Industry Analysis & Industry Trends
Over the five years to 2013, 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 by any means 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 its inception. The Cosmeceutical Skincare Production industry has even proven to be recession-proof, with revenue increasing 6.7% and 7.0% in 2008 and 2009, respectively. While these growth rates are slower than revenue's expected jump of 10.2% in 2013, they illustrate its resilience nonetheless... purchase to read more