A Study of the European Cosmetics Industry.pdfVIP

Executive Summary - November 2007 A Study of the European Cosmetics Industry Executive Summary Prepared for: European Commission, Directorate General for Enterprise and Industry Prepared by: Global Insight, Inc. November 2007 Executive Summary - November 2007 Contact Information Emilio Rossi Managing Director Business Planning Solutions, Europe Global Insight, Italy srl. Via S. Maria Segreta 6 20123 Milan +3902 8648 130 emilio.rossi@ Antonia Prlic Principal 1 Adelaide Street East Suite 2505, P.O. Box 198 Toronto, Ontario, M5C 2V9 Canada +1 416 682-7312 antonia.prlic@ Robert Hoffman Senior Consultant 1 Adelaide Street East Suite 2505, P.O. Box 198 Toronto, Ontario, M5C 2V9 Canada +1 416 682-7311 robert.hoffman@ Executive Summary - November 2007 I. Broad Market Study An overview of the broad cosmetics industry also referred to as the cosmetics and toiletries CT industry in the EU, Japan, China, and the U.S. reveals that Europes market size is almost as large as the U.S. and Japan combined, due to its large population. In 2006, the U.S. cosmetics market was €38.2 billion, while Japans was €23.7 billion and Chinas €8.2 billion. The total EU27 cosmetics market was valued at €63.5 billion in 2006. Among the EU countries, Germany has the largest cosmetics market, valued at €11.7 billion, followed by France €10.4 billion , the U.K. €10 billion , Italy €8.8 billion , and Spain €7.4 billion . Europe, U.S., China, Japan CT Market Sizes, Retail Sales Price, 2006, Total market €136.2 billion Switzerland, 1.6, 1% Norway, 1.0, 1% EU12, 5.9, 4% China, 8.2, 6% EU15, 57.6, 43% Japan, 23.7, 17% US, 38.2, 28% Source: Euromonitor, COLIPA Statistics Working Group Per Capita Spending The average EU27 per capita cosmetics spending is €128 per year. Denmark and Sweden have the highest consumption of cosmetic products