multicultural beauty.

  • Erasing the Signs of Aging

    Pauline Rouaud-Tinguely, David Boudier, Sylvain Mazalrey, Jenny Laumonier, Isabelle Cruz, Gu00e9raldine Bon, Karine Perrinet, Bu00e9ranger Tassy, Brigitte Closs, Silab R&D, Saint-Viance, France||May 2, 2016
    Silab researchers explain how by acting on the endogenous hyaluronic acid pathway.

  • I Want It All

    I Want It All

    Melissa Meisel , Associate Editor||May 2, 2016
    Skin care moves beyond the basics with pampering formulations with unique components and novel functions.

  • Wacker Builds on Its Success

    Wacker Builds on Its Success

    Tom Branna, Editorial Director ||May 2, 2016
    The silicone maker had a good 2015 and expects the gains to continue in 2016, driven, in part, by success in the Americas and