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To keep up with this market, Mintel's Vivienne Rudd writes, "Beauty companies must take the physiological and emotional needs of this demographic into account and formulate and market accordingly."
The NPD Group finds Generation Y women are seeking out anti-aging products at a younger age, giving beauty brands an opportunity to educate new consumers and help develop their loyalty early on.
Teen and tween girls are big business for beauty and personal care manufacturers, and according to recent Mintel research, nail products are a "must have" item for this demographic.
Kline & Company is celebrating the 10th anniversary of its Professional Skin Care Global Series report with its newly expanded coverage of seven of the world's up-and-coming markets.
Men accounted for 1 million minimally invasive cosmetic procedures performed in 2011, up 56% from 2000, and are continuing to rise.
In the U.S., some 59% of American men say personal care products boost their self-esteem, and 28% say they are concerned about dry skin and visible signs of aging.
The Professional Beauty Association's Salon/Spa Performance Index experienced a small increase in the Second Quarter 2013 due to higher sales, traffic and capital spending.
By: Nicole Tyrimou
Although conflicting trends continue to shape the category, skin care remains vibrant—and is approaching $100 billion in global sales.
By: Kristen Wegrzyn
This year's fall color palette is full of wearable, consumer-friendly colors that evoke strong emotions.
Rising concerns for health safety, increasing green consciousness and growing consumer's awareness about the hazards in synthetic chemicals have fueled the demand for organic personal care products.