04.11.17
Euromonitor International has done all the digging and come up with some key insights on the 2016 global beauty business. Here are some nuggets to consider:
• Premium beauty and personal care outperforms mass segment for the second consecutive year, growing at nearly 6%
• Color cosmetics posted a stellar performance in 2016 with 7.2% growth, driven by the premium segment
• Skin care slowed marginally to under 5%
• North America dominates premium beauty and personal care prospects per capita spend
• Premiumization is driving standards across all levels in the beauty industry, from the low-end mass segment to the prestige level.
• Premium beauty and personal care outperforms mass segment for the second consecutive year, growing at nearly 6%
• Color cosmetics posted a stellar performance in 2016 with 7.2% growth, driven by the premium segment
• Skin care slowed marginally to under 5%
• North America dominates premium beauty and personal care prospects per capita spend
• Premiumization is driving standards across all levels in the beauty industry, from the low-end mass segment to the prestige level.