Consumers continue to spend on beauty — ChainStoreAge.com

Photo by Peter Kalonji on Unsplash

Consumers may have their doubts about the economy, but that’s not stopping them from purchasing cosmetics:

U.S. prestige beauty industry sales totaled $14 billion in the first half of 2023, up 15% from the year-ago period. In comparison, the mass beauty market generated $28 billion and grew 9%, according to Circana,  formerly IRI and The NPD Group.

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