UK Prestige Beauty Market Shows Strong Growth In 2014

The UK's prestige beauty market grew 5.2 percent to reach £2.3 billion in 2014, compared with 2013, according to NPD Group. Data from the market research firm revealed skincare expanded 1.7 percent year-on-year, remaining the largest segment worth £500 million. Anti-aging products accounted for £165 million, or a growth of 1.3 percent during the period. Sales of facial cleaners rose 13.9 percent to £58.6 million, while facial masks accounted for £6.5 million, a growth of 11.2 percent.