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 Investment Chapter
The Cosmetic and Beauty Products Manufacturing industry has a high level of capital intensity. For every dollar spent on labor, the industry spends about $0.57 on capital, which indicates that many of the processes are automated. Many of the products, including hair and skin care, are mass-produced; however, a small portion of very specialized skin care products and cosmetics may require higher levels of human input.
The majority of firms operating within this industry employ fewer than 20 workers. However, the majority of the industry revenue comes from larger firms with more workers. During the recession, these industry firms came to rely more heavily on capital, since reducing employment was an easy way to cut costs... purchase to read more