the cosmetics market
1.1 Definition and presentation
A cosmetic includes any substance used to clean, moisturize or alter a person's skin, hair, nails or teeth.
Cosmetics can be divided into two macro-categories:
- Beauty products: e.g. makeup, perfume, skin cream;
- Care products: e.g. shampoo, soap, deodorant.
In Italy, the cosmetics market has shown an incredible performance in recent years, thanks to the positive perception of the country of origin. In fact, both production and export have recorded an annual percentage increase since 2009. However, the market is highly competitive and concentrated in the hands of a few giants of cosmetics, who must continuously innovate their offer to keep pace with the changing needs of consumers and not lose market share to an increasing number of smaller players trying to conquer a certain niche.
In fact, following the growing interest in issues such as sustainability and the environment, or the greater attention paid to the origin of products and the origin of ingredients, or even the highest consideration for personal care, both existing businesses and newcomers need to quickly change their positioning accordingly.
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