Cosmetic and Toiletry Retailing in Australia Industry Market Research Report Now Updated by IBISWorld
Melbourne, Australia (PRWEB) July 25, 2013 -- The Australian Cosmetic and Toiletry Retailing industry is involved in the sale of thousands of cosmetic and toiletry brands. The industry has grown modestly over the past decade, boosted by healthy household consumption expenditure on cosmetics, perfumes, soap products and other toiletries. Industry performance is increasingly influenced by intensifying competitive pressures, both within the industry and from a growing number of external competitors.
In 2013-14, the industry is expected to post growth of 2.9% bringing industry revenue up to an estimated $3.6 billion. This compares with revenue of $3.1 billion in 2008-09, equating to annualised growth of 3.2% over the past five years. Growth in 2013-14 is expected to be marginally below this average as the weaker economic environment, due to the lingering effects of the economic crisis, may mean cosmetic and toiletry retailers will need to cater to consumer desires for functionality and value. IBISWorld industry analyst Arna Richardson states “having successfully evolved in line with changing consumer preferences, including the growing demand for environmentally ethical products, the industry is expected to continue to grow at a modest pace over the next five years.” Technological advances will remain a key driving force, as will the willingness of Australian consumers to buy an increasing range of complex formulated products and green products, which are expected to become more mainstream. According to Richardson, “continued development of fusion and eco-friendly lines will help stimulate demand for industry products.” Furthermore, changing community attitudes to skin care and holistic wellness are likely to spur demand.
With roughly 2,915 establishments, the Cosmetic and Toiletry Retailing industry has a low level of market share concentration. Australian Pharmaceutical Industries Limited is the only company in the industry that can be considered a major player. This is despite the existence of franchise and corporate chains, such as the Body Shop. This level of concentration has remained relatively unchanged over the five years through 2013-14. Again this is despite efforts by existing and new players to roll out stores on a nation wide basis. For more information, visit IBISWorld’s Cosmetic and Toiletry Retailing report in Australia industry page.
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IBISWorld industry Report Key Topics
Retailers in this industry sell cosmetics, perfumes, toiletries and personal grooming products. Industry retailers include specialty cosmetics stores, perfume and fragrance stores and beauty supply stores.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
Gavin Smith, IBISWorld, 310-490-5973, [email protected]
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