ULTA Salon

Market Focus: Beauty Product Buyers
August 1, 2004

A Beauty of a Market Even before Cleopatra made famous her kohl-rimmed eyes, women the world over sought out lotions, creams and powders to put their best face forward. And throughout the centuries, the desire for beauty products has only grown. The cosmetics industry basically is divided into three categories: skincare, haircare and color cosmetics. Citing research from Datamonitor, Cosmetics & Toiletries magazine puts the total cosmetic industry at $124 billion, with sales expected to top $145 billion by 2005. It also points to skincare and color cosmetics as industry growth areas, with estimated sales of $31 billion and $22.5 billion, respectively. Many Faces,