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Prestige tops mass again, says Euromonitor.
April 11, 2017
By: TOM BRANNA
Euromonitor International has done all the digging and come up with some key insights on the 2016 global beauty business. Here are some nuggets to consider: • Premium beauty and personal care outperforms mass segment for the second consecutive year, growing at nearly 6% • Color cosmetics posted a stellar performance in 2016 with 7.2% growth, driven by the premium segment • Skin care slowed marginally to under 5% • North America dominates premium beauty and personal care prospects per capita spend • Premiumization is driving standards across all levels in the beauty industry, from the low-end mass segment to the prestige level.
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