Cosmetics Businesses in New Mexico

New Mexico’s beauty and cosmetics industry is a vibrant and growing sector that is making a significant contribution to the state’s economy while also prioritizing sustainability and adhering to strict regulations.

Green Practices and Sustainability

In New Mexico, as in other parts of the world, there is a growing trend towards sustainable alternatives for manufacturing, packaging, and delivering cosmetic products. Many companies in New Mexico are embracing eco-friendly practices, such as using renewable energy sources, reducing waste, and using biodegradable materials. Some cosmetic brands in the state are even going beyond the basics by sourcing ingredients from local, organic farms and implementing circular business models.

Cosmetic Regulations

New Mexico’s cosmetic industry is regulated by the New Mexico Statutes Chapter 26. Drugs and Cosmetics. This chapter sets out the requirements for the manufacturing, labeling, and sale of cosmetics in the state. It also outlines the responsibilities of cosmetics manufacturers and retailers in ensuring the safety and quality of their products.

Economic Impact

The cosmetics industry has played a significant role in bolstering the economy of New Mexico. According to the Personal Care Products Council, the cosmetics industry in New Mexico employed over 4,000 people and generated over $400 million in economic activity in 2019. The industry also attracts foreign direct investment and contributes to the state’s export activities through the production and export of cosmetics products.

New Mexico’s beauty and cosmetics industry is a dynamic and important sector that is committed to sustainability, regulatory compliance, and economic growth. Through the adoption of green practices, strict regulation, and significant economic contributions, the industry is making a positive impact on the state.