Breaking down full-year 2022 U.S. prestige beauty sales, NPD's Larissa Jensen noted, “Looking at the industry holistically, inclusive of the prestige and mass markets, the future outlook for overall beauty is a positive one. In an industry steeped in emotion, consumers have demonstrated they are willing to continue to spend on beauty products. Beauty brings joy, which is a universal aspiration and will drive our industry’s resiliency in 2023.”
In our recent survey which asked, do you foresee the global beauty market growing in 2023? 96% of readers said yes and 4% said no.
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We'll reveal the answers in next week's Global Cosmetic Industry newsletter.