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Consumer confusion, the rise of sustainability and the appearance of retailer standards.
With the exception of Hong Kong, Organic Monitor reports that the Chinese market for naturals has declined, with markets such as India, Thailand and Singapore picking up momentum.
The Vietnamese cosmetic market is a emerging market with huge potential, according to Le Chau Giang, special adviser to the president of the ASEAN Cosmetic Association and senior director and head of regulatory and medical affairs at Johnson & Johnson Consumer Asia Pacific. Here, she engages in an exclusive Q&A on the Vietnamese cosmetics market with Cosmetics & Toiletries. Hear more of Giang's expertise at in-cosmetics Asia in Bangkok.
According to Kline, natural product brand owners capitalizing on broader market trends, while function and efficacy are now as important as the ingredient source by many consumers. Non-GMO labeling trend that is now prevalent in food products is in the nascent stages in beauty but expected to grow stronger.
New ranges of natural products, "alphabet" products and devices continue to influence the market.
Entries are now open to this awards event, which is dedicated to sustainability in the beauty industry. The deadline for award entries is October 15, 2014; finalists will be notified by October 31, 2014; and the winners will be announced at a dedicated awards reception in Paris on November 24, 2014.
As M&A picks back up in the beauty world, market researcher Kline & Company points to targets it sees as acquisition opportunities.
At the upcoming Sustainable Cosmetics Summit Asia-Pacific, beauty brands, suppliers and industry stakeholders will discuss the difficulties in going green with a beauty brand and the innovative ways they’ve come up with to solve these problems.
Limited edition Birchboxes featuring winners from the CEW’s 2014 Insiders’ Choice Beauty Awards will be available in August 2014.
Learn about the latest beauty ingredient launches from Croda, as well as a strategic acquisition by The HallStar Company, news from Rahn and Evolva, and much more.