Recent retail statistics from China show particularly strong consumer goods sales, vindicating the continuing investment the big players are pouring into the region.
Premium skin care specialist NuSkin has posted higher than expected profits on a weak dollar, despite the fact that certain key Asian markets saw sales slumps.
The secret to successfully entering the Chinese cosmetics market will be one of the focus points at this year’s Cosmoprof Asia, held in Hong Kong in November.
Strong growth in international markets has helped offset a significant rise in production costs for the world's leading oral care player, Colgate Palmolive.
Symrise has reported good sales growth in local currencies the first half of 2008 driven by flavours and emerging markets, although fragrance growth was hit by the drop-off in consumer spending on luxury goods.
Travel consumer goods provider Travelon has launched a new range of personal care products based on simple single dose sheets of paper for a range of products.
Estée Lauder will be extending the reach of its Jo Malone luxury
skin care and fragrance brand in Asia in partnership with the Lane
Crawford Joyce Group.
International cosmetics giant Estee Lauder is aiming to increase
its presence in the fast growing market of India by targeting the
country's biggest cities.
Canada-based packaging supplier CCL is looking to significantly
expand its presence in Asia in an attempt to capitalize on the
opportunities presented by emerging markets.
Global cosmetics companies operating in China should be aware of
increasingly strict enforcement of the country's advertising
standards, according to a consumer goods lawyer.
The European Commission has imposed anti-dumping tariffs of almost
40 per cent on monosodium glutamate (MSG) imported to the EU from
China, following an investigation into the effects of lower-priced
imports on EU industry.
Risdon International has created a new lipstick packaging for Avon
- Pro-To-Go -which has been designed to enable the user to apply
the lipstick using one hand.
Supplies to food and supplements makers for the fruit that packs a
powerful antioxidant punch continue to grow as Italy, the world's
largest producer of kiwis, reports strong production figures for
2007.
Cosmederm Technologies has signed a distribution agreement with
Health Sciences to market its anti-aging and anti-itch products in
the Asia Pacific region.
A key market trends presentation on the global cosmetics industry
given at In-Cosmetics Amsterdam highlights the fact that continued
industry growth is likely to be driven by global marketing
campaigns that take into consideration...
Authorities in New Zealand are considering measures to introduce
stricter ingredient labelling regulations in the country as a means
of drawing attention to potentially hazardous ingredients.
Male grooming is motivated by work and social situations and
related to ideas of status advancement; however attitudes vary
across countries, according to a Beiersdorf survey.
The global skin care market is predicted to be worth $44.8bn by
2010, driven by an aging population, growing consumer affluence and
the increasing importance of the emerging markets, according to a
report by Global Industry Analysts.
Boosted by strong domestic growth for personal care, Indian company
Anchor Health and Beauty Care says it will be
eyeing global soap and toothpaste brands as a key to further
expansion.
PPR Group has reported strong results for 2007 despite negative
effects of the weakening of the yen and the dollar that negatively
impacted the luxury goods division.
The member countries of the Association of South East Asian Nations
(ASEAN) have adopted International Fragrance Association (IFRA)
standards in a move to facilitate trade of fragrance products with
the countries.
Germany-based Drs. Hans Schreuder is teaming up with China-based
RHEI Pharmaceuticals in a deal that will ensure that its natural
skin care line is distributed throughout fast-growing markets in
Asia.
Maesa (previously Parfum d'image) has announced plans to create a
Shanghai subsidiary to expand the company's business in China after
successful first quarter results.
Despite the tough retail conditions in the US Estee Lauder has
recorded particularly strong sales and net profits for its second
quarter thanks to solid international sales boosted by a weak
dollar.
Although the Asia Pacific region continues to be the main launch
pad for new nutricosmetics products, latest market movements show
that the UK and US are catching up.
Avon takes a new direction with healthcare foods in China, Swiss
Arabian Perfumes Group announces expansion plans in the Gulf and
Ineke perfume expands European distribution.
Despite significant growth in the Indian cosmetics and toiletries
market in recent years, per capita cosmetics consumption still
remains the lowest in Asia, according to the Associated Chambers of
Commerce and Industry of India (ASSOCHAM).
The merger and acquisition highlights for 2007 include
consolidation in the natural and organics market, further
acquisitions by the biggest players and rumors concerning the
future ownership of Clarins and Estee Lauder.
The Chinese government has acted on promises to improve product
standards 'blacklisting' 10 domestically manufactured cosmetics,
according to press reports.
Wal-Mart's sustainability programme, which is forcing manufacturers
worldwide to reduce their environmental impact, has come under
heavy criticism from a coalition of international labour and
civic organisations for being "unsustainable".
Demand is growing for natural cosmetics in China, driven by a
traditional preference for natural ingredients and the fear of
toxic chemicals in consumer goods.