While many areas of the economy of still mired in the recession, it looks the the cosmetic industry is finally shaking it off. After modest growth in 2010, the first quarter of 2011 has seen sales rise nearly 5%.
That is the news out of a recent market research report put out by the SymphonyIRI group.
On a day-to-day basis, this kind of news is not relevant to cosmetic chemists but if you are just starting out and looking to get into the industry, improved sales figures can only be a positive thing. Greater sales will equal an increase in hiring, so you will have many more options when looking for a job.
Greater sales will also inspire companies to invest more in innovation and forward looking projects. This is another good thing for cosmetic chemists. There is nothing worse than being employed as a cosmetic formulator who has to focus on changing colors and fragrances of products rather than inventing new, superior performing formulations.
Hopefully, this trend will continue.