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At the recent launch of Leonor Greyl's Lait Luminescence, held last month in New York City, interest was high for the results-oriented premium hair care products.
January 14, 2011
By: Nancy Jeffries
Writer and Editorial Development
Trips to hair salons may have declined among value-conscious consumers, but premium hair care continues its hold with the promise of professional results at home. According to Euromonitor, sales of premium hair care in the U.S. reached $2.9 billion in 2009, however, between 2004 and 2009, the category experienced an average drop of 2.1%, which translated to an estimated $326 million in that period. Global statistics placed the category at $6.8 billion, with an overall 2% compound annual growth rate (CAGR). That said, the premium category in hair care is still generating consumer interest. At the recent launch of Leonor Greyl’s Lait Luminescence, held last month in New York City, interest was high for the results-oriented premium hair care products. The company’s newest launch, Lait Luminescence, is a bi-phase detangling milk and styling spray that offers shine, manageability and protection from UV rays. Caroline Brooks, director of sales, Leonor Greyl, USA, responding to the timing of a premium hair care launch in a difficult economy, said, “Women are buying premium hair care products that offer results. We’ve all been waiting and holding our breath, but what I’m getting from consumers is if they really want to make it count, they’ll do it with hair care and skin care,” said Brooks.
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