Japan drives anti-aging skin-care market
This article was originally published in The Rose Sheet
Executive Summary
According to market research firm Mintel, the number of anti-aging skin-care products launched in Japan from 2007 to 2009 increased 85%, compared to a 27% increase in the U.S. during the same time period. Longevity among Japanese women leads the world and its steady increase, "traditional eating habits and long history of whitening beauty are just a few of the reasons this region continues to excel in the personal-care industry," Mintel's Hinako Sugioka says in Sept. 22 release. Sales of anti-aging skin-care products in the U.S. topped $1.8 bil. in 2009, with growth attributed to increased interest in health and wellbeing among women in the U.S. The market has also shown resilience to the economic downturn, with many women unwilling to stop buying anti-aging skin-care products, Sugioka noted