Global Beauty & Wellness Industry
The beauty and wellness industry is driven in large part by demographics, with aging populations seeking anti-aging products, which represent 25% of the overall market. Cosmetic surgery products promising improved aesthetics and more youthful appearance represent a rapidly growing business. Injectables are the fastest-growing market segment in the US cosmetic surgery market, reports Global Industry Analysts. Non-surgical cosmetics demand in the EU is particularly strong due to minimal side effects and recovery time, and their non-invasive nature.
Laser technology innovation has boosted demand for procedures such as laser liposuction. The UK represents the largest and most rapidly growing cosmetic surgery marked in the EU. The cosmetic surgery market encompasses injectables (like Botulinum Toxin Type A), implants, equipment and non-surgical procedures like laser hair removal and chemical peels.
MarketLine predicts the world facial care market will increase by over 22% to reach more than $61 billion in 2015. The facial care market expanded 5% in 2010 to exceed a volume of 7,060 million units. It is predicted to reach almost 8,730 million units in 2015, representing a 24% increase over five years. L’Oreal is the best performing company in the market, with a near 14% share.