Personal Care and Cosmetics

Cosmetic and Personal Care industry highlights

The Cosmetic and Personal Care Product Manufacturing industry has posted strong growth over the past decade. The revenue for the U.S. cosmetic industry is estimated to amount to $62.46 billion in 2016.  More than 11 billion personal care products are sold each year in the U.S. China has become one of the largest cosmetics markets in the world and ranks first in Asia. Industry revenue has been growing at an annualized rate of 12.2% from 2010 through 2015, to an estimated $19.9 billion. Over the next five years through 2020, industry revenue is forecast to grow 3.4% annually, to total $23.6 billion.

Cosmetics development growth in organic products is also noticeable. The global market for organic personal care products will to be worth approximately $15.98 billion by 2020, reflecting annual growth rates of between 9% and 10% across Europe, North America and the Asia Pacific regions.

 

Key factors in Cosmetics development

Cosmetics development ever complex and driven by trends, is supported by  an effective NPD process. Time to market, collaboration, product information and product traceability are key success factors to optimize in cosmetics development.

0
billion
personal care products sold each year in the U.S.
0
billion
China industry revenue
0
to10 %
annual growth rate across Europe, North America and Asia

Personal care and cosmetics challenges

Personal care companies face a myriad of challenges. To lead competition, personal care and cosmetics professionals need to be extremely aware of new trends and boost their cosmetics development and innovation processes.

The cosmetics industry is also facing extreme regulatory compliance expectances. Local and global regulations are stricter than ever.  Compliance with new regulations needs to be easily and quickly accesable.

Short product lifecycles, fast-evolving trends, patent-protected applications, formidable competition for market share, new technology evolutions and high costs for complex chemistries and scientifically based innovations are other challenges to handle when in personal care products management.

The ability to succeed in a crowded marketplace depends on new product innovation, effective formulation and testing new attributes to differentiate products.

Cosmetics product management from design to launch as well as cosmetics development are key in the industry. It is essential to benefit from an optimized personal care product management.

In this competitive and dynamic sector, personal care companies are being pressed to:

  • Release new and innovative products to build market shares
  • Optimize formula and packaging to minimize costs in cosmetics development
  • Comply with multiple regulatory environments to open new markets
  • Automate generation of ingredients statements to improve personal care products development
  • Streamline supplier collaboration to reduce time to market in personal care products management

Lascom's solution for personal care product management

Lascom provides a Product Lifecycle Management (PLM) solution to assist personal care and cosmetics organizations with these issues. Through Lascom’s platform use, companies are able to:

  • Offer new products and improve market share
  • Better manage their products portfolio, replace technical files and add workflows to enhance updates
  • Optimize product formulation and automatically generate ingredients statement, allergens and claims
  • Improve packaging development processes through streamlined collaboration with agencies and an efficient artwork assistant
  • Be in compliance with local and global regulations and ensure product traceability

Benefits for personal care and cosmetics industries

Success Stories

  • Bolthouse Farms

    Bolthouse Farms

    Bolthouse Farms is North America’s market share leader in growing and distributing fresh-cut carrots and offers ‘all things carrot’, including... Read more »
    Read more
  • Maple Lodge

    Maple Lodge

    Maple Lodge Farms increases productivity, shortens product development cycles, and reduces risk with Lascom CPG Solution Maple Lodge Farms (MLF)... Read more »
    Read more
  • Poultry leader

    Poultry leader

    France’s largest chicken products and chicken based products processor and distributor, employs more than 16 000 people all around the... Read more »
    Read more
  • Artenay Bars

    Artenay Bars

    Artenay Bars is the leading French manufacturer of cereal bars and muesli in the private label market. The company has an... Read more »
    Read more
  • Yoplait

    Yoplait

    Lascom solution helps YOPLAIT achieve faster product development times Dairy manufacturer Yoplait selects Lascom's CPG Solution to reduce product development... Read more »
    Read more
  • LACTALIS

    LACTALIS

    To meet new food regulations and increase productivity CPG solution from Lascom helps Lactalis meet new food regulations and increase... Read more »
    Read more
  • Bolthouse Farms
  • Maple Lodge
  • Poultry leader
  • Artenay Bars
  • Yoplait
  • LACTALIS