Cosmetic Science - Looking Behind the Formulations
Beauty is big business. You may snigger at the promises in cosmetic adverts but in reality the majority of cosmetic manufacturers take science very seriously. Procter and Gamble, the biggest consumer goods company in the world, invest $2bn yearly into research and development of consumer goods. L’Oréal, the biggest cosmetics company in the world, employ over 3,000 researchers around the globe and have a grant programme specifically designed to support female scientists. Science is at the heart of these companies, and it shows in their financial reports. They encourage and invest in scientists and research in the hope of making the next great breakthrough. The biggest areas of growth for the cosmetics industry are developing markets, male cosmetics and the ever-ageing world population. The L’Oreal annual report from 2010 estimates that the global cosmetics market is worth 144 billion Euros and of that, 32% is skincare. If these manufacturers could crack the science and inven