Euromonitor’s latest findings comes as good news to the cosmetic giants investing in emerging markets like P&G and Estee Lauder, as the market researcher predicts emerging countries to be three of the world’s five largest economies by 2020.
Although price still remains a major factor to Indian consumers, the skin care market is expanding as consumer views start to shift more towards necessity rather than luxury due to increased income and consumer knowledge.
The battle to end animal testing in the cosmetic industry in India has stepped up a notch after the regulatory Drug Controller General of India called for the fast-tracking of the deletion of two final animal tests from India’s cosmetics safety standard.
Organic Monitor feels that the consumption phase of cosmetic products is often being ignored by the industry in comparison to the focus on raw materials and production process, which can damage the relationship with the consumer.
The Hong Kong-based manufacturer of iron oxide and chrome oxide pigments, Cathay Industries, has invested, together with Tonghua Group, in a state-of-the-art production plant for yellow, red and black iron oxide pigments in an effort to expand and meet...
Many international cosmetic makers are faced with ethical questions over whether or not to be present in the China market because of animal testing requirements. Pangea Organics chose not to stay, and has been commended for this.
BASF says that its Care Creations brand, which was rolled out this time last year, is being readied for the next phase of its planned expansion with the announcement of more products for the portfolio.