Fifteen associations from five continents launch the first official international network of cosmetics clusters, Global Cosmetics Cluster, a gateway to internationalization for SMEs.
Some 15 national cosmetics and fragrance clusters and associations announced the official launch of the Global Cosmetics Cluster, the worldwide network representing the entire beauty industry value chain: ingredients, formulation, manufacturing, packaging, finished products, distribution and logistics, engineering/machinery tools, assembly lines, testing and analysis/quality control, services, research and training.
The industry was valued at $380.2 billion in 2019 and is expected to reach $463.5 billion by 2027. The growth of the cosmetics market is driven by the increasing awareness of the importance of beauty and wellness among the female population and the attractiveness of the industry to female entrepreneurs and workforce. The beauty market is innovative, dynamic and progressive, contributing to the improvement of lifestyle, in addition to being aided by a steadily increasing per capita income in emerging countries1.
The new entity includes 15 founding members, representing more than 3,700 companies on five continents. The new association's board of directors is chaired by Cosmetic Valley (France), with Beauty Cluster (Spain) as treasurer and Canadian Cosmetics Cluster as secretary, and completed by Cosmetics Cluster UK.
According to Marc-Antoine Jamet, President of Cosmetic Valley: "Global Cosmetics Cluster was initiated and launched by Cosmetic Valley in 2016 to federate our strengths and resources, share best practices in cosmetics and work on joint projects. And this process will be all the more important in the context of the health crisis that brings new challenges, promoting a new balance of power in the cosmetics sector globally, with new competitors, but also new opportunities. The challenges are difficult to overcome. We must face them together. "Global Cosmetics Clusters was set up to empower each of its members and make us collectively stronger. I am very tempted to quote Henry Ford, the emblematic figure of a previous industrial revolution who said: coming together is a beginning, staying together is progress, working together is success. Let's work together and strengthen our cooperation!"
In 2019, its members decided to structure themselves into working groups with the goal of becoming an official association, which has now been fully realized. In 2020, a new branch, Global Cosmetics Cluster-Europe, was created with the support of the European Commission's COSME program.
The goal of the new meta cluster is to increase international collaboration, both for business and for research and innovation projects, by creating networking and partnership opportunities, thus helping its members to grow.
