Cosmetic & Beauty Products Manufacturing in the US
The Cosmetic and Beauty Products Manufacturing industry's varied assortment of products somewhat shields it from significant swings in revenue, as fluctuations in disposable income do not affect consumers' needs for industry essentials. However, dips in consumer confidence do influence a shopper's propensity to purchase discretionary products, such as nail polish or antiaging face creams. Over the five years to 2018, import penetration has substantially affected industry demand, as more consumers opted to purchase cosmetics and beauty products that were manufactured overseas. The United States sources high-end industry goods from France, Canada and Italy and purchases low-value products from China and Mexico. Over the five years to 2023, industry revenue is expected to grow sluggishly, as imports satisfy an increasing share of total demand. Furthermore, crude oil, which represents a major input for industry operators in the form of petroleum, is expected to increase in price, which will cut into industry margins.
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.