Beauty Essay

7336 Words Nov 27th, 2013 30 Pages
Executive Summary - November 2007

A Study of the European Cosmetics Industry
Executive Summary

Prepared for: European Commission, Directorate General for Enterprise and Industry Prepared by: Global Insight, Inc.

November 2007

Executive Summary - November 2007

Contact Information

Emilio Rossi Managing Director Business Planning Solutions, Europe Global Insight, (Italy) srl. Via S. Maria Segreta 6 20123 Milan +3902 8648 130 Antonia Prlic Principal 1 Adelaide Street East Suite 2505, P.O. Box 198 Toronto, Ontario, M5C 2V9 Canada +1 416 682-7312 Robert Hoffman Senior Consultant 1 Adelaide Street East Suite 2505, P.O. Box 198 Toronto, Ontario, M5C 2V9 Canada +1
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Over the period 2000-06, there was sluggish per capita consumption growth in two of the large European markets, France and Germany, and somewhat better performance in Italy and the United Kingdom. In contrast, there was strong growth in the high per capita consumption countries like Denmark, Sweden, Spain, and Norway. Using a correction for purchasing power parity, per capita cosmetics spending was €174 in Japan, €127 in the U.S. and €24 in China. The table below outlines cosmetics spending


Executive Summary - November 2007

per capita in 2006, the compounded annual growth rate over the 2000 to 2006 period and spending in purchasing power parity terms for China, Japan, U.S. and the EU regions. Per Capita Consumption by Country and Region
Country EU15 EU12 EU27 US Japan China C&T expenditure CAGR per capita (€), 2006 2000-2006 150 1.9% 57 6.8% 128 2.2% 127 -3.8% 186 -4.5% 6 4.0% C&T expenditure per capita (€) at US$ PPP, 2006 132 98 124 127 174 24

Source: Euromonitor, COLIPA Statistics Working Group

Buying Patterns and Shifting Trends As could be expected in a vast region with different tradition and cultures such as the EU, unique trends in buying patterns may be found in particular countries, as well as some common trends across the board. In most countries, there are growing concerns about skin cancer and exposure to harmful rays that has led to the growing use of sun care

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