Industry Analysis & Industry Trends
Over the five years to 2014, product innovation has driven revenue for the Beauty, Cosmetics and Fragrance Stores industry. An increase in youth-targeted cosmetics, the expansion of male-specific products and the reformulation of antiaging staples have given specialty beauty stores a new array of items to offer customers. In the coming years, as consumers regain purchasing power, industry revenue will similarly trend upward... purchase to read more
Industry Report - Industry Products Chapter
Beauty stores sell a wide variety of products, from makeup to sun care. Their largest segments include skin care, cosmetics and hair care products. Over the past five years, the success of sun care items has grown notable amounts due to research that has tied sun exposure to heightened health risks.
Skin care products
Skin care, which includes lotions and face creams, accounts for the largest share of revenue at an estimated 27.0%. Many of these items are considered less discretionary than cosmetics and fragrances, which has allowed this market segment to grow even during times of weak consumer spending, as was the case in 2009. In fact, IBISWorld expects that skin care product sales will help boost overall industry revenue through 2014... purchase to read more