Industry Analysis & Industry Trends
Over the five years to 2014, strong investment in research and development and an aging population have underpinned rapid growth, even during the recession. While growth is expected to slow slightly over the next five years as the market approaches saturation and competition heats up, higher demand from mass merchandisers and value-priced products will keep demand for the industry strong.... purchase to read more
Industry Report - Industry Analysis Chapter
Cosmeceuticals, or cosmetics that have pharmaceutical properties and capabilities, are not a novel concept. In fact, these products were first introduced in the 1980s with the discovery of retinoid as a topical solution to acne and wrinkles. However, ongoing research and development (R&D) has allowed industry operators to continuously reformulate, enhance and introduce cosmeceutical products even decades after retinoid's inception. The Cosmeceutical Skincare Production industry has proven to be resistant to economic downturn, with revenue increasing by double digits, even as per capita disposable income growth remained sluggish in the wake of the recession.
The United States' aging population is a significant factor behind the success of cosmeceuticals... purchase to read more