We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Luxury Personal Care Goods And Cosmetics Market Growth Slows Down, Report Shows

November 1, 2015: 12:00 AM EST
In 2014, the global market for personal luxury goods expanded 3.0 percent to €224 billion, a marked slowdown following a decade of double-digit growth, according to the report “Seeking Sustainable Growth: The Luxury and Cosmetics Financial Factbook 2015 Edition.” Profitability was adversely affected by the slowdown in sales, with the average margin of the industry’s listed companies dropping 1 percentage point compared with the previous year. Despite this, annual growth forecast for the market remains unchanged, between 4 percent and 6 percent through 2017. In the same period, the global cosmetics market grew 3.6 percent to €181 billion. Growth will be driven by middle-class consumers’ demand for high-quality and innovative products. In the year ahead, the industry faces three pressing issues: managing demand worldwide, defining an omni-channel strategy, and fine-tuning the retail model.
"Seeking sustainable growth: The luxury and cosmetics financial factbook 2015 ", EY, November 01, 2015, © EYGM Limited
Domains
BEAUTY BUSINESS
Categories
Market News
Cosmetics
Geographies
Worldwide
Categories
Companies, Organizations
Market News
Products & Brands
Developed by Yuri Ingultsov Software Lab.