Beauty And Personal Care Industry Outperforms Rest Of The Market

Stocks of cosmetics and personal care products companies gained 32 percent in 2013, according to market research company IBD. Leading the industry’s expansion are anti-aging products maker Nu Skin Enterprise, which gained 19 percent, and Peers Prestige Brands and Inter Parfums, both of which rose 13 percent. In the United States, the industry achieved $68.7 billion in sales and $433.4 billion globally in 2012. Sales in the US are forecast to grow 3–4 percent over the next five years to reach $81.7 billion by 2017, according to Euromonitor International. Growth in the emerging markets has made up for the slowdown in Europe, North America, and Japan, and global sales are forecast to expand around 5 percent yearly to reach $562.9 billion by 2017.