Overall, the U.S. market for nutritional supplements is up nearly 15% so far in 2020 as consumers seek to protect their health with immune-enhancing products. All segments of the market increased by double-digit growth rates, with particularly high gains for vitamins A, B12, C, D, iron, magnesium, zinc, echinacea, and elderberry. Continue reading
In 2019, the U.S. crop protection manufacturers’ market was characterized by a decrease in sales estimated at 3.4% in comparison to 2018. All segments of the industry contributed to the decline, with a higher decrease values coming from the seed treatment, plant growth regulators, and herbicides sectors, according to Kline’s soon-to-be-published Crop Protection Manufacturers report. Various factors have led to this decline, as the industry was adapting to multiple ongoing changes, from pesticide prices and demand changes to structural changes within many leading agrochemical manufacturers.
After entering the U.S. market for synthetic passenger car motor oil (PCMO) in mid-December 2019 with its own branded full synthetic PCMO, Costco extended its product line into heavy duty motor oil (HDMO) with its Kirkland Signature conventional SAE 15W-40 HDMO in July 2020. Kirkland HDMO meets the current API Service Category of CK-4, which means the product meets OEM specifications for service-fill applications and will not compromise an OEMs’ warranty—provided the end-user follows OEM-recommended oil drain intervals based on operating conditions.
Dispensing skin care has become a vital part of aesthetic physicians’ businesses in 2020. The reason: It offers an additional source of revenue to their core business, which in most cases, has suffered tremendously due to COVID-19. Our soon-to-be published report, Physician-Dispensed Skin Care: Perception and Satisfaction Survey, will focus on the pandemic’s impact on aesthetic physicians’ businesses and what the “new normal” will look like from now and through 2021. Continue reading
The first hurdle in analyzing the bio-lubricants market is to define bio-lubricants, as it seems that different market participants use the term to mean different things. This tendency is implicitly encouraged by the various government programs that promote the use of bio-lubricants. They tend to focus on one aspect of the product – for example, the U.S. Federal Bio-Preferred program focuses on a bio-lubricant being “bio-sourced”- and is silent on other aspects of the product. Kline’s definition of bio-lubricants includes criteria: biodegradability, bio-sourceability, and non-toxicity. With global demand under 350 kilotonnes, bio-lubricants constitute a small fraction—around 1.6%—of the finished lubricants market globally.
The popularization of ethical and healthy lifestyles in Europe and the United States has made its way to Brazil. The demand for cruelty-free, vegan, and organic products is growing, and consumers embrace brands promoting a socially and environmentally responsible message. Lately, brands and product lines with natural claims have swarmed the Brazilian market, posting strong sales growth of 10% in 2019, according to our recently published Natural Personal Care Global Series.Continue reading
Synthetic latex polymers are essential components of many consumer and industrial products. These polymers are governed by several different application markets, ranging from paints, adhesives, and construction to tires, leather, and more. The synthetic latex polymers market, as studied by Kline for close to 50 years, broadly depends on a combination of industrial output trends and consumer market trends in each country or region. More specifically, their markets in individual applications depend on end-use industry factors.
With the recent announcement of L’Oreal’s intent to purchase Thayers Natural Remedies—plus Shiseido’s and LVMH’s purchases last year of Drunk Elephant and Tatcha, respectively—it seems that the naturals personal care market has become a hotbed for future acquisition targets. Natural personal care market growth has been on a strong upward trajectory as consumers quickly gravitate to brands with unique product premises and socially responsible messages. Continue reading
Demand for fuel additives is dependent upon two factors: fuel demand and fuel additive treat rates. All other things being unchanged, fuel additive demand should grow along with the growth of fuel demand. COVID-19 is expected to drive a sharp decline in fuel demand in 2020, which will be reflected in the fuel additives market. While fuel demand should recover from 2021 onwards as the global economy recovers, there may be some long-term changes in fuel consumption patterns. For example, growing penetration of electric vehicles will adversely impact the growth of fuel demand in the medium- to long-term, which, in turn, will impact fuel additive demand in the medium- to long-term.
Beauty may have been dominated by the omnichannel approach in 2019, but this year, the industry is witnessing one of the strongest shifts to e–commerce ever. The transformation began in March 2020 with the onset of the COVID-19 pandemic, causing the omnichannel approach to lose relevance as many brick-and-mortar retailers across the country were forced to shutter. Continue reading