in-cosmetics Asia marketing manager Ivan Rahal told CosmeticsDesign-Asia.com that the conference, described as a ‘miniature in-cosmetics Asia’, was organized in response to demand from ingredients suppliers and cosmetics manufacturers for a dedicated, international personal care ingredients event in South Korea.
“The Korean cosmetics and toiletries market is very dynamic: it grew by 9.1% in 2012 and it boasts almost 800 cosmetic manufacturers, many of which have a solid international presence and global ambitions,” he highlighted.
“The market has its own fascinating idiosyncrasies: it accounts for nearly 20% of the world’s male skincare market; the traditional herb medicine (Hanbang) is extremely popular; it is also very strong in the field of natural and organics and is renowned for its high-quality at affordable prices.”
Market trends and ingredient innovations
The ‘Insights Into Sustainable Growth’ conference, in association with IBITA, consisted of six sessions in total, which variously explored market trends and ingredients. Euromonitor looked at what the future holds for beauty and personal care developments across Asia, while fellow market researcher Kline & Company examined the global ingredients market, with a regional analysis exploring how mature markets stand against the rapidly growing Chinese market.
French ingredients supplier Gattefossé highlighted the cosmetic benefits of plant wax butters, while Bioland of South Korea explored the causes of intrinsic and extrinsic skin aging and the approaches to protect against aging.
Meanwhile, Sasol Chemicals Pacific of Singapore outlined the science behind its patented fully synthetic petroleum wax, and Solvay of Singapore showcased its new conditioning polymer that responds to modern day shampoo formulation challenges.
Visitors to the conference included representatives from smaller local companies as well as leading manufacturers, hailing from Amore Pacific, Doori Cosmetics, Kolmar and Mary Kay among others. Delegates were able to meet with ingredients suppliers including Reka, Sinobest and AMA Laboratories in between conference sessions.
South Korea is country focus at in-cosmetics Asia
The in-cosmetics Asia tradeshow, which is taking place in Bangkok from 29-31 October and is the largest pan-Asian personal care ingredients event of its kind, has selected South Korea as its country focus in 2013.
“We will have double the number of Korean exhibitors we had in 2012, Korean marketing trend presentations, as well as ingredients and finished product showcases,” said Rahal.
For more information about in-cosmetics Asia, please click here.