As professional skin care outlets re-open across the country, we’re looking at what the future holds for them. Lockdown restrictions are now being eased, but the question remains: How will the market’s three pillars—salons and spas, physicians, and retail (namely, e-commerce)—re-emerge? Continue reading
Most professional skin care outlets in the United States have been closed since mid-March due to the coronavirus pandemic, with no clear indication of when reopenings will occur. In fact, COVID-19 may mark a permanent closure for many of these outlets, particularly in the spa channel. For aesthetic physicians, tele–dermatology and taking out a small business loan to stay afloat will hopefully preserve businesses.
Professional beauty remains a popular hunting ground for acquisition targets, with small and mid-sized brands offering growth potential to their future owners. Both Unilever and Colgate have pursued professional skin care with this strategy in mind, with Unilever’s Dermalogica gaining ground through retail expansion and Colgate-owned EltaMD making progress in the Chinese market. Brand stewards have pursued opportunities in this space including attracting new (younger) consumers and new, advanced products. The recently published 2019 edition of our Professional Skin Care Global Series report indicates that this is still a market filled with vitality, as sales reached $8 billion at the manufacturers level globally in 2019, showing a healthy gain of 5% over the prior year.Continue reading
Taking measures to reach new skin care consumers and devotees, professional skin care marketers are pushing beyond their traditional selling environments and product offerings more than ever. From the emergence of new outlets to express services, these initiatives helped sales for these brands around the globe rise 5% to reach nearly $8 billion in 2019.Continue reading
The professional skin care market continues to witness a healthy growth of more than 7% in 2019 across key markets such as China, Europe, India, and the United States, according to our soon-to-be-published Professional Skin Care Global Series report. China continues to be the largest market; however, developing markets such as India register the strongest growth of more than 12% in 2019. This solid increase is driven by various factors including rising incomes, an emerging middle class, a growing millennial population, and increasing awareness of skin health.Continue reading
Last week, we had the pleasure of attending one of the biggest European trade shows for professional beauty in Germany – Beauty Forum Munich. We observed three major trends that contribute to the development of the professional skin care market in Germany.Continue reading
Wella and its sister brands are on the block again after Coty’s recent announcement regarding its plans to sell its professional beauty division. Ranking #2 in the global professional hair care market, according to Kline’s Salon Hair Care Global Series, makes Coty an attractive business to potential buyers. Drawing on 60 years of knowledge in the beauty industry, Kline analyzes some of its staple brands in the professional hair care segment as well as the potential new owners of them.Continue reading
Last Friday, Nordstrom expanded its footprint in the Big Apple, debuting a flagship location with emphasis on products from emerging designers and exclusive, limited-time collaborations. The seven-level store, located at 57th& Broadway, is the retailer’s latest effort to offer a thoughtfully curated assortment of products spanning apparel, shoes, and beauty. The space is immersed in botanical décor and touch-screen kiosks to help shoppers navigate between floors, creating a museum-like experience.
While the new store features a retro sneaker boutique in partnership with Nike, several restaurants, and a stylist lounge, it is clear that the retailer is betting big on beauty, despite stalled growth of these products through department stores in recent years, as indicated in Kline’s Cosmetics & Toiletries USA report.Continue reading
While skin care continues to steadily grow, there is a segment known as therapeutic skin care that has performed particularly well in 2018 and is expected to have another unprecedented year of growth in 2019. Therapeutic and dermatologist-recommended products not only include facial care but also hand and body products for skin care issues like eczema; they also include sun care. According to our Cosmetics and Toiletries USA report, this segment includes brands such as Eucerin, CeraVe, Cetaphil, and Neutrogena, to name a few. Combined, these brands exhibited growth of 7.1% in 2018 and total nearly $3 billion at the retail level.Continue reading
With the continuous shift in consumer preferences, marketers and retailers are challenged to stay relevant in the beauty and personal care space. In recent years, an exciting development has been making inroads across all beauty channels: private-label beauty.
The private-label beauty segment has been advancing rapidly, as an increasing number of retailers such as QVC, Saks Off 5th, and Dollar General have entered this lucrative space. According to our recently published Cosmetics & Toiletries USA report, in 2018, private label climbs to the top 10 position in the beauty market in terms of annual sales, competing with giants such as Procter & Gamble and Johnson & Johnson. Moreover, these products advance almost 10% in 2018.Continue reading