Industry Analysis & Industry Trends
The wide range of beauty and personal care goods produced by the Cosmetic and Beauty Products Manufacturing industry protects its participants from drastic changes in disposable income. Fluctuating incomes do affect cosmetics, but essential goods, such as shampoo, experience steadier demand. Industry revenue has increased steadily in recent years, aside from double-digit revenue growth in 2012 spurred by recovering demand in overseas markets, as some of the industry's largest export partners began to experienced postrecessionary growth. In the coming years, the industry's diverse product lines and commitment to research and development will keep revenue growth steady... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Cosmetic and Beauty Products Manufacturing industry is in a growth phase of its life cycle, as indicated by its expected positive contribution to the US economy during the 10 years to 2020. Industry value added, a measure of that contribution, is forecast to grow at an average annual rate of 4.6% in the 10 years to 2020. This rate is higher than the anticipated growth in US GDP, which is expected to increase at an average annual rate of 2.5% during the same period.
The number of industry players has been increasing in the five years to 2015, and will continue to increase during the five years to 2020. This trend indicates that opportunities are readily available for new entrants, likely in niche or premium markets... purchase to read more