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 SWOT Analysis Chapter
The Cosmeceutical Skincare Production industry is in a growth stage of its life cycle. Its contribution to the US economy (measured by its industry value added, or IVA) has far outpaced general economic growth and is expected to continue in this manner during coming years. Over the 10 years to 2020, IBISWorld anticipates IVA to grow at an average annual rate of 8.2%; meanwhile, US GDP is forecast to increase at an annualized 2.5%. Strong research and development investment, coupled with technological advances, have underpinned the industry's expansion, even during the recession.
The industry has been a hotbed for product innovation and enhancements. Because of the fast pace of technological and scientific advancements, this industry has a short product life span... purchase to read more