According to the market researcher, a rising preference for Eastern traditional ingredients in the West has seen the Thai beauty market to have grown by 44 percent since 2008 and is estimated to reach US $4.8 billion by 2015.
Cosmetics player Estée Lauder is furthering its efforts to make its presence felt in Asia-Pacific and leverage its rapid sales growth in China by launching a new skin care line aimed specifically at the local consumers.
New York-based cosmetics manufacturer has turned to an Australia-based biotechnology company to provide the peptide for its anti-aging creams as it looks to meet consumer demand for products that tackle skin damage.
Environmental watchdog, the EcoWaste Coalition is putting pressure on the Philippines Food and Drug Administration after it discovered first hand that cosmetics containing mercury were still available over the counter, despite being banned in the region.
With more than a fifth of total sales generated in Asia-Pacific, it is no wonder Estée Lauder has turned its focus to the region, and according to the make-up maker, skin care holds the key for market growth.