GIBF E Magazine AUG-SEPT-2019 GIBF The Business Tycoons Magazine Aug-Sept | Page 18

SECTOR REVIEW - COSMETICS
TYPES OF COSMETICS
AND ATTRACTIVENESS
PRODUCTS
Cosmetics are substances or products used to enhance one’s or alter the appearance
of the face or fragrance and texture of the body. Many cosmetics are designed for use of
applying to the face and body. They are generally mixtures of chemical compounds;
some being derived from natural sources (such as coconut oil), and many synthetic or
artificial. Cosmetics that are applied to the face to enhance ones appearance are often
called make-up items. Common make-up items include: lipstick, mascara, eye shadow,
foundation, blush, and bronzer. Other common cosmetics include skin cleansers, body
lotions, shampoo and conditioner, hairstyling products (gel, hair spray, etc.), perfume
and cologne.
In the United States, the Food and Drug Administration (FDA), which regulates
cosmetics, defines cosmetics as "intended to be applied to the human body for
cleansing, beautifying, promoting attractiveness, or altering the appearance without
affecting the body's structure or functions". This broad definition includes any material
intended for use as a component of a cosmetic product. The FDA specifically excludes
pure soap from this category.
Cosmetics are intended to be applied
externally. They include, but are not
limited to, products that can be applied to
the face: skin-care creams, lipsticks, eye
and facial makeup, towelettes, and
colored contact lenses; to the body:
deodorants, lotions, powders, perfumes,
baby products, bath oils, bubble baths,
bath salts, and body butters; to the
hands/nails: fingernail and toe nail
polish, and hand sanitizer; to the hair:
permanent chemicals, hair colors, hair
sprays, and gels.
A subset of cosmetics is called
"makeup", refers primarily to products
containing color pigments that are
intended to alter the user's appearance.
Manufacturers may distinguish between
"decorative" and "care" cosmetics.
Cosmetics that are meant to be used on
the face and eye area are usually applied
with a brush, a makeup sponge, or the
fingertips, or a beauty blender.
GLOBAL COSMETIC SKIN CARE MARKET
2019-2023 | PRESENCE OF PREMIUM
BRANDS DRIVES GROWTH
A key driver for the global cosmetic skin care market is the presence of premium
brands. The increasing popularity and presence of premium cosmetic skincare brands
have led to the growth of the market in recent times. Affluent consumers are continually
looking to update and advance their knowledge about skin care and thereby, are
receptive to learning and engaging with luxury and premium brands online. These
affluent consumers have been influencing premium skincare brands to build up their
digital appeal and credibility to boost their market share.
This global cosmetic skin care market research report also provides an analysis of the
most important trends expected to impact the market outlook during the period 2019-
2023. Technavio classifies an emerging trend as a major factor that has the potential to
significantly impact the market and contribute to its growth or decline.
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