report

Confusion Over Personal-Care Ingredients Impacts Purchases

Retail customers are having difficulty making purchase decisions for personal-care products due to unfamiliar ingredients on product labels, according to a “2017 Ingredient Confusion” study by Label Insight, a product-transparency agency. The study found that 81 percent of the more than 1,000 consumers surveyed do not recognize ingredients on personal-care product labels on a regular basis. And a mere 2 percent “always” understand what they are reading on labels.

Skincare Sales Surpass Makeup

Skincare sales have outpaced makeup this year, according to second quarter 2017 prestige-beauty insights from NPD Group. For the retailer looking to capitalize on this trend, expanding its skincare offerings to include a variety of new, unique and innovative skincare options, especially from smaller brands hitting the market, will allow it to make the most of this growth.

Skincare Products to Reach $179 Billion by 2022

The global skincare products market is expected to reach $179 billion by 2022, according to "Skin Care Products Market by Type and Geography: Global Opportunity Analysis and Industry Forecast, 2014-2022," by Allied Market Research(AMR).

The market is projected to grow at a CAGR of 4.7 percent from 2016 to 2022. The report also noted that Asia-Pacific dominated the market and contributed more than 40 percent of the overall market revenue, followed by Europe in 2015.