News & Analysis on Cosmetics Innovation
The global skin care market is predicted to be worth $44.8bn by 2010, driven by an aging population, growing consumer affluence and the increasing importance of the emerging markets, according to a report by Global Industry Analysts.
The market for skin care, fragrance and colour make-up in France - one of the biggest in the world - has shown significant growth thanks to strong marketing and retail campaigns.
Ingredients supplier Cosmetochem is the latest in a growing number of companies to offer sustainably sourced ingredients that promise to bring benefits to the indigenous communities.
Boosted by strong domestic growth for personal care, Indian company Anchor Health and Beauty Care says it will be eyeing global soap and toothpaste brands as a key to further expansion.
The continued growth in male grooming products, combined with the development of emerging markets is helping to further grow the world market for shaving products.