About face: A projected depreciation of the Canadian dollar will unlock international demand for industry products
The industry has enjoyed positive growth by manufacturing widely accepted and necessary personal care products, such as shampoo and lotions. Revenue growth is determined by demand from wholesalers and retailers, which is ultimately driven by consumer spending, tastes, and preferences. In recent years, rising levels of disposable income have encouraged consumers to increasingly purchase the industry's high-end luxury products. The pandemic cut into revenue in 2020. As a result, industry revenue is estimated grow merely at a CAGR of 1.0% over the past five years to reach $4.1 billion in 2023, despite a slump of 1.3% in 2023 and languishing profit at a meager 4.1%.
The Cosmetic and Beauty Product Manufacturing industry in Canada prepares, blends, compounds and packages beauty products and cosmetics. Products included in this industry are perfumes, makeup items, hair preparations, face creams, lotions and other toiletries. Toothpastes, toothbrushes, soaps and body washes are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Estee Lauder Companies Inc.
- L'Oreal Canada Inc.
Methodology
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