The Indian government’s decision this month to allow 100 percent Foreign Direct Investment in single brand retail, will be beneficial to the fast moving consumer goods sector, with cosmetics poised to pounce.
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.
The emerging markets are all the rage for cosmetics manufacturers at present and this is no different for direct seller Avon as it targets growth in India to try and revive what has been a tough financial period for the company.
In a frank discussion with the head of the Toiletry and Fragrance Association in Singapore, Dr. Alain Khaiat reveals he has doubts as to how soon Chinese officials will be able to implement an alternative to animal testing.
After looking into inspection standards of imported and exported goods, four industrial bodies set up by the Shan Xi Inspection and Quarantine Bureau have approved bisphenol A and antimony-related testing methods for cosmetics.
According to Organic Monitor, the second Asia-Pacific edition of the Sustainable Cosmetics Summit to be held in Hong Kong this November is to tackle some of the major ethical and ecological issues facing the industry in that region.
With China poised to accept its first ever non-animal test method for cosmetics by late summer, Dr. Brian Jones of the Institute for In Vitro Sciences (IIVS) says don’t be surprised by how quickly the autorities accept and implement more.
The brand well known in the US, UK, Canada, France, Italy, Spain, Singapore and the Middle East has come under fire due to its decision to move into the Chinese market, despite its conflicting animal testing policy.
Following on from the success of PCHi 2012 in Shanghai, event project director Daniel Chan expects next year’s show in Guangzhou to attract a strong mix of international and domestic industry professionals.
At this year’s in-cosmetics taking place in Barcelona, which opens its doors today, CosmesticsDesign-Europe.com takes a two-part look at some of the ingredients being showcased by various exhibitors at the event.
In an exclusive interview with CosmeticsDesign.com USA, Dr. Alain Khaiat advises companies investing in the Asian Pacific market that, “It’s the brand that is at risk of being damaged if the distributor does not do everything properly.”
The Institute for In Vitro Sciences (IIVS) will expand its international outreach program having recognised the need to drive regulatory change in those countries that still require animal testing for cosmetic and personal care products.
L'Oreal and Nestle, plan to enter the Chinese market in 2011 with their beauty pill brand Inneov, as more young people turn to dietary supplements to improve skin and hair conditions, according to press reports.