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Global Cosmetics Industry Trend Report unveiled by RNCOS
Increasing acceptance of organic and herbal-based cosmetic products will drive the cosmetics industry in near future, RNCOS identified.
By: Shushmul Maheshwari
Moreover, at present cosmetics industry is focusing on launching organic cosmetic products because people are now becoming more and more conscious about the chemicals and their harmful effects in the cosmetics. In addition, a new concept of ‘Herbal Medicine’ is paving its way to the skin care industry. Players are globally exploring the markets to tap the hidden growth potential. Regulatory bodies are also ensuring that consumers have full knowledge about the ingredients of products and hence focusing on labeling.
For instance, The Food and Drug Administration (FDA) (USA) plans to issue the first new regulations for sunscreen in October 2010. The proposed changes, may implement new testing and labeling practices to clear up the confusion over the reliability of the sun protection factor (SPF), and whether products actually do what they advertise.
Our report has also evaluated the emerging male grooming segment as more and more men are becoming concerned about their looks and appearances. The cosmetic industry is utilizing this paradigm shift and launching new products exclusively for men. As a result, the global male skin care market which was only worth about US$ 193 Million in 2009 is now growing at a substantial rate of about 16% annually.
“Cosmetics Trends” apart from providing a deep insight into the Cosmetics industry, has discussed various strategies adopted by the governments of many countries that will propel the future growth of this industry.
Free copy of Cosmetics Trends is available for download
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.