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 - Starting a New Business Chapter
Barriers to entry into the Cosmetic and Beauty Products Manufacturing industry are moderate and increasing. Established manufacturers, which benefit from economies of scale and scope, can pose a barrier for potential entrants. Large operators have cost-minimizing measures, promotional resources and recognizable brand names in place. These factors ensure an advantage in competing for the shelf space necessary to market products in the downstream market.
The mature and saturated nature of some product segments (like hair care) tends to act as a further barrier, limiting the scope for new entrants with new products. However, niche and developing markets (e.g. organics) can offer an opportunity for aspiring toiletries manufacturers... purchase to read more