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NAICS Code 424210-02 Description (8-Digit)

The Cosmetics (Wholesale) industry involves the distribution of cosmetic products to various retailers, such as drug stores, department stores, and specialty cosmetic stores. These products can include makeup, skincare, haircare, and fragrance items. The industry is responsible for providing a wide range of cosmetic products to retailers, allowing them to offer a diverse selection to their customers.

Hierarchy Navigation for NAICS Code 424210-02

Tools

Tools commonly used in the Cosmetics (Wholesale) industry for day-to-day tasks and operations.

  • Cosmetic spatulas
  • Cosmetic brushes
  • Cosmetic sponges
  • Cosmetic applicators
  • Cosmetic mixing palettes
  • Cosmetic airbrushes
  • Cosmetic tweezers
  • Cosmetic scissors
  • Cosmetic mirrors
  • Cosmetic organizers

Industry Examples of Cosmetics (Wholesale)

Common products and services typical of NAICS Code 424210-02, illustrating the main business activities and contributions to the market.

  • Lipstick shades
  • Anti-aging creams
  • Hair styling products
  • Nail polish colors
  • Facial cleansers
  • Perfume fragrances
  • Eye shadow palettes
  • Sunscreen lotions
  • Body lotions
  • Shampoo and conditioner sets

Certifications, Compliance and Licenses for NAICS Code 424210-02 - Cosmetics (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Good Manufacturing Practices (GMP): GMP certification ensures that the cosmetics are manufactured, packaged, and stored in a safe and hygienic manner. The certification is provided by the FDA.
  • Organic Certification: Organic certification ensures that the cosmetics are made from organic ingredients and are free from harmful chemicals. The certification is provided by the USDA.
  • Cruelty-Free Certification: Cruelty-free certification ensures that the cosmetics are not tested on animals. The certification is provided by organizations such as Leaping Bunny and PETA. and
  • FDA Registration: FDA registration is required for all cosmetic products sold in the US. It ensures that the products are safe for use and comply with FDA regulations.
  • Hazard Communication Standard (HCS) Compliance: HCS compliance ensures that the cosmetics are labeled with the appropriate warnings and safety information. The compliance is provided by OSHA.

History

A concise historical narrative of NAICS Code 424210-02 covering global milestones and recent developments within the United States.

  • The cosmetics industry has a long and rich history dating back to ancient civilizations such as Egypt, Greece, and Rome, where makeup and perfumes were used for religious ceremonies and social events. In the 20th century, the industry experienced significant growth with the introduction of new products such as lipstick, nail polish, and hair dye. The 1960s saw the rise of the youth culture and the demand for more natural and organic products. In recent years, the industry has been driven by technological advancements, such as the use of 3D printing for makeup and the development of smart beauty devices. In the United States, the cosmetics industry has been growing steadily, with a market size of over $93 billion in 2019. The industry has been driven by the increasing demand for natural and organic products, the rise of e-commerce, and the growing popularity of social media influencers.

Future Outlook for Cosmetics (Wholesale)

The anticipated future trajectory of the NAICS 424210-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The cosmetics wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for natural and organic products. The industry is also expected to benefit from the growing popularity of e-commerce platforms, which make it easier for wholesalers to reach a wider audience. Additionally, the industry is expected to benefit from the increasing demand for private label products, which offer higher margins for wholesalers. However, the industry may face challenges due to the increasing competition from retailers who are expanding their private label offerings and the growing trend of consumers buying directly from manufacturers. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424210-02

Recent groundbreaking advancements and milestones in the Cosmetics (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual Try-On Technology: With the increasing popularity of e-commerce, many cosmetics wholesalers are investing in virtual try-on technology that allows customers to try on makeup virtually before making a purchase. This technology is expected to improve the customer experience and increase sales.
  • Natural and Organic Products: Many cosmetics wholesalers are expanding their offerings to include natural and organic products due to the increasing demand for these products among consumers. This trend is expected to continue in the coming years.
  • Private Label Products: Private label products are becoming increasingly popular among cosmetics wholesalers as they offer higher margins and greater control over the product. Many wholesalers are investing in their own private label products to compete with established brands.
  • Sustainable Packaging: With the growing concern over the environmental impact of packaging, many cosmetics wholesalers are investing in sustainable packaging solutions. This includes using biodegradable materials and reducing the amount of packaging used.
  • Influencer Marketing: Many cosmetics wholesalers are partnering with social media influencers to promote their products. This is an effective way to reach a wider audience and increase brand awareness.

NAICS Code 424210-02 - Cosmetics (Wholesale)

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