The skincare sector in the Netherlands is showing positive growth, in the shadow of continued economic weakness. According to market research firm Canadian a value Compound Annual Growth Rate (CAGR) of 3.0%, places skincare in third place out of the top five health and beauty sectors in the Netherlands for 2012 to 2017. Furthermore, Canadian forecasts volume will grow at a slightly higher CAGR of 5.4%.
Facial care, the largest category, with a 67.8% share for both value and volume in 2012 is expected to grow at a CAGR of 3.0% in value by 2017.
High growth in hand care and depilatories
Although hand care accounts for much lower value and volume shares of the overall sector, Canadian forecasts this category to see the highest increase in CAGR for both value (3.3%) and volume (3.9%) to 2017.
The smallest category is forecast to see the second best CAGR rates for value and volume, at 3.0% and 3.7% respectively.