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Professional Skin Care Products Market Grows 5.3% in 2011
Posted: July 24, 2012
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Brand Market is Consolidated in U.S., Fragmented in Europe
The study also indicated that the U.S. market is relatively consolidated, with the top five brands accounting for a 38% market share. Meanwhile, the European market is highly fragmented with leading brands, Guinot, followed by Clarins, enjoying strong growth. Brands entrenched in the medical care providers channel, such as SkinCeuticals and SkinMedica in the United States as well as Dermaceutic and Pangaea Laboratories’ Medik8 in Europe, posted the strongest gains in 2011.
Industry executives participating in the research noted concern with finding the correct balance of distribution between purchase channels in addition to growing commercial pressures between manufacturers, distributors and professional outlets. Another concern, the report said, consists of developing attractive pricing solutions for both retail and treatment products for price-sensitive consumers.
Kline & Company is hosting a free webinar as a follow up to its recent report. To register, click here.