UK luxury beauty sales see strong growth
The UK prestige beauty market grew 9.4% last year, fuelled by consumer demand for an affordable way to buy in to exclusive brands. The total UK prestige beauty market grew to £1.7bn in 2011, up 9.4% on 2010, according to market researcher The NPD Group. Fragrance is the largest and fastest growing sector in the premium beauty market but make-up and skincare also performed strongly. Total prestige skincare sales grew 8.2% to £445m. Skincare had seen the fastest growth in 2010 but slowed last year although it still showed impressive growth. Existing ranges in the category grew more slowly than in make up and fragrance and were the main reason for the slowdown according to NPD. Make-up sales were up 8.5% on the previous year to be worth £437m in 2011. The start of the year saw a strong performance from lip colour, while mascara did particularly well in the second half of the year. NPD director June Jensen said: 'The UK prestige beauty market is experiencing one of the most robust sales periods ever. Prestige Beauty will remain a competitive environment in 2012, along with exciting new launches and manufacturers are likely to continue to offer additional value by offering gifts with purchase. She added: '2011's strong performance should reassure the industry that the consumer loves beauty, wants beauty and feels a need for beauty - however tough the economic environment might be.' (image: Dr Hauschka)