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Fragrance innovation is fueling business, according to NPD.
December 20, 2013
By: Melissa Meisel
The NPD Group, Inc. reports sales of premium priced prestige beauty products in the US reached $2.2 billion in the 12 months ending November 2013—a 23% increase versus the same time period last year. “The value of premium priced beauty products to a consumer can range from the quality of the ingredients and product performance, to something as simple as cost benefits that come with a larger format,” said Karen Grant, vice president and senior global industry analyst, The NPD Group, Inc. “Whatev...
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