As people are becoming more conscious of their fitness and appearance, the demand for health and beauty products is also growing. According to the estimates on health care expenditure provided by the UK Office for National Statistics (ONS), people spent 7.7% of the Gross Domestic Product (GDP) on health products in 2002, which rose to 8.4% in 2006. Other statistics, collected from different sources, reveal some interesting worldwide facts about the consumption of health and beauty products:
* The worldwide sales of cosmetics exceed by $200 billion annually!
* The US alone constitutes 25% of the global market.
* After the US, the next three largest markets for toiletries are France, Germany and the United Kingdom!
* 90% of the girls above the age of 14 regularly use cosmetics!
* In 2003, men spent $16 billion on toiletries worldwide!
Health and Beauty Products: Demand for Supplements
If you pay attention to your daily nutritional requirements, you cannot ignore the importance of dietary supplements and nutrients in your daily meal planning chart. According to the reports provided by the Medica Global Healthcare Marketplace of the UK, the VMS (Vitamins, minerals and supplements) market size is growing at the rate of 2% annually. By 2011, this market is expected to amount to a total value of $868 million!
The aforementioned facts highlight the increasing demand for health and beauty products among people of all ages and cultures. As people become more aware of their health and fitness, they focus more on products that are natural in their composition.
Health and Beauty Products Range
Health and beauty products encompass every thing that an average person requires to lead a better daily life. These products may include:
* Skin care products, such as, moisturizers, lotions, fairness creams, anti aging, sun screen and many more.
* Hair care range including serums, oils, shampoos as well as tonics to improve the health of hair.
* Make-up items, including foundation, lipsticks, blushers and a lot more.
* Toiletries, such as soaps, talc, face wash, shampoo, perfumes and so on.
* Medicines for problematic conditions, such as acne, constipation, piles, diarrhoea, head lice, dandruff and hair loss.
* Medicines for health problems, such as fever, allergy, cough, cold, digestion, pain, insomnia and drug addictions.