The market research provider will be exploring the latest in its webinar, entitled ‘State of Beauty: Trends Shaping the Industry in 2019’. The online event is set to take place Wednesday 26 June 2019, 15:00 BST.
“In our forthcoming beauty and personal care webinar we explore the state of play of the beauty industry in 2019 and how companies are driving growth through next level consumer-centric strategies,” the company says. Full details and registration are available here.
In its report, Beauty and Personal Care: Quarterly Statement Q1 2019, described as a ‘strategy briefing’ by the company, Euromonitor revealed key insights into the current state of the beauty market.
Premium beauty and personal care is expected to add USD462 million comparatively to mass that will only add USD96 million through to 2022, for example.
From the ongoing dominance of premium beauty to regional insights on the US, China and Japan, we take a look at the key factors impacting on the global beauty and personal care market in our full report here.
An analyst’s take
Hannah Symons, beauty analyst at Euromonitor explains that the industry continues to enjoy strong global growth.
“Growth in the beauty and personal care industry reached a decade high last year and will continue unabated in 2019 and beyond, facilitated by new models of aspiration such as self-optimization and tailored experience,” she explains.
“Global beauty and personal care recorded dynamic 6% value growth in 2018, which was the strongest for over a decade. Even in real terms (excluding inflation), 2018 still stands out as a strong year for the industry, reaching highs not seen since 2015, despite Western Europe’s flat performance.”