[PODCAST] Home Fragrance Sales Soar as Candles Become an Escape from Pandemic Times
In this insightful podcast, Kline’s experts in the home fragrance industry discuss arising opportunities in the home fragrance market and the impact of COVID- 19 on sales. Here are seven key takeaways from their talk: Continue reading
Staples Sets its Sights on Larger Janitorial Cleaning Accounts
About a decade ago, Staples started carrying select cleaning products in its stores to help offset declining sales and low margins on some office supplies being sold. These products were largely targeted at small- to mid-sized commercial end users in office and professional settings, such as office managers. Therefore, the product mix was mainly surface wipes and restroom cleaning products. Continue reading
Will the FDA’s OTC Monograph Reform Foster Innovation Including Increased Rx-to-OTC Switch Activity?
After years of the OTC industry and the Consumer Healthcare Products Association working with the FDA to pass long-overdue OTC monograph reform and regulatory modernization, long-sought-after reform is now a reality thanks to the CARES (Coronavirus Aid, Relief, and Economic Security) Act. The act, which was passed by the U.S. Congress and signed into law by President Donald Trump on March 27, 2020, provides more than $110 million over five years for the FDA to significantly increase capacity and expertise in the Office of Nonprescription Drug Products. Continue reading
The Rising Demand for Plant-Based Meat
One of the greatest challenges the world is facing today is ensuring that the growing population has access to adequate, nutritious, and sustainable food. The global food system is under pressure to address this challenge, and this pressure is particularly high in the livestock production segment. The global consumption of beef, veal, poultry, and pork has grown by 30% in the last 15 years, according to the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO). The demand for meat will continue to grow more than 13% in the next 10 years. Plant-based meat analog is an attractive option to address some of these challenges and provide a sustainable and nutritious alternative to meat.Continue reading
I&I Professionals Value Sustainable Cleaning Solutions
Results from Kline’s large-scale survey of professional cleaning end users conducted with nearly 1,100 respondents indicate that green/sustainable cleaning products are important and valued among these customers.
- 69% of those surveyed perceive green cleaning products to be equally or more effective than traditional cleaning chemicals.
- 48% of the sample are willing to pay up to 20% more for green cleaning products, compared to traditional cleaning chemicals.
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- There appears to be more willingness to pay a premium for sustainable cleaning products among education, government, foodservice, and hospitality end users.
- 59% rely on third-party green certifications on product packaging or websites to identify green cleaning products, while significantly less importance is placed on brand name, images, advertising, or promotions.
Leading Distributors to Face a Challenging Road Ahead
Crop protection distributor sales volumes in 2019 are estimated to be down by approximately 3.8%, with margins down by about 1%. Volumes are based on the cost of sales level and percent change compared to estimated 2018 sales. Wet weather in much of the row crop markets resulted in nearly 6% less planted acres, or 15.8 million fewer acres treated. Factors that drove the 2019 crop protection market at the distributor level include the trade war with China, which impacted commodity prices and influenced farmer selection of crops to plant; new technology that influences seed selection; and a decrease of major planted crop acreage.
Top 10 Trends in Excipients for the Nutraceutical Oral Solid Dosage Forms Market
The overall nutraceuticals market is growing at a higher rate than pharmaceuticals. However, the growth in the nutraceutical market does not entirely translate to excipients market growth for nutraceutical OSDFs. The reason: Excipients are mainly used in the nutraceutical oral solid forms of tablets and capsules and not in forms such as protein powders or other functional foods that are growing at a slightly higher rate. While the United States is the largest market, the European market will be growing more quickly, with some segments, such as functional coatings for nutraceuticals, still developing.
Here are the 10 biggest trends in excipients for the nutraceutical oral solid dosage forms market:
Nutritional Supplements Gain During Coronavirus Outbreak – But Can The Market Sustain a Recession?
The COVID-19 pandemic has consumers scrambling to do more than kill germs on hands and surfaces. Amid the chaotic situation of out-of-stock shelves for cleaning products, hand soaps, and paper products, consumers are seeking ways to bolster their immune systems by eating more whole foods, increasing rest, and exercising. As a result, the nutritional supplements category is witnessing a strong surge in demand as customers turn toward multivitamins, single-letter vitamins, and specialty supplements. For one, Vitamin C products have seen a strong uptick in sales, as have other specialty supplements such as elderberry, zinc, and echinacea.
Key Growth Forces for the Latin America Biopesticides Market: An Outlook to 2024
The development of biological technologies for pest control in Latin American markets has been growing at an impressive rate over the last few years. As demand for healthier foods increases, so does organic farming, and the government actively supports the use of biological pesticides by purchasing from suppliers and selling to farmers at a lower price. On a global scale, the United States remains the leading participant in the global biopesticide market, with 35% of total sales, being followed by China at a distance with just over 11%. Argentina, Brazil, Chile, and Mexico are enjoying a steady growth rate, reaching ranges of between 2% and 3% of total global sales. Overall, the global biopesticides market is projected to grow at a CAGR of just under 10% over the next five years, reaching nearly USD 3 billion by 2024. However, the COVID-19 outbreak is a new potential source of volatility and a threat to the macroeconomic stability of Latin America and the Caribbean, but it is still too early to fully understand its impact on growth in these countries.
Aquarelle Lips, Ombré Brows, and Cat Eyes—All Compliments of Permanent Makeup
Social media’s latest trend is permanent makeup, as professionals and consumers alike show off the long-lasting results and various services available. Kline’s upcoming Permanent Makeup: U.S. Market Brief study forecasts strong growth in the segment, largely driven by influencers on social platforms but also supported by innovative services, an increasing number of estheticians, and a surge in independent technicians undergoing training to offer these services.
