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    Breaking News

    Where's The Growth in Prestige Beauty?

    As overall sales rise 2% in Q2, NPD drills down into the category data.

    Where
    Treatments, like this Clinique blackhead product, are rising.
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    08.07.19
    In the second quarter of 2019, sales of US prestige beauty products were $4.3 billion, a 2% increase over Q2 2018, according to NPD Group’s just-released data.

    “Total beauty performance in the second quarter was positive across most categories, with hair and skincare posting the strongest gains. Fragrance, while positive, slowed its growth from earlier this year. Makeup was the only outlier, continuing to post declines that began during the first quarter of 2019,” said Larissa Jensen, beauty industry analyst, The NPD Group. “With this continued decline in makeup, and softening performance in fragrance, it is becoming increasingly important to identify trends leading to areas of growth in the beauty industry.” 

    According to NPD, makeup dollar sales were $1.79 billion, down 4%. Fragrance finished at $834 million (up 2%). Skin care sales rose to $1.4 billion and hair care boomed 21% to $217 million.

    As a category, skin care is still experiencing strong growth, up 7%, according to NPD, which noted that the facial masks category is showing signed of maturity with a decline sales. Consumer interest in masks may be waning due to the number of skincare brands delivering advanced technology in core products and a potential desire to simplify their routines. NPD did note that targeted treatments comprise many of the fastest growth segments in skincare, with growth in brighteners, acne treatments, and exfoliators all up over 15% percent.
     
    The prestige hair care market continues to grow in the double-digits driven by explosive growth happening in specialized treatment and color products, both up double-digits in dollars, noted NPD. It appears that consumers are more interested in the overall care and health of their hair versus spending on style aids.Other prestige haircare products such as bond-builders and leave-in treatments are up 41% year-over-year.  
     
    “We anticipate the second half of 2019 to experience growth across most categories, yet the makeup category will likely continue to struggle through the end of the year. As category performances ebb and flow, brands should consider that reacting to changes quickly will make their path to success easier,” added Jensen. 
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