Welcome : Guest
  • Only Report Titles
  • Titles & Keywords

SKIN LIGHTENERS - A GLOBAL STRATEGIC BUSINESS REPORT   

Research Abstract

This report analyzes the worldwide markets for Skin Lighteners in US$ Million. The report provides separate comprehensive analytics for the US, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2018. The report profiles 112 companies including many key and niche players such as Beiersdorf AG, CavinKare Pvt. Ltd., Clarins SA, Dabur India Limited, E.T. Browne Drug Company, Inc., Elder Health Care Ltd., Emami Limited, Hindustan Unilever Ltd., Jolen, Inc., Kao Corporation, Kanebo Cosmetics, Inc., Shiseido Company Limited, and The Procter & Gamble Company. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs.

Code : MCP-6140
Price : $4500
Companies : 112
Pages : 217
Date : May 2013
Market Data Tables : 32
Status: * New Report

Complimentary Market Brief:


Request a Complimentary Copy of the Report Insights, Key Findings, Drivers, Trends, Program Sources, and Methodology.
Salutation:
First Name:
Last Name:
Email ID: (Domain Specific Email Required)
Company:
NOTE: Generic Email IDs such as AOL, Hotmail, Yahoo, Gmail, MSN etc. cannot be used

 TABLE OF CONTENTS

  SKIN LIGHTENERS (Complete Report) Pages : 217   | $4500
 
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS    
   Study Reliability and Reporting Limitations.....I-1  
   Disclaimers.....I-2
Data Interpretation & Reporting Level.....I-2
  
   Product Definitions and Scope of Study.....I-3  
II. EXECUTIVE SUMMARY52$2350
  1. MARKET OVERVIEW.....II-14 $595  
   Prospects Remain Bright for Skin Lightening Products.....II-1
Current & Future Analysis.....II-1
1$100
   Table 1: World Skin Lighteners Market (2013): Percentage Breakdown of Dollar Sales by Geographic Region/Country (includes corresponding Graph/Chart).....II-2

Table 2: World Skin Lighteners Market by Geographic Region/Country Ranked by CAGR for the Period 2010-2018 (includes corresponding Graph/Chart).....II-2
Culture & Ethnicity Define Growth Potential for Skin Lighteners.....II-2
1$350
   Skin Lightening Products Dominate the Asian Skin Care Market.....II-3
Table 3: Cosmetics Market Breakdown by Category for Select Regions Worldwide (2012): Percentage Breakdown of Value Sales for Premium and Mass Products for North America, sia, Oceania, Western Europe, Rest of Europe and Latin America (includes corresponding Graph/Chart).....II-3
1$350
   Global Growth in Skin Care Industry Levels Out.....II-4
Recession Impacts Skin Lightening Market.....II-4
1$100
  2. TRENDS AND ISSUES.....II-55 $495  
   Brands in Developed Markets Take a Leaf Out of their Eastern Counterparts.....II-5
Manufacturers Devise Distinct Strategies.....II-5
Total Body Whitening Products – Potential Area of Growth.....II-5
1$100
   Women No Longer the Sole Targets of Skincare Companies.....II-6
Anti-Aging Companies Shift Focus to Skin Lighteners Segment.....II-6
Demand for Skin Whitening Moves Beyond Asia.....II-6
Companies Capitalize on the Power of Internet.....II-6
1$100
   Table 4: World Internet User Distribution by Geographic Region: Percentage Breakdown of Number of Users for Asia and Rest of World for Years 2000, 2010 & 2020 (includes corresponding Graph/Chart).....II-7

