News & Analysis on Cosmetics Innovation
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.
According to the latest research from Mintel, the Asia-Pacific region has managed to overshadow the US and Europe in terms of growth again, to become the largest regional luxury goods market.
This year’s Cosmoprof Asia event, to be held in Hong Kong in November, is forecast to build on the record-breaking size of the previous event, in line with the continued industry growth throughout the region.
US-based skin care and nutraceuticals specialist Nu Skin has revealed significant growth in its sales in Thailand for the year so far, on the back of the popularity of its AgeLoc brand..