Have you ever wanted to help others improve their appearance? Venturing into the cosmetics industry by offering innovative beauty products is a potentially high profit business concept. Not only are there minimal government regulations involved, it’s an industry with growing opportunities. One of the areas with rising demand is Skin Care manufacturing.
How Big Is the Industry?
The U.S. cosmetics industry is estimated to be worth over $60 billion in 2016, according to Business Insider and Statista data. The industry employs over 60,000 people in the United States, the world’s largest market for cosmetic products. Skin Care makes up the biggest share of sales at 27%, followed by Hair Care and Make-Up at 20%.
Ideas for Skin Care
Skin Care is a diverse segment of beauty products, comprising facial and anti-aging solutions, along with skin moisturizers, cleansers and anti-acne products. Studies show that women regularly buy Skin Care products priced at $200 or more, since they help preserve a youthful appearance.
GCI Magazine reported in October 2016 that probiotic Skin Care is an emerging successful trend. Live probiotic microbes have proven to improve skin firmness within a month and are much more effective than probiotic extracts. Airless glass packaging and formula without preservatives have also played a role.
Meeting FDA Requirements
The Food and Drug Administration oversees the cosmetics industry, as marketers and manufacturers must be compliant with Chapter VI of the Food, Drug and Cosmetic Act. Since the FDA does not have the resources to police beauty products, it does not issue many regulations, but the agency can call for a recall in response to consumer complaints.
Your main responsibility is to make sure you test your product for safety. The packaging must also protect the product from contaminants and degradation. You must list color additives and other product information on the package. None of this information can be misleading or the FDA may penalize your product as “misbranded.” You must also comply with ISO’s international standards. Canada and the European Union have much stricter regulations.
How to Get Started
If you have an interest in pursuing a startup business in the cosmetics industry, contact Healthy Solutions to learn more about getting your enterprise off the ground. We offer extensive manufacturing capabilities for Skin Care and other beauty products. Partnering with us will allow you to work with expert formulators and chemists, who can assure high quality products.