Friday, January 9, 2009
Have No Fear, Natural & Organics Will Survive the Recession
The economy ain't doing so hot, in case you hadn't noticed, but guess what? According to expert, natural and organic cosmetics will "hold up well in 2009" regardless.Of course, the sector won't have nearly the same dramatic sales growth that it's had in the past few years, but still. A lot of people are trading down and not spending as much on beauty products, sure, but consumers are "unlikely" to give up their commitment to organic products just to save a few pennies, said Organic Monitor's Tina Gill.
After all, premium & high-end branded products are still more expensive. For this reason, mid-range and private label organics will sell better than luxury options, she predicted.
Check out the entire report on the European organic cosmetics market's reaction to the global recession.
Labels: economy, organic beauty

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