The company behind K-beauty brand Dear, Klairs is setting its sights on an entry into the Middle East and Africa after it recorded significant growth in Europe and Asia in 2023.
The Global Shea Alliance (GSA) is aiming to connect cosmetic brands from Asia Pacific directly with the rural producers of shea butter to better the social and economic standings of African women and their families.
The cosmetics industry is seeing a rising appetite for traditional oils that have been used for centuries by Africa’s indigenous people as the demand for new, powerful, and efficacious natural ingredients booms.
India-based consumer goods and cosmetics player Dabur has just sealed a deal to buy a small South African cosmetics player, paving the way to huge growth potential across the African continent.
The world’s biggest cosmetics player has made no secret that it sees Africa as its biggest potential growth market moving forward, and a new R&D facility in Johannesburg reflects that optimism.
Cosmetics maker L’Oréal has its eyes set on cracking the African market having signed a production and distribution partnership for the Ivory Coast, with specialised distributor CFAO.
Symrise is strengthening its presence in the fast-growing West African with a new location in Lagos, Nigeria which will cover the Scent & Care and Flavour & Nutrition segments.
A new study in the Cell Press journal says that the growing demand for vegetable oil, which has already led to the conversion of Southeast Asian forest into oil palm plantations, is causing serious environmental damage and needs to be acted upon now.
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