Trends towards a personalized and user-centric consumer approach have begun to affect many different industries, including pharmaceutical manufacturing. Although it’s not a new phenomenon, the use of biotechnology, which involves genetic manipulation for industrial purposes, is being integrated on a larger scale in a variety of manufacturing industries.
Pharmaceutical and cosmetic production has always been intricately linked, but as new advancements are introduced, the boundaries between the two have become more blended. The cosmetics market in Canada is projected to reach approximately $15.8 billion USD in the next three years, meaning there is plenty of opportunity for a successful career for pharmaceutical students. Read on for more information about working in cosmetic manufacturing.
Cosmetic Adoption of Biotechnology Advancements
The use of pharmaceuticals and biotechnology to influence product innovation is not a new concept in the cosmetics industry. While the most popular “cosmeceutical” is Botox, cosmetic companies aim to create more and more sophisticated products to meet consumer demand, and this means an increase in funding of research and development as well as pharmaceutical manufacturing technology.
An increase in GDP per capita, an aging population and better-quality products have driven the cosmetics industry to non-traditional methods and solutions. This often means involving emerging biotechnology to customize and enhance the consumer’s experience. L’Oréal, for instance, has partnered with biotech companies to produce 3D printed skin for product testing, as well as plant-derived stem cells as a skincare ingredient. In order to take advantage of new technologies, however, the cosmetics industry will place more emphasis on research, which in turn means more job opportunities for pharmaceutical students.
‘Natural’ Demand and Pharmaceutical Manufacturing Technology
A new consumer market for the beauty and cosmetics industry is on the rise, increasing demand for more natural materials. Concerns about pollution, chemicals and manufacturing methods means that there is more subsequent emphasis on products manufactured with recognizable ingredients.
While increasing pressure from consumers has created a natural demand, there is also a growing trend towards personalized cosmetics. Biological aspects such as height and skin type are playing a larger role in how cosmetics are produced and tailored to consumers, and biotechnological materials are being introduced to allow for a customized final product. This not only adds a new dimension to how cosmetic companies manufacture their products to individual consumers, but involves a larger pharmaceutical role as well, making pharmaceutical manufacturing courses a promising advantage to begin a cosmetics career.
Future Projections and Industry Outlook
Along with a rising global economy and disposable income, the cosmetics industry in Canada is on track to become the fourth top consumption zone after real estate, cars and tourism. Although the cosmetics industry covers a variety of products, skincare comprises a majority of the cosmeceutical market, and provides for much of the pharmaceutical research.
A focus on organic or natural products indicates that more emphasis will be placed on biotechnological advancements. Although the trial periods of regulations and safety compliance must be accounted for, there is still ample opportunity for growth as the beauty industry continues to integrate more scientific innovations.
Are you ready to begin a cosmetic career with a pharmaceutical manufacturing diploma?
Contact the Toronto Institute of Pharmaceutical Technology for more information.