Survey being conducted by the Jamaica Business Development Corporation

Persons operating in the cosmeceutical industry, as well as those with an interest in that business, have until the end of today (May 13) to participate in Jamaica’s Cosmeceutical Industry Survey.

Individuals in the sector are invited to participate in the survey being conducted by the Jamaica Business Development Corporation (JBDC), which is the Government of Jamaica’s business development agency that assists in the sustainable creation and development of the micro, small and medium-sized enterprises (MSMEs) in the country.

The survey is available online via the JBDC’s website at www.jbdc.net and on all its social media pages. Persons may also complete a hard copy at any of the JBDC locations islandwide.

PART OF A SCOPING EXERCISE

The questionnaire comprises nine sections, and estimated completion time is 10 to 15 minutes depending on the details of the business.

Amanda McKenzie, project manager in the Project Management and Research Department at the JBDC, told the Jamaica Information Service that the survey was part of a scoping exercise being undertaken by the JBDC.

It will serve as a guide to developing a framework to further support to MSMEs in the  country.

According to McKenzie, “the information gathered will be shared with stakeholders and partners who are currently supporting or are keen on supporting the growth of the industry”.

She added: “We are interested in identifying the needs of the cosmeceutical manufacturers as well as responding to those needs.”

She pointed out that, globally, the cosmeceutical industry is growing, with the projected growth moving from US$54.7 billion in 2022 to US$96.23 billion by 2029. This she said is also reflected locally, as there is an upward trend in the demand for natural products by consumers as well as an increase in the number of producers entering the industry.