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 SWOT Analysis Chapter
The Cosmetic and Beauty Products Manufacturing industry is in a mature life cycle stage. Industry value added, which measures an industry's contribution to the economy, is expected to grow an annualized 3.8% in the 10 years to 2021. While such gains will outpace anticipated annualized GDP growth of 1.9% over the same period, the industry's products, markets and competitive landscape are highly indicative of a mature industry. For example, the number of industry establishments is forecast to decline at an annualized rate of 2.0% during the same period, indicating robust internal and external competition, which has encouraged mergers and acquisitions and forced small and weak operators out of the industry.
Market acceptance for the industry's products is widespread... purchase to read more