Industry Analysis & Industry Trends
Revenue growth for the industry is determined by demand from wholesalers and retailers, which is ultimately driven by consumer spending, tastes and preferences. In the past five years, industry revenue has grown marginally, despite a decline in per capita disposable income during the recession that hurt demand for high-margin luxury products. Revenue is projected to fare better over the next five years as per capita disposable income continues rising slowly, resulting in stronger downstream demand from wholesalers and retailers. Furthermore, depreciation of the Canadian dollar with strengthen export sales while imports remain relatively steady... purchase to read more
Industry Report - Industry Locations Chapter
Operators in the Cosmetic and Beauty Products Manufacturing industry are largely concentrated in Ontario, Quebec and British Columbia. Ontario accounts for 40.9% of establishments and is the most densely concentrated region for this industry. Due to its significant share of the population (38.7%) and ideal location, Ontario is an attractive region for businesses. Its location on the Great Lakes allows the region easy access to the industry's largest trading partner: the United States. Operators that establish facilities in this area incur lower transportation costs due to their proximity to key domestic and international markets.
Quebec also holds a large share of industry establishments, at 33.1% of the total in 2014 (latest available data)... purchase to read more