Market makeover: Improving income levels and consumer spending to contribute to growth

The Cosmetic and Beauty Products Manufacturing industry in Illinois has experienced revenue growth over the past five years, after struggling during the recession. Increases in Illinois' per capita disposable income and consumer spending helped drive downstream demand for high-end industry goods over the five years to 2017, and strong investment in research and development enabled industry operators to produce alluring new products. Over the five years to 2022, IBISWorld expects that the industry will continue to experience moderate gains, with niche product divisions, such as organics, providing opportunities for growth, while more mature product segments such as hair care are anticipated to remain relatively steady...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
1.2%
Forecast Growth 17-22
Profit
Employment
3,323
Businesses
143
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Industry Threats & Opportunities

  • The industry has regained its footing, and an influx of industry entrants has caused revenue to achieve growth
  • Industry in the state is dominated by contract and private-label manufacturers
  • Mature segments, such as hair care, are anticipated to remain relatively unchanged
  • Industry Report - Industry Products Chapter

    Skin care productsSkin care is the largest product segment within this industry, accounting for an estimated 35.2% of total revenue; this segment is slightly larger in Illinois than it is in on a national level. This category includes facial creams and cleansers, functional products (products that serve a specific purpose, such as anti-acne or wrinkle-reducing agents) and men's skin care products. Skin care products can command some of the highest price tags in the industry, with 2.0 ounces of some skin products selling for upward of $1,000.00. A focus on antiaging treatments has boosted this segment's popularity in Illinois over the past five years, and youthful, lifting serums and nourishing oils have significantly increased their shares of consumer demand. Fur...purchase to read more.

    Additional Insights for the Cosmetic & Beauty Products Manufacturing in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cosmetic & Beauty Products Manufacturing in Illinois Industry are

  • Production of premium goods/services
  • Having contacts within key markets
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in Illinois and Manufacturing GDP for Illinois in the Cosmetic & Beauty Products Manufacturing in Illinois industry impact industry performance..

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    What is the Cosmetic & Beauty Products Manufacturing in Illinois Industry?

    This industry prepares, blends, compounds and packages beauty products and cosmetics. Products included in this industry are perfumes, makeup items, hair preparations, face creams, lotions and other toiletries. Toothpastes, toothbrushes, soaps and body washes are not included in this industry.

    Industry Products
  • Hair care
  • Skin care
  • Perfumes
  • Cosmetics
  • Industry Activities
  • Manufacturing natural and synthetic perfumes
  • Manufacturing shaving cream, shaving preparations and aftershave products
  • Manufacturing hair care products
  • Manufacturing face and body creams, beauty creams or lotions and hand cream or lotions
  • Manufacturing sunscreen products
  • Manufacturing cosmetics, including face powders, eye shadows, lipsticks and mascaras
  • Manufacturing bath salts and talcum powders
  • Manufacturing deodorants and depilatory products
  • Manufacturing nail care preparations and nail polishes
  • Manufacturing toilet cream or lotions
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in Illinois
  • Manufacturing GDP for Illinois
  • Research and development expenditure
  • World price of crude oil

  • Current Performance
  • Starting low
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • New entrants
  • Product enhancement opportunities
  • Table: Cosmetic & Beauty Products Manufacturing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cosmetic & Beauty Products Manufacturing in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Supermarkets & Grocery Stores
  • Pharmacies & Drug Stores
  • Beauty, Cosmetics & Fragrance Stores
  • Health Stores
  • Department Stores
  • Hair & Nail Salons
  • Consumers

  • Key Selling Industries
  • Inorganic Chemical Manufacturing
  • Organic Chemical Manufacturing
  • Soap & Cleaning Compound Manufacturing

  • Products & Services
  • Skin care
  • Hair care
  • Other
  • Cosmetics
  • Perfumes
  • Chart: Cosmetic & Beauty Products Manufacturing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Consumers age 35 to 54
  • Consumers age 55 to 64
  • Consumers over 65
  • Consumers age 25 to 34
  • Consumers under 25
  • Chart: Major Market Segmentation for the Cosmetic & Beauty Products Manufacturing in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Marketing
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Cosmetic & Beauty Products Manufacturing in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cosmetic & Beauty Products Manufacturing in Illinois Industry

  • Blistex Inc.Colorlab CosmeticsLabtec CosmeticsMedusa’s Make-Up
  • Table: Blistex Inc. - financial performance
  • Table: Colorlab Cosmetics - financial performance
  • Table: Labtec Cosmetics - financial performance
  • Table: Medusa’s Make-Up - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cosmetic & Beauty Products Manufacturing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cosmetic & Beauty Products Manufacturing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cosmetic
  • A product used for cleansing, beautifying, promoting attractiveness or altering the appearance.
  • Direct Response Television
  • A form of television advertising that asks viewers to make a purchase directly from a company (as opposed to through a retail outlet), usually via a 1-800 number or the company's website.
  • Direct Sales
  • The marketing and selling of products directly to consumers in a location other than a store or other fixed retail site.
  • Paraben
  • A chemical used widely in cosmetics as a product preservative. Recent research has linked parabens to cancer.
  • Premiumization
  • A trend wherein companies attempt to increase revenue by offering more enhanced, value-added products, often at a higher price to consumers.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • Why buy this report?

    IBISWorld’s Cosmetic & Beauty Products Manufacturing in Illinois Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Cosmetic & Beauty Products Manufacturing in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cosmetic & Beauty Products Manufacturing in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cosmetic & Beauty Products Manufacturing in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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