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.
Flavour and fragrance supplier Symrise has reported positive 2007 results thanks to a focus on fast-growing segments and regions.
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.
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.