Monday, 31 August 2015

[Miscellaneous] Cosmetic Industry Update: New acquisitions and product launches, social media drives sales, Instagram beauty hits brick and mortar, less animal testing and more!

Beauty Tips For Body Care
Check it out on my blog, if you'd like! :)QYResearch Reports releases 'China Cosmetics Industry Report 2015': OEM and ODM manufacturers on the rise, industry surpasses 230 billion RMB, or 36 billion USD a year. 8-12% increase annually.SourceKline Group's Natural Personal Care Global Series report identifies top 3 trends driving growth in the natural cosmetics and personal care segment.Consumer Awareness: Consumers are becoming more educated thanks to the internet and social media. Consumers are looking to reduce exposure to toxins and becoming more aware of potential harm certain ingredients can cause. Consumers want more transparency from cosmetic companies, from their sourcing practices, production, and sustainability.Distribution Channel Expansion: Natural cosmetics and personal care products have escaped specialty shops and can now be found in mass retailers at all price-points. Retailers are also expanding natural positioning by creating their own private-label brands which are capitalizing on the natural trend and appeal.Penetration Into Traditional Product Categories: Natural brands are developing new products that are designed to compete with traditionally non-natural products, especially makeup.SourceGrand View Research predicts that organic personal care market will grow to almost $16 billion by 2020. Organic certification will be an important driver. Market is still relatively fragmented with many small domestic companies vs. large international corporations.SourceWomen's Marketing posts US Millennial Beauty Consumer Infographic. 46% of Millennials purchase beauty products every week, 94% buy them at least monthly. 64% spend more than $50 a month on beauty, 30% spend more than $100. Almost 50% choose natural products, as well as American made products. Youtube, Instagram, and Facebook are big drivers in new product discovery.SourceOECD releases 2 new eye irritation test guidelines and updates skin irritation tests.Source, SourceEstee Lauder focuses on Millennials, citing key brands like Mac, Clinique, Glamglow and eponymous Estee Lauder.SourceFormer marketing chief of Burt's Bees, Mike Indursky announces that Bliss World will be launching color cosmetics market in next few months. Expanding into a total lifestyle brand.SourceThe Indie Beauty Expo had its first major convention on August 27th, all brands are at least 50% owned by the founder.SourceRicky's NYC opens '#' a beauty store that only sells cosmetics popular on social media network Instagram.SourceMAC Cosmetics launches line of beauty products for customers that want to look like their dogs.SourcePamela Anderson pens letter criticizing Estee Lauder, owner of MAC Cosmetics for allowing their products to be tested on animals so they can retail in ChinaSourceNBTY, formerly Nature's Bounty, announces purchase of Dr. Organic skin care brand. NBTY is a vitamin and health supplement manufacturer, and operates the Holland and Barrett retail chain in the UK.SourceAvon shares bounce up slightly as news is announced that $62 million settlement reached over bribery scandal. Shareholders sued the company alleging that former C-level executives bribed Chinese government officials to expand business.SourceRussian MPs draft law that will prohibit animal testing. Sergey Doronin, of the Committee of Agriculture, "[…] we want to keep pace with the times and not be on the list of third world countries involved in the testing of cosmetics [through] archaic methods"SourceTurkey restricts sales of cosmetic products that use animal testing.SourceIsraeli-German team publish study using their "liver-on-chip", elucidates mechanism of side-effects caused by acetaminophen. May lead to valid and human relevant alternative to animal testing for drugs and cosmetics.SourcePersonal Care Products Safety Act will allow US FDA increased oversight in safety and regulation of the cosmetics industry. All manufacturers will be required to abide by GMP (Good Manufacturing Practices) standard.Source
Girls Blog 2015
Submitted by kindofstephen

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