U.S. Prestige Beauty Sales Totaled $18 Billion Last Year

U.S. makeup sales may be sliding, but skin care is showing promise. The U.S. prestige beauty market drove $18.8 billion in sales in 2019, according to a new report from The NPD Group. Makeup remains prestige beauty’s largest category, driving $7.6 billion in sales, followed by skin care, which totaled $5.9 billion in 2019. Overall, prestige beauty sales remained flat over 2018. Makeup sales declined by 7 percent, while skin care grew by 5 percent and fragrance was up by 2 percent. Hair experienced the most growth, up 16 percent. The decline in makeup sales stems from a general decline in makeup usage, said NPD, though vice president and beauty industry adviser Larissa Jensen predicts the category will pick up within the next couple of years. “‘Natural’ is a big buzz word in many industries, especially beauty — in terms of product ingredients as well as consumers looking to achieve a more natural look. How makeup responds to this movement will be key to its revival,” said Jensen in a statement. “Historically, NPD data has detected a shift between makeup and skin care every four to five years. Based on this, and the slowdown in makeup that began to take hold in 2017, I

Follow WWD on Twitter or become a fan on Facebook.

from WWDWWD https://ift.tt/395sdNY
via