According to BCC Research, the total global cosmetic and toiletry ingredients market value is expected to reach $24.5 billion in 2018 after increasing at a five year (CAGR) of 4.6%.
For the first time since 1970, in 2013 the cosmetics industry saw an update to EU regulation which sparked widespread cultural change across the market. The urgency to comply and understand the regulation at hand became a priority as the prospect of noncompliance threatened, and still threatens, costly consequences.
Cosmetics IQ spoke to a selection of cosmetic professionals on their biggest compliance hurdles in regards to EU regulation. These individuals included heads
of regulatory affairs, senior compliance figures from cosmetic brands, brand owners as well as formulators.
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