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According to the Freedonia Group, an international business research group that produces industry analyses, US cosmetic and toiletry industry is a $5.9 billion dollar per year industry.
That includes the products consumers reach for on drugstore shelves and in cosmetics boutiques and departments, as well as the small businesses and multi-national corporations that support and produce those cosmetics and toiletries.
Freedonia predicts that
US cosmetic and toiletry chemical demand will grow 5.4 percent annually through 2010.
Sales are driven by an aging and increasingly ethnically diverse population. Consumer desires to offset the effects of aging, and preferences for "natural" and "green" products also push demand.
