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It's official—the Sunscreen Innovation Act has become a law. On Nov. 29, 2014, President Barack Obama signed the bipartisan Sunscreen Innovation Act into law, paving the way for more sunscreen actives on the U.S. sun care market.
The new Act was developed to speed new UV filter approvals, to provide consumers with longer-lasting UVA protection.
Mintel trends analysts Stacy Glasgow and Jenny Zegler discuss the four key U.S. consumer trends identified by Mintel as the most impactful for 2015—and what this will mean for both consumers and brands in the year ahead.
The U.S. Senate unanimously passed the Sunscreen Innovation Act (S. 2141) on Sept. 17, 2014, which the Public Access to SunScreens (PASS) Coalition applauded. This Act aims to streamline the process for approving new sunscreen ingredients.
The Freedonia Group's new report on the wipes market predicts increased consumer spending will promote the use of higher value, more task-specific wipes; products such as personal hygiene and pre-moistened facial cleansing wipes will see rapid gains.
According to The NPD Group, the growth of the U.S. prestige beauty market grew 5% in the second quarter of 2014 when compared to the second quarter of 2013 due to strong makeup growth.
According to market researcher Mintel, lip cosmetics currently are the strongest performing color cosmetics segment in terms of growth, poised to reach sales of $1.4 billion in 2014 in the U.S.
Rhône Capital also has advised Elizabeth Arden that, subject to market conditions and applicable legal or regulatory approvals, it intends to increase its ownership of the company’s common stock over time.
Packaging suppliers TricorBraun and Vitro have expanded into India and Brazil, respectively, and Fusion Packaging, Aptar and Albée have collaborated on innovative new beauty pack launches.
See the Q4 and fiscal year end results for both The Estée Lauder Companies and Elizabeth Arden Inc., as well as results for Oriflame.