A round-up on our top stories on China’s lucrative personal care market, featuring the L’Oréal’s rebound in China, Shiseido’s new investment in Oriental Beauty Valley, Azelis’ acquisition of CosBond and more.
Beauty is one of the hardest-hit consumer categories in the ongoing global coronavirus (COVID-19) pandemic, but it will also likely bounce back fastest because of digital strengths, says an expert consultant.
Proctor & Gamble (P&G) has reported a sales rise for its fiscal 2020 third quarter, buoyed by home and healthcare divisions, but net sales in beauty shrank due to a poor SK-II performance linked to travel retail closures.
Generation Z are looking for playful beauty experiences to counter their anxiety about the future but also expect all products to be inherently sustainable and designed with purpose, say trend experts.
The tremendous rise of CBD beauty is continuing to fire up, fuelled by indie and skin care innovation, but weed washing and big brand resistance remain key hurdles to growth, according to Prohibition Partners.
Givaudan Active Beauty has developed face mask formulas that it says tap into the specific needs of Generation Z – a rising demographic that associate beauty with confidence, self-expression and naturalness.
The Changing Face of Beauty, a global study conducted by Allergan, reflects a shift in consumer expectations; women today opt for products and procedures to improve how they feel, rather than simply how they look.