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The skin care sector is showing positive growth, in the shadow of continued economic weakness, according to research from Canadean. A value CAGR of 3% places skin care in third place out of the top five health and beauty sectors in the Netherlands for 2012 to 2017. Volume will grow at a slightly higher CAGR of 3.4%.
Facial care was the single largest category in the sector, with a 67.8% share for both value and volume in 2012. In value terms however this category is not forecast to see prominent expansion to 2017. It is expected to have a value CAGR of 3%.
And although hand care accounts for much lower value and volume shares of the overall sector, it is forecast to see the highest increase in (CAGR) for both value (3.3%) and volume (3.9%) to 2017. This comes despite hand care accounting for much lower value and volume shares of the skin care Sector. The smallest category, depilatories, is forecast to see the second best CAGR rates for value and volume, at 3.0% and 3.7% respectively.