Cosmetic & Beauty Products Manufacturing in Illinois
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. Furthermore, the industry is expected to continue to attract new entrants over this period, most likely small and specialty manufacturers.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook