CONSUMERS’ HUNGER FOR INNOVATION DRIVES AUSTRALIAN PERSONAL CARE PRODUCT GROWTH
September 1st, 2017
THE AUSTRALIAN cosmetic and toiletry retailing market has experienced modest growth amidst fierce competition over the past decade, figures reveal, with a constant stream of new products, many environmentally conscious, maintaining consumer interest in an otherwise saturated market.
According to California-based market research company IBISWorld, more than 18,000 people work in almost 4,000 businesses in the cosmetics industry in Australia, a country of more than 24 million people. The annual growth of the market between 2012 and 2017 at 2.6% has been steady and ...
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