Very Few Wrinkles in U.S. Skincare’s Expected Growth to $7 Billion by 2010!

New York, January 8, 2006 — Promises of diminished lines, a smoother, younger-looking healthful glow, and a clearer complexion are paying off big for manufacturers of skincare products, which racked up an expected $5.8 billion in sales in 2006, according to Skincare Products in the U.S, a year-end market research study from Packaged Facts.

Packaged Facts projects that sales of moisturizers, cleansers, hand and body lotions, and anti-aging skin products will top $7 billion by 2010, led by anti-aging products, which are expected to retain double-digit growth rates in the next several years. Packaged Facts anticipates anti-aging’s compound annual growth rate to be 11.3% through 2010. All other skincare segments are expected to see similar healthy growth, with the exception of facial cleansers, which should remain relatively flat.

While prestige products have suffered fallout from department store mergers and closings, sales are expected to recover. Additionally, higher-priced, higher-quality mass-market products (often referred to as “masstige”) and increased mass-market distribution of prestige products will continue to stimulate market growth. Highly functional product promises, such as protection, prevention, deep cleansing, or regeneration, combined with natural and organic ingredients are also ideally poised to fuel dollar growth.

“Marketers and retailers have done an excellent job of repositioning products based on need and catering to a wider audience including teens, twenty-somethings, and men,” notes Don Montuori, the publisher of Packaged Facts. “Rebranding has paid off in several instances and positioning products in a more cosmeceutical fashion has fueled market growth and will continue to do so in the next several years as consumers buy into the promise of better looking skin.”

Skincare Products in the U.S provides a comprehensive look at the market for both mass and prestige skin care products available through retail and online channels. The report examines new product trends, offers competitive profiles of industry leaders, and looks at consumer trends and behaviors surrounding skin care use. Priced at $3000, this report is available from Packaged Facts by visiting: http://www.packagedfacts.com/Skincare-Products-1272004. It is also available at MarketResearch.com.

About Packaged Facts
Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer industries, including consumer goods and retailing, food and beverage, and demographics. For more information visit www.PackagedFacts.com, or contact Tom Ehart at 240-747-3014, or tehart@marketresearch.com.