Still an air of caution over professional skin care despite 2nd year of market growth

- Last updated on GMT

Related tags: Professional skin care, Retailing

The professional skin care products market experienced a second year of growth, posting a 5.3 per cent increase in 2011, however Kline has suggested the industry should remain cautious.

While the overall tendency suggests a continued recovery of the market following the onset of the recession, subtle trends behind the figures paint a more undecided picture, according to the market analyst.

Close to pre-recession levels

In Europe sales grew 4.0 per cent, closing in on pre-recession peak levels, however consumers continue to spend cautiously on post-treatment purchases and are highly value-conscious, which is taking its toll on the market.

Sales through beauty institutes and salons, the largest purchase channel in Europe representing almost 60 per cent of the market, increased by 3.7 per cent in 2011.

The European market is highly fragmented with leading brands, Guinot, followed by Clarins, enjoying strong growth.

Across the pond, the US market is relatively consolidated, with the top five brands accounting for a 38 per cent market share.

APAC going strong

It is in Asia-Pacific though, where the market has seen a boom, as China and South Korea posted stellar growth of 9.3 per cent and 9.5 per cent, respectively, within the professional sector.

As a result of a regulatory change in South Korea, which drove investment in beauty institutes and greater consumer spending, the market, penetrated by domestic brands, recovered rapidly from the recession.

Kline’s industry manager, Karen Doskow, stressed the importance of the internet and home shopping channels in sales figures, particularly in South Korea, which she says is comparable to the US.

​[Particularly] local brands actively develop e-commerce by operating their own online shopping websites, as well as entering larger platforms run by Internet home shopping channels,” ​she said.

Related topics: Market Trends, Skin Care

Related news

Related products

show more

Tagra: Stabilizing Retinol to Rejuvenate Skin

Tagra: Stabilizing Retinol to Rejuvenate Skin

Tagra Biotechnologies | 09-Jun-2022 | Product Presentation

Retinol is widely regarded in the cosmetics industry as a golden ingredient for ageless skin. Yet, it tends to lose its efficacy quickly due to a variety...

RESTORING FACIAL HARMONY

RESTORING FACIAL HARMONY

Lubrizol Life Science | 26-May-2022 | Product Presentation

Telophi™ biotech ingredient is a biotechnological extract that protects telocytes and proliferating epidermal stem cells from psychological stress to preserve...

Protect your skin daily from U.V

Protect your skin daily from U.V

Robertet Health & Beauty | 03-May-2022 | Technical / White Paper

Able to increase skin resistance to UV exposure and to fight both UVA and UVB associated side-effects, Holimel® is a new solution for daily skin protection...

Related suppliers

Follow us

Products

View more

Webinars