As APAC navigates regulatory variations and ongoing updates across the region, we asked Dr. Jochen Krauss, economist, pricing expert and Managing Partner of Simon-Kucher & Partners the impact that this ambiguity has on innovation for cosmetics and...
India has been flagged up as one of the fastest-growing markets for beauty in the world, so it’s little wonder that some of the biggest players have been making moves in the country this year.
Korean natural and organic cosmetic player The Face Shop is set to enter the fast-growing India market, following on from much speculation about its ambitions in the market.
For years the market for cosmetics and personal care products in India has shown promise but has not quite lived up to expectations. Now all that is changing as the market booms.
L’Oréal saw revenue rise by 9% in the fourth quarter thanks to a weaker euro combined with big luxury and North America sales, as well as some recovery in Asia.
Luxury goods multinational LVMH has seen its travel retail business, DFS Group, maintained growth in the last year, despite having to absorb ‘significant cost containment’, due to a turbulent market in Asia.
Japanese beauty giant Shiseido has been building its presence in Bangladesh, through setting up a grassroots marketing network in rural farming villages.
Share prices in Coty have been volatile ever since the company announced major expansion plans last year, and the trend has been downward so far this year, reflecting a number of uncertainties.
The world’s biggest cosmetic company says it wants to build on its dominant position in the Indian hair dye category with the construction of a manufacturing facility in the state of Himachal Pradesh.
Latest data from the China Bureau of Statistics shows that the country’s economy grew at the slowest pace in five years, but that consumer sales, and specifically those for cosmetics, remain strong.
Just like Godrej and Dabur India, Hindustan Unilever has witnessed the effects of a tough economic climate as although sales are up, demand remains weak.
As Cosmetics Europe announced that President of L’Oréal France, Loïc Armand, will take the reins as its President for the 2014 -2016 term, CosmeticsDesign-Europe.com was given an exclusive interview with the new boss - and his outlook is very positive.
Cosmetics Design caught up with Daniel Oliveira, of ABIHPEC's business intelligence unit, who explained that there are still big opportunities in the market for cosmetics and personal care, despite signs of the economy slowing down.
China, India and Japan will all participate in the upcoming growth of cosmeceuticals in the Asia Pacific region, according to Ken Research’s latest market report.
Industry veterans like Alain Khaiat, President of Seers Consulting, was amongst engaging presenters at last week's first ever Cosmetics Vision event, where he outlined his strategy for cracking the Asian markets.
According to recent findings from Nielsen, Asia posted the only regional gain in confidence from consumers from the previous quarter, increasing one index point to 105, four points higher than Q4 2012.
Asia's emerging markets are also becoming important locations for the sale of anti-ageing products, particularly areas with strong and growing economies such as China and South Korea.
Latest market research shows that the premium beauty category for the island state of Singapore is continuing to see high growth rates as the trend towards upgrading continues.
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 economic growth in China slowed slightly from a GDP of 9.2 percent in 2011 to 7.8 percent in 2012, however this has not stunted consumers’ will to tackle beauty concerns and has seen foreign brands experience fast growth.
Despite a challenging macro-economic environment, Dabur India reported strong volume-driven growth across all its key categories; with skin and hair care both contributing to the double digit growth.
Next month may see a group of new leaders taking up the government hot seats in Beijing, a change that could affect sales of luxury cosmetics and fragrances which are traditionally given as 'gifts' in the business world.
According to a European Chemical Industry Council (Cefic) report, chemical production in Europe is to come to a standstill in 2012 due to the continent's debt crisis which will no doubt affect the cosmetics industry.
The Center for Professional Advancement (CfPA) is holding an online training course giving the low-down for cosmetics players wanting to enter the China cosmetics market.
The unstable economic environment, particularly in Europe, has taken its toll on the consumer packaging business, with beauty packaging being one of the worst hit, according to global packaging supplier MWV.
Henkel, the German maker of Schwarzkopf hair products and Right Guard antiperspirant reported third quarter profit that fell short of expectations as raw-material costs rose; however the Cosmetics/ Toiletries business continued its upward curve.
Two of the larger players in the cosmetics industry have both announced that sales are still displaying solid growth despite the significant business and economic challenges at present.
Lonza and Arch Chemicals have announced an agreement in which the Swiss supplier has agreed to commence a tender offer for 100 per cent of Arch’s outstanding shares of common stock, with the personal care sector expected to benefit.
The Indian color cosmetics market is predicted to return annual growth of 12 per cent over the coming three years, according to a report from market researcher RNCOS.
Shiseido says it will start selling its cosmetic brands in Colombia as part of plans first implemented at the beginning of this year to increase its global footprint.
The latest results from L’Oreal underline a strong recovery but could also point to difficult comparables and further hardships in Western Europe, analysts believe.
Kimberly-Clark has weathered the economic storm relatively well compared to the other big personal care players, prompting the company to paint a rosy long-term forecast.
Retail cosmetic sales grew at 16.9 per cent in China during the course of 2009, a figure that defies the global market trend but indicates slower underlying growth.
Premium skin care specialist NuSkin has posted higher than expected profits on a weak dollar, despite the fact that certain key Asian markets saw sales slumps.
Despite significant growth in the Indian cosmetics and toiletries
market in recent years, per capita cosmetics consumption still
remains the lowest in Asia, according to the Associated Chambers of
Commerce and Industry of India (ASSOCHAM).
Despite global financial markets being in turmoil the Chinese
retail market is continuing to speed ahead. Indeed, due in
part to strong sales of cosmetic and personal care products, the
World Bank has raised is forecast for the country's...
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