US BODY CARE PRODUCTS SECTOR GROWTH SOARS AFTER END OF RECESSION
May 22nd, 2015
Following a period of recession-induced stagnation, business in the US body care product industry is back with a vengeance. Driven by a combination of seasonal and demographic factors, Americans spent just over USD2.9 billion, USD9.23 per person, on body care products in 2014. This was 2.6 times that of Germany or Brazil, the next-largest consuming countries. And growth is steady – there has been an average increase in sales of 2.7% annually over the past five years, according to market researchers the Mintel Group.“The economic recession combined with the ...
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