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The professional skin care products market rose 5.3% in 2011—marking its second year of growth—led by strong performance in China and South Korea within the professional sector, according to a recent study. Meanwhile, the U.S. and Europe navigated through a tough marketplace where their main bright spots remained in the medical care providers channel.
Professional Sector Growing in China and South Korea
According to the latest Professional Skin Care Global Series: Market Analysis and Opportunities by international consulting and research firm Kline & Company, China and South Korea have been on a growth trend in the professional sector, up 9.3% and 9.5%, respectively. A regulatory change in South Korea drove investment in beauty institutes and greater consumer spending in the market's domestic brands such as Dr. G, CNP and Dr. Oracle.
Karen Doskow, Kline’s industry manager, said that professional products in South Korea are sold "comparable to the U.S. market" through Internet and home shopping channels, where local brands actively develop e-commerce by operating their own online shopping websites as well as larger platforms run by Internet home shopping channels, such as G Market and GS Home Shopping. That particular channel posted nearly 18% growth in 2011.
Spa and Salon Channel Declines in U.S.