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comments| friends| groups by Sam Stein Member since: December 18, 2010 Cosmetic Manufacturing – The Great Cosmetics Conspiracy January 18, 2011 10:32 AM EST views: 8 Cosmetic Manufacturing – you’ve probably never considered it as a business because of the myriad of myths shrouding the industry. The cosmetic manufacturing industry is worth billions – more zeros than most of us could imagine – which is precisely why the multi-national cosmetic conglomerates are as happy as the proverbial pig in mud for their inner sanctums to be heavily shrouded in myths and misinformation.
Just to whet your appetite, the value of the cosmetics and toiletries market in Europe is around the $100 billion mark per annum, in USA $50 billion, and Japan $30 billion.
But that $180 billion isnt even scratching the surface – Asia, India, Africa, Middle East … how many zeros can you handle? Is it any surprise the big name brands dont want to share even the smallest slice of these massive pro?ts, buying out up their competitors to create giant global monopolies?
Maybe hard to imagine for the uninitiated, but when you look at the major players in this game (Procter Gamble, Unilever, L’Oreal to name a few), youll see theyre some of the largest, mega-wealthiest corporations in the world, with forever increasing growth. These companies guard their intellectual property – their formulations – ?ercely. Its their lifeblood – the fact that the formulas and manufacturing procedures, though relatively simple, are not common knowledge, and so many myths prevail, allows them to keep a strong stranglehold worldwide.
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From: (cosmetics industry) http://www.gather.com/viewArticle.action?articleId=281474978941902