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
  • Long Term Sustainability In the Nonwovens Market

    Long Term Sustainability In the Nonwovens Market

    August 23, 2016
    Learn more at Cleaning Products USA, Nov. 9-11, 2016

  • Fro Yo!

    Fro Yo!

    Tom Branna, Editorial Director||August 22, 2016
    Project Beauty dishes out Hairgurt, a line of vitamin-rich hair shampoos and conditioning masques.

  • TLC for Those Who Need It Most

    TLC for Those Who Need It Most

    Christine Esposito, Associate Editor||August 22, 2016
    New curriculum debuting at Bellus Academy helps estheticians treat a population that needs TLC.