According to a new report from data analysts at the NPD Group, Covid-19 has changed consumer buying habits of prestige beauty products.
Despite an overall decline in the market – with sales of prestige beauty products in bricks and mortar stores dropping 44% in 2020 when UK stores were forced to close intermittently due to government restrictions – many consumers subsequently adopted a digital approach to their shopping.
In total, the prestige beauty market in the UK was valued at £2bn in 2020 with prestige beauty sales online increasing 47%. Furthermore, 44% of all prestige beauty sales in 2020 were purchased online, representing an increase of 21% points compared to 2019.