By Laila Zafarawi-Tamer, New Scientist November 10, 2019 06:10:52A new study by the University of Michigan shows that the beauty industry has a declining population, and that we’re not even sure how to save it.
For the first time, researchers from the university’s Institute for Advanced Study (IAS) have examined the health and longevity of more than 1,500 cosmetics brands in the United States.
The findings are being published in the prestigious journal PLOS One.
Their findings, which focus on cosmetics with the highest number of deaths in their lifetime, also suggest that there are very few cosmetic brands that could be saved from the industry’s decline.
The study has two major findings: First, the cosmetics industry is in decline, while people in the US are living longer and healthier.
Second, the majority of cosmetics products in the market are not being used.
“If you look at the market, the number of cosmetics companies has been declining for decades, but that’s because they don’t produce anything anymore.
People are living better, but the beauty products are still being produced,” says lead author Mark Waddington, an assistant professor of sociology at IAS.
In the US, cosmetic products account for over half the cosmetics market, accounting for $4.6 billion in revenue in 2019.
The industry is experiencing its worst year since at least 2000, when it lost $1.3 billion.
Waddington says the trends in the industry are clear: more people are being treated for skin conditions such as eczema and psoriasis, and there are more people working in the cosmetic industry.
Even in the beauty market, there are challenges, such as increasing numbers of people in jobs that don’t require many hours of work, and more people using prescription and over-the-counter drugs for skin ailments.
What we’re doing, in fact, is trying to figure out how to change the makeup and how to do more skin care,” he says.
There are still more than 40 cosmetic brands in existence in the world. “
There are things that we can do to help, but there’s still a lot of work to do to save the industry, to reduce the number, to lower the costs,” he tells New Scientist.
There are still more than 40 cosmetic brands in existence in the world.
Waddickson says the study only looked at cosmetic products, but it suggests that many of these companies are producing cosmetic products with the wrong ingredients, and potentially damaging the environment.
It’s a trend that’s been around for decades: people use the wrong products to treat their skin problems, so manufacturers of the cosmetics end up using the wrong chemicals, he says, and end up making more toxic ingredients.
One of the most promising strategies to tackle the cosmetics problem is to encourage people to switch to more environmentally friendly products, Waddinson says.
However, as the study shows, there’s a lot we don’t know about how to tackle this industry’s problems, and so it is not yet clear if the cosmetic market can be saved.
For the past several decades, the cosmetic manufacturing industry has been a global industry.
The US is the world’s biggest consumer of cosmetics, accounting to $1 billion in spending on cosmetics each year.
However, the global cosmetics market is expected to contract by more than $60 billion by 2020, according to the UN.
The world’s second largest economy has a GDP of $11.2 trillion and accounts for a third of the world economy.
The United States, a key player in the global cosmetic industry, has been hit hard by the recession and is expected, by 2020 at the latest, to have a GDP that’s $6 trillion less than it was in 2019, according the UN’s Food and Agriculture Organization (FAO).
Wendington says that it’s important that cosmetics companies understand that they are at the mercy of a small, elite group of people, who can change their minds and make cosmetic products cheaper.
That’s one of the reasons, he explains, that companies like Lancôme, MAC Cosmetics and Guerlain need to keep improving their products.
This research, he argues, is only the beginning.
“We need to get people in there who have these skills to be able to actually do the work of making these cosmetic products better,” he told New Scientist, adding that companies need to use their market power to create a more sustainable environment.