Canadian Prestige Beauty Sales Increase 25% in 2022
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Loading... - Alondra Torres
- 20 Mar 2023
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Canadian prestige beauty sales reached $3.4 billion in 2022, growing 25%, according to The NPD Group.
The fastest-growing segments were fragrance eau de parfums, as well as hair products and makeup foundation. Combined, these segments contributed close to one-quarter of total beauty industry sales revenue gains in 2022.
- Makeup: Sales grew 38%, which is the highest growth of any prestige beauty category.
- Fragrance: Sales increased 24%.
- Skin care: Sales increased 17%.
- Hair care: Sales increased 27%.
Brick-and-mortar sales grew by 34% and accounted for most of the industry’s gains last year. Read More..
