Prestige Beauty Market Expands 8 Percent In 3Q 2016, NPD Says

In the US, sales of prestige beauty products grew 8 percent to $3.5 billion in the third quarter of 2016, compared with the same period in the previous year, according to NPD. Data from the market research firm revealed color cosmetics continued to drive the segment's sales growth during the period. Sales of eyebrow makeup grew 37 percent, while lip color sales jumped 21 percent. Sales of nail beauty products, however, fell 17 percent. Sales of skincare products rose 5 percent to $1.1 billion, while sun products jumped 16 percent.