Cosmetics Businesses in New York

New York’s beauty and cosmetics industry is a significant contributor to the state’s economy, with a growing focus on green practices and sustainability. The industry in New York City is home to numerous eco-friendly beauty brands that prioritize using natural and organic ingredients in their products. These brands are committed to reducing their carbon footprint and promoting ethical business practices.

One of the latest developments in New York’s cosmetics industry is the implementation of stricter regulations. On December 23, 2022, Governor Kathy Hochul signed into law a bill that prohibits the sale or any cosmetic product or personal care product containing mercury. The law amended section 37-0117 of the Environmental Conservation Law (ECL) and takes effect on June 1, 2023. This move is a significant step towards protecting public health and the environment from the harmful effects of mercury.

The cosmetics industry in New York has seen impressive growth in recent years, with an increase in industry size, employment, and its role in the broader U.S. market. According to the New York City Economic Development Corporation, the industry employs over 22,000 people in New York City alone, generating more than $1.5 billion in wages.

With the ongoing trend towards natural and organic products, as well as increasing consumer awareness of the importance of ethical business practices, the future of New York’s cosmetics industry looks bright. In conclusion, New York’s beauty and cosmetics industry is a significant player in the state’s economy, with a growing emphasis on sustainability and ethical business practices. Recent regulatory changes, such as the ban on mercury, demonstrate the industry’s commitment to protecting public health and the environment.

As consumer demand for natural and organic products continues to grow, the future of New York’s cosmetics industry looks promising.