Regional experts predict Japan’s knack for innovating product textures, concepts and formulas, particularly in the hair and skin care segments, will be tempting consumers from its fellow markets.
The most recent financial quarter saw a slowdown in India’s fast moving consumer goods market’s growth, with personal care brands listed among those which are losing out as a result.
The way to grow in the cosmetics industry is to acquire stock with an already good standing, and now South Korean household firm LG Household & Healthcare is considering a move to buy Elizabeth Arden.
A recent report from market research firm TechNavio has highlighted the rise of cosmetics able to make halal claims, noting it expects the category to see growth at a CAGR of 11.08% over the period of 2014 – 2018.
International beauty brand Sephora’s upcoming expansion into Australia participates in the ongoing diversification of the region’s cosmetics market, and will mean domestic players will need to continue to up their game with innovation.
With the Indian cosmetic industry forecaste to reach $200 billion by 2020, more beauty focused events are springing up all over the country, Kosmetica being the first of its kind in New Delhi.
The rumour mill is in full swing but it is not too ridiculous to suggest that Estée Lauder could be ripe to join the acquisition trail given its history and the current state of the market. It is not exactly out of character for the big players either…
Colgate-Palmolive has become the latest company to join the movement towards deforestation-free palm oil, which many believe adds weight to the movement towards a more sustainable industry.
In this month's Asia in Focus, a series that hones in on the segments offering the most opportunities for the industry right now, we look at the power of Korean TV when it comes to influencing makeup trends and purchasing behaviour.
When it comes to marketing and advertising, brands need to abandon the pre-existing rules that their categories have, and focus on engaging with the consumer and their needs.
Ingredient suppliers need to stay on top of the trends and work with finished goods manufacturers to ensure they win over consumers, says Lubrizol’s Adrian Holland.
A 'Korean wave' is helping Asia's brands to take a strong foothold of the market share which will see them take their place at the top table amongst Western players once and for all.
According to Jianzhong Yang, founder of the Japan-China Cosmetics Exchange Association, there is much that cosmetics players in these two countries can offer one another.
UBM Asia has launched ASEANbeauty, a trade event supported by the Thai Cosmetics Manufacturers Association in an effort to keep up with the growing cosmetics sector in Thailand.
Unilever has announced its intention to join the Facebook-led alliance ‘Internet.org’, which seeks to provide web access to India’s rural population, in a move which looks to make the most of reaching the key consumer group.
In a mutually beneficial agreement, Japanese cosmetics company Shiseido has announced the sale of two of its luxury beauty brands, Carita and Decléor, to French beauty brand L’Oréal.
Avon has announced a shake-up of its Thailand approach, suggesting the beauty giant is seeking new avenues for boosting sales in Asia after its recent exit from South Korea and Vietnam.
In a move which counters that of some of its retreating rivals, US beauty brand Mary Kay is looking to establish itself further in China with the purchase of an office building in Shanghai.
VIPshop, a prominent Chinese flash sales site, has acquired a majority stake of cosmetics e-store Lefeng for $132.5 million, in an expansion which confirms that China’s e-commerce beauty market continues to strengthen.
According to market consultants, Bain & Co, China’s luxury goods market has slowed from 7% growth in 2012 to around 2% in 2013, with expectations of similar figures in 2014.
Despite various cosmetic companies investing in more sustainable alternatives to squalene, some specialised producers have been found to still be dealing in the shark liver in China.
With the global cosmetics market placed at $335 billion, the halal segment still remains relatively small in comparison to the 1.6 billion Muslim population made up of potential consumers.
India is in the process of developing a bill which will prohibit animal-tested cosmetics from being imported into the country, according to the Central Drugs Standard Control Organization.
E-commerce is becoming an increasingly important trend throughout the world, but nowhere more than in the Asia-Pacific region with its fast-growing base of internet users and enormous population.
Another country may soon be moving towards alternatives to animal testing, as South Korea’s Ministry of Food and Drug Safety has created a policy proposal to recognize these methods for functional cosmetics.
The ‘Mixologiste’ trend of multifunctional products blurring the lines between different markets and technologies is on that is already popular and China and is expected to grow in the future in the region.
Cosmetics company Revlon is facing another obstacle as the Vietnamese Drug Administration orders an investigation into claims that their personal care products contain cancer-causing chemicals.
A fire which destroyed one of Oriflame’s main warehouses in the vicinity of New Delhi is likely to have an effect on service levels in India in 2013 and the first quarter of 2014, according to the company.
As Korean cosmetics brands continue to see success on their neighbouring AP markets, factors such as affordability and an ever expanding male grooming segment are found to be the key driving forces.
The Indian Drugs Technical Advisory Board (DTAB) has recommended an import ban on cosmetics which have been tested on animals, according to animal rights organization Humane Society International.
South Korean cosmetics company AmorePacific has reported a decrease in Q3 profits as a result of poor overseas markets and investment and marketing activities for new products.
According to a report by Indian paper The Economic Times, L’Oreal India has predicted 'double-digit' turnover increase for 2013, which would put the company slightly behind its results for 2012.
Health and beauty shops in Japan have avoided the country’s general economic malaise to post respectable growth from 2007-2012, according to statistics from Euromonitor and the Global Retail Theft Barometer for 2012-2013.
Yesterday, Cosmetics Design reported on the CFDA’s recent decision to allow some cosmetic companies to bypass animal testing on their products. We spoke to the Chemical Inspection & Regulation Service in China to break down the specifics of the adjusted guidelines.
The Supreme Court in New Delhi has implemented a "cure or care" differentiation to separate medicinal products from cosmetics in a bid to avoid confusion as to when suppliers will need to pay a levy of central excise duties.
According to its most recent report on the China cosmetics market, Reportlinker revealed that despite being affected by a slow-down in the economy, the sector has tripled in terms of growth in the last ten years.
Whilst many people are still not convinced by men’s cosmetics, Future-Touch founder Antoinette van den Berg believes the market is ready and more willing to accept these products in the future.
Cosmetics retailer Sephora is said to be in the process of finding a new franchiser for the Indian markets as a result of on-going 'spats' between its owner LVMH and current partner, Genesis Colors.
According to the latest market research, L’Oreal remains a domineering force in China’s cosmetics sector as it achieves RMB12.05 billion in 2012, less than 20 years after wading into the country’s then, underdeveloped markets.
Cosmetics giant L’Oreal Australia has revealed that they have chosen Carat for their marketing needs in order to engage customers through both new and old media.
As the Chinese consumer becomes the number-one luxury spender in the world, our expert reckons US and European prestige brand managers are suddenly paying closer attention to their overseas spending behaviour.
As Datamonitor finds Chinese consumer lifestyles to have hardly been dented by the recession, its analysts say there are key steps international brands can take to properly cater to the country’s ‘market of contrasts’.
The Assam government in north-eastern India has increased VAT on cosmetics from 12.5 to 13.5 per cent, which regional industry experts reckon will trigger a knock on effect in terms of price despite the rise only being that of one per cent.
The FDA has warned the Philippine public that brands of unlicensed lipsticks which are being sold in outlets in major cities contain high levels of heavy metals.
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