Data For: counterfeit cosmetics
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Counterfeit Cosmetics Market Value: $3.0 Billion
Counterfeit Cosmetics is the buying and selling of cosmetic products that are unauthorized to be selling as a particular brand name.
Losses caused by counterfeit cosmetics exceed $3 billion.
Source: Anti-Counterfeiting Group, “The Extent of Counterfeiting,” 2004, (Path: Essential Information: The Extent of Counterfeiting), (last accessed: February 2, 2006).
Counterfeit losses of different industries in UAE
According to a report by KPMG, the following are losses due to counterfeiting that occur in the United Arab Emirates.
- Food and Beverage: $9.5 Million
- Cigarettes: $15.49 Million
- Household Products: $3.4 Million
- Auto Parts: $476.8 Million
- Pharmaceutical Drugs: $1.3 Million
- Cosmetics: $37.7 Million
Total losses to counterfeit goods based on these products: $544.1 Million.
Counterfeit Cosmetics seizures in Europe
In 2006, the European Union seized 1.6 Million units of counterfeit cosmetics and personal care products at its borders.
Fake cosmetics seizures up 264 percent in 2007 at EU borders
Source: AP, “EU concerned by surge in imports of counterfeit drugs, toys, cosmetics,” International Herald Tribune, May 19, 2008.
10 percent of French cosmetics sold is counterfeit
Source: Bloomberg, “Counterfeiters costing firms millions,” Taipei Times, January 28, 2005, (accessed: October 13, 2005).
$210 million value of counterfeit cosmetics in Gulf Region
The counterfeit cosmetics market in the Gulf Region is estimated to be worth $210 million.
Source: Jay Hilton, “Fake cosmetics business swells to $210m in Gulf,” gulfnews.com, November 5, 2006, (accessed: November 6, 2006).
Half of all perfumes and cosmetics sold in Russia are fake
50 percent of all perfumes and cosmetics sold in Russia are counterfeit products, according to deputy minister of economic development and trade back in 2003.
Source: “Counterfeit cosmetics challenge market,” Cosmetics Design, November 28, 2003.
