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Premium Beauty Continues Growth with Boost from Asia-Pacific
Posted: May 31, 2013
Euromonitor International has released a datagraphic on the beauty and personal care industry focusing on “Premium Beauty Dynamics.”
According to the market research company, “Premium beauty sustained its growth levels in 2012, aided by the strong performance of premium skin care, which outshone all other categories. In 41 out of 80 markets, premium sales grew faster than mass. China in particular is seeing strong growth, with premium beauty adding a further $4.5 billion by 2017, resulting in sales of premium cosmetics in Asia Pacific to exceed any other region. This could benefit the leading premium beauty companies, which all have a foothold in this region.” The graphic indicates the Asia Pacific region overall will likely contribute $6 billion to the premium beauty market by 2017.