Abstract

The perfumery and cosmetic industry of Ukraine is distinguished by its dynamic development and makes a significant contribution to the country's economy. Several types of economic activities are involved in its functioning, including the development, research, production and sale of perfumery and cosmetic products, as well as the provision of cosmetic services to the population. The economic activity of each sector in the chain of creation, production and sale of cosmetic products / services determines both their individual success and the efficiency of the entire system as a whole. In this regard, the systematization and analysis of the indicators of economic activity of enterprises of each type of activity of the national cosmetic industry is an urgent task, the solution of which will reasonably determine the prospects for both the further development of this industry and the export potential of the Ukrainian economy as a whole.
 The aim of this work was to conduct a comprehensive study of the dynamics of the main indicators of Ukrainian enterprises of perfumery, cosmetic and related industries economic activity for the period 2010–2019 and determination of their development trends. The available data of the State Statistics Service of Ukraine, the Patent Office of Ukraine, as well as a database of scientific and professional publications publications were used as materials and methods. Retrospective, logical, research methods, as well as the method of content analysis were used.
 The results of a comparative analysis of the main indicators of the economic activity of business entities in the studied industry made it possible to establish trends in the development of this sector of the economy and substantiate the patterns observed at the present stage.
 Conclusions. The results of the study indicate that the production potential of the perfumery and cosmetic industry in Ukraine is promising, as well as significant opportunities for further development of the trade in these products and the provision of cosmetic services to the population.

Highlights

  • The perfumery and cosmetics market is powerful and dynamic, driven by strong growth potential for consumption

  • The vector of the perfumery and cosmetic industry development is potentiated by its exceptional dynamism, due to the growth of global urbanization, qualitative changes in the labor market, an increase in the number of elderly citizens, an increase in the standard of living of the population, etc

  • The growth in the science intensity of the cosmetic industry is stimulated by its diversification into the pharmaceutical healthcare sector

Read more

Summary

Introduction

The perfumery and cosmetics market is powerful and dynamic, driven by strong growth potential for consumption. The global cosmetic market is one of the most profitable and in 2019 was estimated at 532 billion dollars [3]. The maximum growth of the global cosmetics market was recorded at 5.5 % in 2018. Scientists analyze aspects of the quality and safety of the PCP [9,10,11], the implementation of ISO quality standards into the cosmetic industry [12, 13]. The authors of the analyzed works study certain aspects of the cosmetic industry – economic, production, environmental and do not consider it as an integral system of inter-industry relations in the life cycle of cosmetic products. There is no methodology for studying the industry as a multifactorial sphere of the country’s economy, the patterns and prospects of inter-industry interaction are not considered

Objectives
Methods
Results
Discussion
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call