Industry Analysis & Industry Trends
Global per capita disposable income has risen over the five years to 2016, and demand for pricey cosmetics and hair-care products has grown accordingly, particularly in emerging markets. As a result, profit is on the rise, and global industry revenue is expected to increase over the five years to 2016. The same trends that affected the industry over the previous period are anticipated to influence it over the five years to 2021. The gross domestic product (GDP) of the BRIC nations (Brazil, Russia, India and China) is expected to grow during the period, enabling consumers in those developing markets to purchase more prestige cosmetics... read more
Over the five years to 2017, global economic recovery has bolstered the Global Cosmetics Manufacturing industry, resulting in slow gains in industry revenue. Rising demand for the industry's core, everyday products sustained revenue growth even throughout periods of low global disposable income; however, the recovering global economy has accelerated demand for discretionary cosmetics and beauty products that can be sold at higher price points, therefore boosting margins for many industry players.
Aspirational shoppers (brand-conscious, younger consumers seeking high-end products at affordable prices) and emerging markets (especially the BRIC countries: Brazil, Russia, India and China) have particularly contributed to the growing demand for prestige product lines. At .. read more