Industry Analysis & Industry Trends
Although the Global Cosmetics Manufacturing industry is mature in most developed markets, it is also dynamic and exhibits a high degree of innovation, particularly within luxury and prestige product lines. Global per capita income has risen and demand for pricey cosmetics and hair care products has grown accordingly, particularly in emerging markets. In addition to growing demand for prestige products in emerging markets, several other trends have defined the industry in recent years and will likely continue to do so in coming years. Operators have responded to changing consumer preferences by introducing and reformulating popular products to meet organic or all-natural standards... read more
Most cosmetic products fall into four major categories: skin care, hair care, cosmetics and fragrances. Each segment's share of industry revenue represents the percentage of total Global Cosmetics Manufacturing industry revenue generated by that segment. However, the segment's share of global industry revenue may not represent the segment's share of industry revenue in a particular country. For instance, according to IBISWorld estimates, skin care products generate about 26.0% of industry revenue in the European Union, while this segment accounts for about 43.0% of industry revenue in Japan.
Skin care products include body and face lotions, creams (e.g... read more