Industry Overview of Beauty and Personal Care Products
Hello everyone, we are so glad you’re reading this article. OK. The good news is that as a beauty products importer, distributor or other related business owner, you work in an industry experiencing continued growth/expansion throughout the country and overseas.
The personal care product industry boasts roughly 1000 companies that produce a combined annual revenue of more than $40 billion. The 50 largest companies generate almost 70% of the entire revenue. Still, the market will bear competition from small companies that can offer a specialized product or cater to a particular niche market.
Industry leaders include companies like Kimberly-Clark, Johnson & Johnson, Estee Lauder, Alberto-Culver, Avon, Colgate-Palmolive, L’Oreal, Parlux Fragrances, Proctor & Gamble and Revlon. Companies within the industry formulate, manufacture, market and sells a huge array of beauty and personal care products:
1. Makeup, deodorant and nail products comprise 33% of health and beauty care industry revenue.
2. Hair care products generate 25% of personal care product revenue, while and creams/lotions create 21%.
3. Perfumes, mouthwashes, shaving preparations and other products make up the remaining revenue for beauty skin care product revenues.
4. High-tech & Biotechnology Health Care and Beauty Tools are explosively growthing in recent years. Products include Portable Radio Frequency Skin Tightening Device, Facial Nano Mist, Sonic Facial Cleansing Brush, Multi Function Eye Massager, Ion Beauty Device and Plasma Skin Care Beauty Device etc.
Get more information on government regulations concerning beauty skin care products
Learn more detailed information on government regulations! Trust me, it’s obviously necessary and definitely will be great help to your business. For example, FDA(U.S. FOOD & DRUG ADMINISTRATION) in USA, CFDA(China Food and Drug Administration) in China or KFDA(Korea Food and Drug Administration) and so on.
Join professional associations for the health and beauty skin care products industry
Within the industry, you’ll run across several associations you may find beneficial to join. Not only will they provide valuable information on industry news, technology, trends and events, they present priceless opportunities for professional growth and networking.
Learn about different roles of manufacturing in the health and beauty care industry
Industry manufacturers prepare, blend, compound and package products. Beauty and personal care products don’t always come to fruition by a manufacturer alone. It often takes a concerted effort from outside companies with compatible technology to improve the way a product works. Other companies handle all aspects of manufacturing, formulating, logistics and packaging for companies that want to outsource any segment of their beauty and health care product business.
As part of a beauty and personal care products industry overview, remember that the beauty care products industry remains one focused on and obsessed with quality-of-life enhancing products. Additionally, men represent a growing market for personal care and cosmetics. To ensure success, align yourself with companies that keep their fingers on the pulse of current trends and technological developments.
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