Table 5: Penetration of Online Retailing in Sales of Beauty Care Products for Select Leading Countries: 2012 (includes corresponding Graph/Chart).....II-7
1$350
   Lax Regulations, Unsafe Ingredients – Major Areas of Concern.....II-8
Common Skin Lightening Ingredients by Mechanism of Skin Pigmentation
  Prevention.....II-8
1$100
   Demand for Innovative Ingredients on Rise.....II-9
Combination of Ingredients – An Apt Strategy to Achieve Best Results.....II-9
Natural Skin Lightening Ingredients – the Way Ahead.....II-9
1$100
  3. SKIN COLOR – PHYSIOLOGY & DISORDERS.....II-103 $295  
   Melanin – The Pigment of Skin Color.....II-10
Physiology Behind Skin Darkening.....II-10
Skin Pigmentation Disorders.....II-10
1$100
   Types of Skin Pigmentation Disorders.....II-11
Preventing Skin Pigmentation.....II-11
1$100
   Skin Lightening Treatments.....II-12
Sunscreen.....II-12
Topical Products.....II-12
Laser Treatments.....II-12
Combination Treatments.....II-12
1$100
  4. INTRODUCTION TO SKIN LIGHTENING/ WHITENING.....II-132 $200  
   The Quest for Fair/White Skin.....II-13
Skin Lightening/Whitening – An Introduction.....II-13
Applications of Skin Lighteners.....II-13
1$100
   Target Areas for Lightening/Whitening Products.....II-14
Skin Lightening Products – Functioning Mechanism.....II-14
1$100
  5. SKIN LIGHTENING INGREDIENTS – AN OVERVIEW.....II-1510 $595  
   Introduction to Skin Lightening Agents.....II-15
Major Skin Whitening/Lightening Actives.....II-15
Skin Whitening Ingredients of Select Companies.....II-15
2$200
   Issues with Select Actives in Skin Lighteners.....II-171$100
   Hydroquinone.....II-18
Restrictions on the Use of Hydroquinone.....II-18
Substitutes for Hydroquinone.....II-18
1$100
   Use of Mercury and the Issues Thereof.....II-191$100
   Regulations over Mercury Concentrations in Cosmetic Products in Select
  Countries.....II-20
Azelaic Acid.....II-20
Kojic Acid.....II-20
1$100
   Arbutin.....II-21
Alpha-Arbutin.....II-21
Beta-Arbutin (Bearberry Extract).....II-21
1$100
   Alpha Hydroxy Acids (AHAs).....II-22
Glycolic Acid.....II-22
Lactic Acid.....II-22
Vitamin C.....II-22
1$100
   Vitamin A (Retinol).....II-23
Glycyrrhetinic Acid.....II-23
Melanostat.....II-23
Licorice Extract.....II-23
1$100
   Vitamin B3 (Niacinamide).....II-24
Mulberry Extract.....II-24
Lemon Juice Extract.....II-24
Emblica.....II-24
1$100
  6. PRODUCT INNOVATIONS/INTRODUCTIONS.....II-2514 $950  
   KOSÉ to Introduce Medicated Skin Whitener Serum.....II-25
Ageless Derma Unveils Anti-Aging Intensive Skin Brightener.....II-25
Shiseido Unveils Permeation Evaluation Technology.....II-25
Relumins Labs Introduces New Range of Stem Cell-Based Skincare Products.....II-25
1$100
   Clarins Unveils White Plus Total Luminescent.....II-26
Jurlique Launches Essence of Rose Roll-on Fragrance Oil and Purely Bright Spot
  Treatment.....II-26
Belo-led ISCI Introduces Skin Whiteners Range.....II-26
1$100
   Ageless Derma Unveils Belides™ Skin-Lightening Cream.....II-27
KOSÉ to Introduce Cosme Decorte in Italy.....II-27
Dove Launches New Dove Ultimate White Deodorant for Underarms.....II-27
Jarrow Formulas Rolls Out Skin L&P Beauty Supplement.....II-27
Hindustan Unilever Unveils Lakmé Perfect Radiance Range.....II-27
1$100
   Vichy Laboratories Introduces Bi-White Med Deep Corrective Whitening Essence.....II-28
Dr Batra's Positive Health Clinic Launches New Skin Creams.....II-28
Prodigy Launches Advanced Skin Lightening Face Cream.....II-28
Lotus Herbals Launches WHITEGLOW™ Skin Whitening & Brightening Nourishing Night
  Crème.....II-28
1$100
   Merck Introduces New Skin Pigmentation Control Ingredients.....II-29
Lakmé Unveils Lakmé Perfect Radiance Intense Whitening Range.....II-29
1$100
   Sirona Biochem Discovers Novel De-pigmenting Agent.....II-30
Nuance-Watson (HK) Launches Talika's Light Duo from Talika.....II-30
Murad Unveils Rapid Age Spot and Pigment Lightening Serum.....II-30
CHEN IIL Unveils New Line of Night Time Skin Care Products.....II-30
Lotus Herbals Launches Eyes, Nails and Skin Products.....II-30
1$100
   Polyacer Cosmetics Introduces Array of BB and CC Creams.....II-31
Greyson International Unveils Trilexon Skin Brightener.....II-31
Bel Mondo Beauty Unveils Bio Cellulose Skin Lightener Mask.....II-31
Fenchem Biotek to Introduce Herbal Extract Formula in Asia-Pacific.....II-31
1$100
   Nubianblue Launches Range of Skin Whitening Creams.....II-32
Nivea India Unveils Modernized Deodorant “Whitening”.....II-32
Rovi Cosmetics International to launch UniTone.....II-32
Lotus Herbals Introduces WHITEGLOWTM Skin Lightening & Brightening Gel with SPF
  25.....II-32
Black Opal Launches New Fade Care Range.....II-32
1$100
