Industry Analysis & Industry Trends
The Perfume and Cosmetics Manufacturing industry has drawn strength from product innovation and diversification over the five years through 2016-17. New products include eco-ethical products and natural and organic cosmetics and perfumes, which have been introduced partly in response to increasingly sophisticated consumer tastes and the growth of ethical consumerism. This softened the effects of strained consumer incomes in the early part of the period, and the industry has grown consistently over the past five years, recovering from revenue contraction prior to the period.
The industry is highly globalised and dominated by established global players, with international trade playing a dominant role... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is estimated to be in the mature phase of its life cycle. Industry value added is expected to increase at a compound annual rate of 4.5% over the 10 years through 2021-22, compared with compound annual GDP growth of 2.3% over the same period. However, the industry began the period on a particularly low base, meaning it has been making up lost ground over recent years.
There are several established players that dominate key market segments in an industry that is characterised by market saturation and the wholehearted acceptance of its products by consumers. With the exception of certain prestige fragrances, most products have a lifespan of five years or less. Maj.. purchase to read more