Two-thirds of professional skincare sales are made through salons and spas
04 Feb 2015
Written by Alice Smithson
The UK’s professional skincare market is in rude health, according to a new report that suggests the industry will grow by an average of 3.6% a year until 2018, growing from its current size of £307.2 million to £354 million by the end of 2018.
Nearly half of sales in the UK professional skincare market are for anti-ageing products. The second largest segment of the market is sun protection and hydration, accounting for 18% of the above figure. Pigmentation and acne products also make up significant chunks of the market.
The report, carried out by research company Technavio, found that two-thirds of professional skincare sales were carried out in salons or spas. The UK’s professional skincare industry is the fourth largest in the world, after those of China, the US and France.
Future trends and directions for the industry were also analysed in the report. It is expected that the role of multifunctional products will grow, as consumers seek all-in-one, quick fix solutions to their skincare needs. Unsurprisingly, the report also pointed to the expected growth of men’s skincare.
The coming few years pose many challenges for skincare brands, as well as for the salons and spas that sell skincare products and carry out treatments. In order to excel as a spa or salon, it’s important not only to keep on top of the trends but also to set prices carefully and apply discounts in the correct manner. Salon management software gives you full control of these important processes, and provides you with all the figures you need to track sales of key products. Take a look at more of the many functions of i-Salon software here.
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