Pulse July 2015 | Page 43

ccording to projections by global market research firm Lucintel, the global beauty-care products industry will grow to US$265 billion in 2017. The research indicated that consumers’ increased product awareness has resulted in higher demand for luxury goods, particularly cosmetics. Given the beauty industry’s huge market potential and positive outlook, spas understand the value of offering makeup services or carrying cosmetics for retail to help increase profitability. The challenge for many spas is in finding the right brand that aligns with the spa’s mi