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
The U.S. professional skin care market performed at its best in 2017, posting a strong growth of over 6%. Findings from our recently published U.S. volume for our Professional Skin Care Global Series reveal several reasons behind this solid growth, and some of the noteworthy developments are discussed below.
- Two key channels continue to dominate
The medical care providers channel is the largest channel of distribution and continues to gain market share. The number of physicians providing skin care treatments and dispensing products is increasing quickly, creating a favorable environment for beauty marketers. Continue reading
The professional skin care market in Europe enjoys another year of dynamic growth, according to Kline’s soon-to-be-published Professional Skin Care Global Series report. Key countries for the region, such as France, the United Kingdom, and Germany, account for over 50% of the total European sales in 2017. The region is dominated by local companies, such as Clarins, Babor, and Dermalogica, respectively.
Beauty institutes and spas continue to be the largest channel, accounting for the majority of the market share. However, growth through this channel is slowing down due to the growing popularity of the retail channel, especially the Internet, as more consumers are making replenishment purchases through the Internet to refill their product supply rather than visiting aestheticians. Some large brands, such as Dermalogica, have also increased their focus on the retail channel in 2016 and 2017. Continue reading
The International Spa Association (ISPA) held its annual conference on October 19-21 at the Mandalay Bay in Las Vegas. Professionals from all spa industry sectors gathered to connect with each other, gain insight and inspiration, as well as to celebrate the industry’s continued growth. Over 220 companies offering the latest spa products and services available on the market were present while the theme for this year’s conference was ”explore,” with many seminars focusing around the idea.Continue reading