Cosmetic & Beauty Product Manufacturing in Canada
The Cosmetic and Beauty Product Manufacturing industry in Canada has experienced strong growth over the five years to 2019 by manufacturing widely accepted and necessary personal care products, such as shampoo and lotions. Revenue growth is determined by demand from wholesalers and retailers, which is ultimately driven by consumer spending, tastes and preferences. Profit margins vary widely among industry operators. The fluctuating price of crude oil, which represents a key input in the industry's many petroleum-derived products, has strongly affected industry profitability during the period. Significant volatility in commodity prices has posed a threat to operators that cannot quickly change their prices to reflect swings in input costs. Heightened price-based competition has also threatened industry operators. Industry revenue is expected to continue increasing over the five years to 2024, as rising levels of disposable income continue to fuel demand from domestic retailers and wholesalers.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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