The beauty category is set to be one of the major growth drivers of Asia Pacific’s travel retail industry as people once again undertake cross-border trips.
Travel retail, which has been a major sales channel for the beauty industry, was among the most severely impacted by the COVID-19 pandemic in the past two years.
For Delhi Duty Free Services (DDFS), perfume and cosmetics (P&C) surpassed all other categories in terms of growth for the month of April.
Demand is rising across Asia Pacific for health-focused products including silicone-free hair shampoo, but BASF believes their vast potential in silicone-free conditioners too.
The silicone-free hair care trend demand is driven by the emphasis on products that are good for health.
While silicone-free shampoos are becoming a dime a dozen, there is a lack of silicone-free hair conditioners in the market.
Singapore-based livestreaming outfit, MyBKKShop, believes live commerce holds abundant potential for South East Asia’s (SEA) beauty sector.
However, live commerce space in the region was still in its nascent stage and lacked many advancements that could potentially hinder its growth in the region.
For instance, there is a lack of an integrated system to help on the backend as a major hindrance as well as the lack of a sense of community which makes for a more vibrant landscape.
Renovatio Bioscience believes skin care innovation is moving towards the development of therapeutic treatments for serious skin conditions such as eczema or psoriasis.
While its products are marketed as anti-ageing solutions, they can also be used by people suffering from conditions such as eczema or psoriasis.
Moving forward, the firm will continue its therapeutic skin care research and treatments for skin conditions like dermatitis, eczema, psoriasis and acne.
Singaporean beauty company Porcelain has launched Ukyo Beauty, its first make-up line to tap into the post-pandemic clean and minimalist colour cosmetics trends.
The launch has been timely as consumers’ beauty routines have changed drastically over the COVID-19 pandemic, and there have been more demand for make-up that goes beyond skin deep.
Additionally, Ukyo taps into the clean beauty movement, which till now mostly focused on skin care products.