Beauty Products Production

BARRIERS TO ENTRY
High barriers to entry mean that new companies struggle to enter an industry, while low barriers mean it is easy for new companies to enter an industry.

CAPITAL INTENSITY
Compares the amount of money spent on capital (plant, machinery and equipment) with that spent on labor. M-Ysland LLC uses the ratio of depreciation to wages as a proxy for capital intensity. High capital intensity is more than $ 0.333 of capital to $ 1 of labor; medium is $ 0.125 to $ 0.333 of capital to $1 of labor; low is less than $ 0.125 of capital for every $ 1 of labor.

CONSTANT PRICES
The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using the current year (i.e. year published) as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving
only the "real" growth or decline in industry metrics. The inflation adjustments in M-Ysland LLC`s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.

DOMESTIC DEMAND
Spending on industry goods and services within the United States, regardless of their country of origin. It is derived by adding imports to industry revenue, and then subtracting exports.

EMPLOYMENT
The number of permanent, part-time, temporary and seasonal employees, working proprietors, partners, managers and executives within the industry.

COSMETIC
A product used for cleansing, beautifying, promoting attractiveness or altering the appearance.

DIRECT SALES
The marketing and selling of products directly to consumers in a location other than a store or other fixed retail site.

PARABEN
A chemical used widely in cosmetics as a product preservative. Recent research has linked parabens to cancer.

PREMIUMIZATION
A trend in which companies attempt to increase revenue by offering more enhanced, value-added products, often at a higher price to consumers.

SOCIAL MEDIA INFLUENCER
An individual with a large following on social media who has established credibility in a specific industry. Social media influencers often work with brands to promote products.

A rising number of middle-aged people has provided an opportunity for developments in antiaging and luxury products. Moreover, rising consumer spending during most of the period has contributed to demand for luxury and discretionary products, particularly for products with beneficial ingredients. Increasing awareness of innovative, inclusive, technical and sustainable products has been the trend for consumers during the current period. As disposable income has increased, consumers have had more flexibility to purchase discretionary industry products. Additionally, exports have supported revenue growth, with the exception of 2020, with exports primarily destined for
Canada, China, the United Kingdom and Mexico. Aided by social media marketing and increased demand for US-made products, online businesses, such as Glossier Inc., have been especially well-positioned to reach consumers internationally.