The sweetness industry continues to be up.
In line with Circana, dollar sales have continued to speed up in each prestige and mass beauty, growing a respective 15 percent and 9 percent in the course of the first half of 2023.
Prestige beauty posted $14 billion in total sales in the course of the period; mass beauty generated $28 billion.
In prestige, sales saw a lift due to continued growth in unit sales, or variety of products actually sold, in every category, while mass sales primarily grew due to average price increases. (Beauty prices have increased 9 percent on average in mass, verses 2 percent in prestige).
“It continues to be the case that prestige beauty is the one...
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