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Skin care industry executives report success in anti-aging and revitalizing SKUs for 2010 and beyond.
April 28, 2010
By: Melissa Meisel
Youthful skin is beautiful skin, according to popular culture.Most shoppers, regardless of their ages, want that celebrity luminescence frequently seen in movies, magazines and on TV. These looks are often obtainable from a plethora of skin care products available in the health and beauty aisle. From anti-aging serums to exfoliating scrubs, today’s roster of skin care SKUs can assist almost anyone hoping to look younger. The marketplace for skin care is maintaining its own after weathering the stormy economy of 2009. Total sales of skin care rose 1.9% to $2.17 billion for the year ended Feb. 21, 2010 in supermarkets, drugstores and mass-market retailers excluding Walmart, according to SymphonyIRI, a Chicago, IL-based market research firm. “People are looking for simple ways to look and feel better. Given these economic times, investing in skin care is an economical and effective way to do this,” observed Heather Woolery-Lloyd,University of Miami, Department of Dermatology, Miami, FL. “Consumers are increasingly educated on the benefits of a proven skin care regimen and are willing to invest the time and money to achieve results. Effective proven skin care is now available at affordable prices. Some of the best skin care research comes from drugstore brands.” Body anti-aging products jumped considerably, according to SymphonyIRI—55.5% to $23.1 million, with brands such as Olay and Nivea leading the way. Facial anti-aging rose 4.7% to $777.6 million, led by Olay (again) and L’Oréal. Acne treatments stayed almost flat at $370.8 million.
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