   Pevonia Botanica International to Introduce Lumafirm™.....II-33
Lakmé Cosmetics S.L. Introduces Skin Lightening Range.....II-33
Unigen Introduces Anti-aging Skin Care Ingredient Nivitol.....II-33
1$100
   Laboratoires Serobiologiques Launches Radianskin for Skin Whitening.....II-34
Cosmetochem International Unveils Citrolumine 8.....II-34
Kao Expands Its EST Skin Care and Cosmetics Line.....II-34
Elder to Unveil Dermatology Product Line.....II-34
Syneron Medical Introduces Elure Topical Skin Whitening Products in Asia.....II-34
1$100
   Kracie Unveils Bihadasho Blemish Lightening Skin-Care Range.....II-35
Soliance to Intoduce Whitesphere Premium.....II-35
KOSÉ Unveils gHyalocharge Whiteh.....II-35
1$100
   La Prairie Expands Its Swiss Cellular White Range.....II-36
Yamasaki Re-launches La Sana Medicated Whitening.....II-36
Dabur Announces Release of Dabur Uveda.....II-36
Kao Unveils Cure Yakuyo Junshin Bihaku.....II-36
Nivea Introduces Nivea Visage Sparkling Glow.....II-36
1$100
   CavinKare Expands ‘Fairever’ Line with Fruit Variant.....II-37
Mary Kay Introduces PureWhite Range.....II-37
Skin 2 Skin Care Introduces Photoaging Repair Cream.....II-37
Intelligent Skin Care Launches New Range of Skin Whitening Products.....II-37
Elder Healthcare Introduces Fair One Plus Five.....II-37
1$100
   Wipro to Launch Fairness Cream.....II-38
Comvita Launches Manuka Honey-Based Skin Care Products.....II-38
Ambi Develops Soft and Even Skin Care Product Range.....II-38
1$100
  7. RECENT INDUSTRY ACTIVITY.....II-394 $295  
   Ageless Derma Selects BioWhite™ Skin Lightening Ingredient for Manufacture of Skin
  Brightener Cream.....II-39
L'Oreal to Expand Production in Japan.....II-39
Sirona Biochem Develops New Skin De-pigmenting Agents.....II-39
Statutory Authorities Shut Downs Botanic Aroma.....II-39
1$100
   TFChem Receives Aid from Government of France.....II-40
Intendis of Bayer HealthCare Takes Over NeoBenz® Micro and Desonate® from
  SkinMedica.....II-40
SkinMedica to License NYU Technology.....II-40
1$100
   Brunei Darussalam Bans Four Cosmetic Products.....II-41
White Beauty to Appoint Provincial Distributors.....II-41
Dabur India Acquires Stake in Fem Care.....II-41
1$100
   Syneron Inks an Agreement with Rakuto for Developing Skin Whitening Treatment.....II-42
Advantage Organic to Establish New Manufacturing Facility.....II-42
Himalaya Drug Company to Enter Retail Market.....II-42
Estee Lauder to Expand its Business Operations in India.....II-42
1$100
  8. FOCUS ON SELECT PLAYERS.....II-437 $595  
   Beiersdorf AG (Germany).....II-43
CavinKare Pvt. Ltd. (India).....II-43
1$100
   Clarins SA (France).....II-44
Dabur India Limited (India).....II-44
1$100
   E.T. Browne Drug Company, Inc. (US).....II-451$100
   Elder Health Care Ltd. (India).....II-46
Emami Limited (India).....II-46
1$100
   Hindustan Unilever Ltd (India).....II-47
Jolen, Inc. (US).....II-47
1$100
   Kao Corporation (Japan).....II-48
Kanebo Cosmetics, Inc. (Japan).....II-48
Shiseido Company Limited (Japan).....II-48
1$100
   The Procter & Gamble Company (US).....II-491$100
  9. GLOBAL MARKET PERSPECTIVE.....II-50   
   Table 6: World Recent Past, Current & Future Market Analysis for Skin Lighteners by Geographic Region - US, Japan, Europe, Asia-Pacific and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....II-501$350
   Table 7: World Historic Review for Skin Lighteners by Geographic Region - US, Japan, Europe, Asia-Pacific and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....II-511$350
   Table 8: World 15-Year Perspective for Skin Lighteners by Geographic Region - Percentage Breakdown of Dollar Sales for US, Japan, Europe, Asia-Pacific and Rest of World Markets for Years 2004, 2012 & 2018 (includes corresponding Graph/Chart).....II-521$350
III. MARKET65$2150
  1. THE UNITED STATES.....III-112 $950  
   A. Market Analysis.....III-1
Current & Future Analysis.....III-1
Skin Lightening Products Catch Attention in the US.....III-1
1$75
   Table 9: Leading Fade Cream Brands in the US (2009): Percentage Share Breakdown of Dollar Sales (includes corresponding Graph/Chart).....II-2
A Market Dominated by Minorities.....III-2
Asian Americans Drive Demand for Skin Lighteners in Current Settings.....III-2
1$200
   Increasing Sales of Men’s Skin Care Products.....III-3
Blemish Balms Attracts Attention.....III-3
1$75
   Restrictions on Use of Unsafe Ingredients.....III-4
Product Launches.....III-4
5$375
   Strategic Corporate Developments.....III-91$75
   Key Players.....III-102$150
   B. Market Analytics.....III-12
Table 10: US Recent Past, Current & Future Analysis for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....III-12

