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 effected 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. Furthermore, strong increases in global per capita disposable income will enable consumers to purchase more expensive cosmetics around the globe, particularly in developed markets. As a result, IBISWorld estimates that industry revenue will increase over the five years to 2021.
This industry prepares, blends, compounds and packages toilet preparations and personal-care products, including perfumes and fragrances, hair-care, makeup, oral-care, personal hygiene and skin-care products. Players in this industry are large multinational organizations that operate around the globe. Industry products are predominantly sold in downstream grocery, mass merchandisers and specialty retail stores.
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.