As the Chinese government pushes ahead with its Made in China 2025 strategy, Euromonitor International reports the leading APAC cosmetics market is set to overtake Germany for the position of top Industry 4.0 implementer.
Increasing awareness among consumers about halal-certified products boosts the demand for Halal cosmetics and the fragrance sector, in particular, which is expected to generate the largest CAGR during the forecast period.
The acquisition of a new business on the flavours side of the Symrise business boosts group sales, but on the fragrance and care side of the business, sales remain stagnant amidst tough market conditions.
According to market researcher Canadean, despite the Italian skin care segment expected to face a small decline in value growth up to 2017, skin product sales will nevertheless be slightly more positive in volume.
Despite predictions of negative growth forecast for the French skin care market, there are still some positives say analysts due to the attention to detail of the consumer and the continued demand for certain products.
The make-up market is colourful by nature and with a host of new trends combined with the high performance in both Europe and the US; Cosmetics Design takes a look at some of the top stories in 2013 in the colour cosmetics category.
Despite the economic crisis over the last few years causing consumers to take a serious look at their spending, it appears they have stayed serious about their look, as UK make-up sales appear to be recession proof.
The growth of the Australian cosmetics and toiletries industry has
dipped for a second year in a row, mirroring growth in the general
economy and the slower retail environment. But with income levels
still high the latest market report...