U.S. beauty growth
This article was originally published in The Rose Sheet
Executive Summary
The demand for cosmetic and toiletry chemicals in the U.S. is expected to rise 5.4% per year to $7.6 bil. in 2010, according to industry research company The Freedonia Group. The growth will be driven by favorable trends in demographics as well as "consumer desires to offset the effects of aging, and preferences for 'natural'" products, the Cleveland-based company says. As a result, "active and plant-derived ingredients will benefit the most," firm adds. Growing demand for active ingredients, such as amino acids and peptides, "will be propelled by continued gains in cosmeceuctical skin care products and high-value additives such as nanoscale ingredients," firm reports. Male grooming, ethnic products, anti-aging and products for consumers 50+ are poised to achieve "rapid" growth through 2010...
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