USA: Higher income consumers boost sales of beauty products, NPD reports
Higher income consumers with annual household incomes of over USD 100,000, spent nearly USD 9 billion on beauty products in the first half of 2022, up 14%, year over year found NPD’s Checkout Omnichannel Tracking. According to the market research firm, higher income U.S. households account for over 40% of beauty sales revenue. This double-digit growth was spurred by a combination of more buyers in the market and consumers spending more compared to last year, with Generation X and...
Source: premiumbeautynews.com