The U.S. prestige beauty industry reached $11.2 billion and grew 3% in dollar sales in 2014, compared with 2013, according to global information company the NPD Group, with makeup experiencing the healthiest gain, 6%, while fragrance dollars grew 2% and skincare increased by 1%.
Most fine fragrance users also use some type of a scented body product, according to new research by global information company the NPD Group, representing significant opportunities for the fragrance industry.
Men’s fragrance juice sales at prestige drove positive dollar performance for the overall fragrance category in the United States and United Kingdom between November 2012 and October 2013, according to research by The NPD Group.
The Generation Y group is beginning to take notice and fight the signs of aging, according to the NPD Group, a provider of information and advisory services. According to NPD’s latest Women’s Skincare In-Depth Consumer Report, 39% of women ages 25 years to 34 years say anti-aging is an important benefit they look for in facial skin care products.
The global prestige beauty market experienced mixed results in the first half of 2013 but the U.S. prestige beauty market posted an 8% gain during the first six months of the year, according to the NPD Group.
The NPD Group, which tracks prestige beauty, has reported that sales of makeup and skin care with SPF reached $1.1 billion in U.S. prestige department stores from June 2012 to May 2013, a 24% increase from three years ago.
The NPD Group has expanded its coverage of the U.S. prestige beauty market through its new BeautyTrends Direct service, which tracks direct-to-consumer sales of fragrance, makeup and skin care products sold on department store websites, in key online-only beauty retailers and through TV/home-shopping retailers.
The prestige beauty gift set industry posted double-digit growth year-to-date and looks to be quite promising this holiday, especially makeup and skin care gift sets, according to market research company the NPD Group.
Market research company the NPD Group has announced that the prestige fragrance industry showed solid sales of $1.6 billion in U.S. department stores — up 7% year-to-date (January to September 2012) — with men’s fragrance sales growing slightly faster than women’s.