Table 11: US Historic Review for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....III-12
1$200
  2. JAPAN.....III-138 $595  
   A. Market Analysis.....III-13
Current & Future Analysis.....III-13
Slow Recovery in Economy Dents Growth in Skin Care Market.....III-13
Bihaku Whitening Products.....III-13
1$75
   Skin Lightening Ingredients in Japan.....III-141$75
   Competition.....III-15
Kanebo Cosmetics Eyes Global Markets.....III-15
Product Launches.....III-15
2$150
   Strategic Corporate Development.....III-17
Key Players.....III-17
2$150
   B. Market Analytics.....III-19
Table 12: Japanese Recent Past, Current & Future Analysis for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....III-19
1$200
   Table 13: Japanese Historic Review for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....III-201$200
  3. EUROPE.....III-219 $595  
   A. Market Analysis.....III-21
Outlook.....III-21
Overview of the European Skin Whitening Market.....III-21
An Insight into European Skin Whitening Agents Market.....III-21
1$75
   Ban on Hydroquinone Boosts Demand for Substitutes.....III-22
A Focus on the UK Market for Skin Lighteners.....III-22
Continued Availability of Hydroquinone-based Cosmetics Raises Concerns.....III-22
Product Launches.....III-22
3$225
   Strategic Corporate Developments.....III-251$75
   Key Players.....III-262$150
   B. Market Analytics.....III-28
Table 14: European Recent Past, Current & Future Analysis for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....III-28
1$200
   Table 15: European Historic Review for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....III-291$200
  4. ASIA-PACIFIC.....III-307 $950  
   A. Market Analysis.....III-30
Overview.....III-30
Asia - The Abode of Skin Whitening Products.....III-30
1$75
   Table 16: Asian Market for Skin Whitening Products (2012): Percentage Share of Number of Facial Moisturizing Products with Skin Whitening Functionalities in Select Leading Countries (includes corresponding Graph/Chart).....III-31

