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Gains over Q1 2022 show the market’s “resiliency and unfaltering position as an indispensable category,” according to Circana’s Larissa Jensen.
April 25, 2023
By: Christine Esposito
Editor-in-Chief
In the first quarter of 2023, US prestige beauty industry sales reached $6.6 billion, a 16% increase versus Q1 2022, according to point-of-sale data from Circana (formerly IRI and The NPD Group). The mass beauty market generated sales of $7.0 billion and grew 10%, according to Circana’s research. “Following a stellar 2022, the beauty industry continues to bask in the glow of growing sales,” said Larissa Jensen, beauty industry advisor at Circana. “The first quarter results reinforce beaut...
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