Facial Care Expected to Retain Stronghold in French Skincare Market
06 August 2013
According to a new report from Canadean, despite rapid growth displayed by the Hand Care sector, Facial Care will continue to lead the Skincare market in France up to 2017.Customer loyalty for firmly established brands is expected to keep Facial Care at the top of the category for the forecasted period.
Negative growth in value of the Skincare sector up to 2017
Due to a slow recovery from the global recession, the firmly established Skincare sector is expected to show a negative growth in value up to 2017, according to Canadean. Growth by value is expected to grow at a Compounded Annual Growth Rate (CAGR) of -0.2%, making it the lowest ranking Health & Beauty sector in the country up to 2017. Volume, however, is expected to grow positively at a CAGR of 0.5% up till 2017.
Facial Care continues to fare well and maintains its dominance in the sector
With value and volume shares of 74.7% each, Facial Care held the largest share of the Skincare sector in 2012. French consumers have a long history of using Facial Care products. It is expected that a desire to keep up with beauty routines and a comfort with using established brands will drive growth in the category up to 2017. Facial care is expected to grow in volume at a CAGR of 0.5% up to 2017. Growth by value, however, is expected to decline at a CAGR of -0.2% during the same time period.
Hand Care displays the highest growth in volume
According to Canadean, Hand Care is the only Skincare category that will show neither a decline nor a change in value up to 2017, growing at a CAGR of 0.0%. Hand Care is expected to have the highest rate of growth by volume, growing at a CAGR of 0.7% up to 2017.
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