Ethnic Health & Beauty Care Products To Near $1.9 Billion In 2006.

Health and beauty care products specifically formulated for the growing American ethnic populations present immense potential for major marketers in the HBC arena. According to The U.S. Market for Ethnic HBC: Hair Care, Skin Care, Color Cosmetics, a newly published Packaged Facts report available at MarketResearch.com, the size of both the Hispanic and Asian American population segments will increase over 30% between 2001 and 2010, and the African American population will increase 12% in the same time period. This tremendous growth of minority populations within the United States will inevitably create greater demand for hair care, skin care and cosmetics products that address the needs and desires of a
diverse population.

Major marketers within the HBC industry are looking to the ethnic product arena as a new source of potential income within what has traditionally been a very stable and mature HBC market. As large corporations have entered the ethnic niche, the resources devoted to research and development for products specifically designed for minority populations has exploded, bringing a flood of new products into the marketplace.

“The market for ethnic health and beauty care products is projected to grow by almost four percent in the next 5 years,” said Meg Hargreaves, VP of Research Publishing for MarketResearch.com. “Compared to the very flat growth rates we historically see in the health and beauty care sector, this sort of expansion is extraordinary.”

The U.S. Market for Ethnic HBC provides detailed information about consumer demographics, as well as distribution and marketing trends, product development, and emerging promotional campaigns. The report also includes historical sales data, as well as market projections through the year 2006.

For additional information at http://www.MarketResearch.com

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