At 3.4%, the annual personal care product industry will expand at a faster pace than the global GDP forecast of less than three percent.
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Boston, MA (PRWEB) September 22, 2013
Agein.com, the Internet’s premier anti-aging web site focusing on anti-aging tips, news, and advice from some of the foremost experts in the industry, is releasing its comments on the continued strong growth experienced in the personal care industry and the need to push for continued awareness regarding ethical cosmetic testing.
Like many markets, the cosmetics industry was negatively impacted by the recession in 2009. By 2011, however, the industry recovered as the global economy improved. According to the most recent data, the beauty care product industry is expected to experience a compound annual growth rate of 3.4% over the next few years; by 2017, the global personal care products industry will hit approximately $630 billion. (Source: “Top Five Global Personal Care Products Manufacturers: Performance, Strategies and Competitive Analysis,” Lucintel.com, December 2012; http://www.lucintel.com/reports/consumer_goods/top_five_global_personal_care_products_manufacturers_performance_strategies_and_competitive_analysis_december_2012.aspx.)
“At 3.4%, the annual personal care product industry will expand at a faster pace than the global GDP forecast of less than three percent,” says Laura Foreman, Agein.com’s Anti-Aging Life Coach. “While the personal care industry is about helping us look and feel better about ourselves, it might be surprising to learn that many countries continue to test their products on animals.”
Agein.com applauds individual countries for banning animal cruelty for beauty products. In June, India became the first country in South Asia to ban animal testing for cosmetic products, and the European Union recently issued a complete ban on the sale of cosmetics developed through animal testing, regardless of where they originate. That said, it’s important to be aware that animal testing is still carried out in Japan and the United States, and is a legal requirement in China. (Sources: “China edges closer to ending animal testing for cosmetics,” CosmeticsBusiness.com, July 18, 2013; http://www.cosmeticsbusiness.com/news/article_page/China_edges_closer_to_ending_animal_testing_for_cosmetics/90123, Singh, V., “India bans cruel animal testing for cosmetics, activists elated,” The Times of India web site, June 29, 2013; http://articles.timesofindia.indiatimes.com/2013-06-29/flora-fauna/40271084_1_humane-society-international-animal-testing-cruelty-free.)
“While the anti-aging experts at Agein.com have always believed it’s important to develop ethical personal care products, we maintain that advances in biology and testing methods now make it possible to replace animal testing,” Foreman concludes. “It’s important for consumers to only consider personal care companies that use the most up-to-date and reliable non-animal tests for their products.”
About Agein.com: The web site’s goal is to inspire and coach its readers to adapt an anti-aging lifestyle that suits their individual needs. Agein.com’s anti-aging experts will educate readers on diet, fitness, and skin care, and how all of these areas affect the way people look and feel. Agein.com also provides information on all of the latest advances in anti-aging research, the hottest anti-aging trends in Hollywood, and beauty tips from Laura Foreman, its expert Anti-Aging Life Coach. Agein.com will equip readers with all of the tools they need to make the right anti-aging lifestyle choices. To learn more about Agein Corporation, visit the company’s web site at http://www.Agein.com.