The health & beauty market continues to show resilience in the economic downturn, with 2010 growth forecast at 5.0%. Consumers are less willing to trade down or cut back on items which are viewed as a necessity by many.
Health & beauty has been one of the more resilient retail sectors during the recession. However, we estimate that the EU health & beauty market declined by 0.7% in 2009 as the recession propelled the private label trend in personal care goods.
Approaching two-thirds (61%) of consumers across 17 countries attach importance to looking their best in day-to-day life. Many see applying make-up as a pivotal part of their beauty regime, especially when only 43% of consumers are satisfied with their attractiveness.
Cosmetics maker Estee Lauder Cos Inc posted lower than expected quarterly profit, hurt by rising advertising and other expenses, while cost-cutting moves helped rival Elizabeth Arden Inc beat analysts' expectations.
Second quarter ending June 30 saw the perfume manufacturer generate 4.1 million Euros in profit (5.4 million dollars). This result is mainly due to their product offer strengthening, with the arrival of Bebe, Nine West and Betsey Johnson licenses.
The handsome lead actor from Pirates of the Caribbean has become a symbol of beauty and elegance. The women adore him and the men strive to emulate him. Now we can smell the aroma that he has chosen to represent his manly-hood.
Unilever, a global giant in the food industry and cosmetics sectors, reported a 40-percent leap in quarterly net profit on Thursday.The outcome for the second quarter, in line with analysts' expectations, was driven by strong sales.
The Spanish fragrances sector is being especially affected by the current economic crisis. Fragrances sales decreased by 3% in volume and 4% in current value terms in 2009. Both premium and mass fragrances sales decreased by around 3% in volume terms.