Table 17: Asian Market for Skin Whitening Products (2012): Percentage Share of Number of Anti-agers/Nourishers with Skin Whitening Functionalities in Select Leading Countries (includes corresponding Graph/Chart).....III-31
Reasons for Growing Demand.....III-31
1$200
   Market Performance of Skin Whiteners.....III-32
Product launches.....III-32
2$150
   B. Market Analytics.....III-34
Table 18: Asia-Pacific Recent Past, Current & Future Analysis for Skin Lighteners by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....III-34
1$200
   Table 19: Asia-Pacific Historic Review for Skin Lighteners by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....III-351$200
   Table 20: Asia-Pacific 15-Year Perspective for Skin Lighteners by Geographic Region - Percentage Breakdown of Dollar Sales for China, India and Rest of Asia-Pacific Markets for Years 2004, 2012 and 2018 (includes corresponding Graph/Chart).....III-361$200
  4a. CHINA.....III-374 $495  
   A. Market Analysis.....III-37
Current & Future Analysis.....III-37
Cosmetics and Skin Whitening Products – A Background.....III-37
Market Overview.....III-37
1$75
   Whitening Products with Anti-Aging Features to Boost Prospects.....III-38
Emergence of Men skin care category.....III-38
Product Launches.....III-38
1$75
   B. Market Analytics.....III-39
Table 21: Chinese Recent Past, Current & Future Analysis for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....III-39
1$200
   Table 22: Chinese Historic Review for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....III-401$200
  4b. INDIA.....III-4116 $1450  
   A. Market Analysis.....III-41
Current & Future Analysis.....III-41
Evolving Skincare Market in India.....III-41
An Insight into India’s Skincare Products Industry.....III-41
1$75
   Table 23: Indian Skin Care Product Market (2012): Percentage Breakdown of Value Sales for Fairness Products, Winter Care Products, Top-End Products, Baby Care Products and Others (includes corresponding Graph/Chart).....III-42
Cultural Factors Bolster Fairness Creams Market.....III-42
Global Majors Target the ‘Independent Indian Woman’.....III-42
1$200
   Indian Whitening Cream Market to Surge.....III-43
Table 24: Leading Fairness Creams Brands in India (2012): Percentage Breakdown of Value Sales for Fair & Lovely, Fairever, Fairglow and Others (includes corresponding Graph/Chart).....III-43
Whitening Facial Care Dominates Indian Skin Whitening Solutions Market.....III-43
1$200
   Table 25: Actives Used in Whitening Facial Care Products in India (2012): Percentage Breakdown of Volume Usage for Niacin/Niacinamide, Licorice Extracts and Others (includes corresponding Graph/Chart).....III-44
Skin Lighting Products Enter New Frontiers.....III-44
Industry Remains Unaffected by Controversies.....III-44
1$200
   Indian Men’s Whitening Cream Market.....III-45
Men – A Lucrative Market for Skin Lightening Creams.....III-45
Select Men’s Skin Whitening Products by Company and Launch Year.....III-45
Select Brands of Men’s Fairness Creams.....III-45
1$75
   Men’s Segment – A Rapidly Rising Market for Whitening Products.....III-46
Companies Shift Gear to Promote Men’s Fairness Products.....III-46
Buying Patterns of Indian Consumer.....III-46
Competition.....III-46
Fair & Lovely – The Predominant Fairness Cream Brand.....III-46
1$75
   Competition in the Men’s Fairness Cream Sector.....III-47
Table 26: Leading Players in the Indian Fairness Creams Market for Men (2012): Percentage Breakdown of Value Sales for Emami, Hindustan Unilever Limited, Garnier, Nivea and Others (includes corresponding Graph/Chart).....III-47
1$200
   Dabur’s Fem Dominates the Indian Bleach Market.....III-48
Imports of Cosmetic Products on the Rise.....III-48
Product Launches.....III-48
3$225
   Strategic Corporate Developments.....III-511$75
   Key Players.....III-523$225
   B. Market Analytics.....III-55
Table 27: Indian Recent Past, Current & Future Analysis for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....III-55
1$200
   Table 28: Indian Historic Review for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....III-561$200
  4c. REST OF ASIA-PACIFIC.....III-575 $495  
   A. Market Analysis.....III-57
Current & Future Analysis.....III-57
Overview of Select Markets.....III-57
Thailand.....III-57
Skin Lightening – A Burgeoning Market in Thailand.....III-57
Products for Intimate Areas – the Latest in Skin Lightening Products in
  Thailand.....III-57
Hong Kong.....III-57
1$75
   Singapore.....III-58
The Philippines.....III-58
Taiwan.....III-58
1$75
   Product Launches.....III-59
Strategic Corporate Developments.....III-59
1$75
   B. Market Analytics.....III-60
Table 29: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....III-60
1$200
   Table 30: Rest of Asia-Pacific Historic Analysis for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....III-611$200
  5. REST OF WORLD.....III-624 $495  
   A. Market Analysis.....III-62
Outlook.....III-62
Skin Lightening Market in Middle East.....III-62
Skin Whitening in Latin America – A Growing Functionality.....III-62
1$75
   Skin Lightening Market in Africa.....III-631$75
   Strategic Corporate Development.....III-64
B. Market Analytics.....III-64
Table 31: Rest of World Recent Past, Current & Future Analysis for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2010 through 2018 (includes corresponding Graph/Chart).....III-64
1$200
   Table 32: Rest of World Historic Review for Skin Lighteners Market - Analyzed with Annual Sales Figures in US$ Million for Years 2004 through 2009 (includes corresponding Graph/Chart).....III-651$200
IV. COMPETITIVE LANDSCAPE 90$495
  
Total Companies Profiled: 112 (including Divisions/Subsidiaries - 120)

Region/Country                 Players


The United States                 30   
Canada                             2
Japan                              8
Europe                            44
     France                       20 
     Germany                       7
     The United Kingdom            3
     Italy                         1
     Spain                         1
     Rest of Europe               12
Asia-Pacific (Excluding Japan)    32
Middle-East                        4
Click here to request a full table of contents and more details on this project.		  
 
 

© Global Industry Analysts, Inc., USA. All Rights Reserved.
Visa Master American Verisign