U.S. Marketers Bet Big on Cannabis-Infused Products
Cannabis has emerged as the new buzzword across many U.S. industries as a result of the 2018 Farm Bill, which legalized the cultivation, sale, and distribution of hemp. The overall market for cannabis-infused food and beverages achieved strong double-digit growth of over 70% in 2019, while CBD health and wellness products are expected to approach $1 billion by 2024 with strong growth each year. Driving market growth is strong word-of-mouth and growing consumer interest in new and natural ingredients.Continue reading
Changing Forces in Wax Business Environment Create New Challenges
The shift from conventional petroleum wax-based products to synthetic and vegetable waxes is becoming intense. Non-conventional waxes, particularly Fischer-Tropsch’s and hydrogenated vegetable, are increasingly becoming the focus for growth in the wax business. Interestingly, the wax landscape is also changing on the end-use side.
Key Drivers of the Russian Metalworking Fluids Market
Metalworking fluids is the second-largest category within the industrial lubricant segment in Russia. The segment has been stable without large variations over the years. However, due to the steady annual growth of automotive production in the country and increasing exports of steel and primary metals over the past few years, it is expected that demand for metalworking fluids will keep growing in line with growth in the manufacturing sector.Continue reading
Steps Toward a Sustainable Salon Industry in Europe
Last week, we had the pleasure of attending an exciting event—Hairdressers Ahead, a European congress by Coiffure EU—that raised awareness about the importance and benefits of “going green” in the salon environment. Although the topic of waste and environment is highly discussed in various industries, it’s still in the nascent stage in the salon hair care industry in Europe. A political officer from the EU Commission discussed the steps that are being taken on the government level to minimize waste in the industry, including the development of a real market for green products and minimizing greenwashing.Continue reading
Professional Skin Care: Engaging Consumers in the New Decade
Taking measures to reach new skin care consumers and devotees, professional skin care marketers are pushing beyond their traditional selling environments and product offerings more than ever. From the emergence of new outlets to express services, these initiatives helped sales for these brands around the globe rise 5% to reach nearly $8 billion in 2019.Continue reading
Changes in China’s Economy—and What They Mean to Lubricant Suppliers
With China’s slowing GDP, many changes and new economy sectors will play an increasingly important role in the country’s future economic growth. China’s economic structure is transforming from investment- and export-driven to consumption-driven, with manufacturing and growing domestic consumption. Its changing economic strategy will bring both opportunities and challenges to different end-use industries.Continue reading
Food Safety and Environmental Concerns are Key Trends Among Commercial Foodservice Cleaning Professionals in Europe
When it comes to the professional cleaning of commercial kitchens, key market trends including control of foodborne illness, food safety, and strict sanitation regulations are all drivers propelling growth of foodservice cleaning products. Regulations increase cleaning frequency for end users but also push manufacturers to develop new products that protect human health and the environment. Food safety and prevention of foodborne illness are concerns for all end users but particularly those serving the public. These have led to improved sanitation practices and include higher cleaning standards, sanitizing of hands, sanitizing of dishes and other kitchen wares, and hygiene programs and training for employees. Continue reading
Ethical Labeling in Food and Beverage
The concept of healthy living has evolved over the years to include a holistic approach to self-care. This promotes the notion of eating healthy and organic foods, taking supplements, using cleaner personal care products, exercising, and managing stress.
In their quest for greener and cleaner living, an increasing number of consumers opt for food and beverage products that they perceive to be “clean” or “natural.” Products with claims such as gluten-free, non-GMO, no artificial colors or preservatives, organic, and grass-fed are gaining more space at retailers’ shelves. Kline’s findings from the already-conducted Clean Label in Food and Beverages consumer survey indicate that slightly more than half of the respondents feel that purchasing natural/clean-labeled food products is essential or very important to them. They also cite that natural/clean foods have a positive effect on their health.Continue reading
Beauty Tech Sets Personalized Services on a New Trajectory.
Personalization is set to become a mainstay trend in the beauty market, judging by product launches and reveals at the Consumer Electronics Show held in Las Vegas last week. Some key launches include L’Oréal’s Perso, a handheld device that offers personalized skin care and is looking to expand to provide custom lipstick and foundation formulas, and Réduit’s Réduit One, a handheld device delivering hair treatments more effectively by increasing absorption levels. Continue reading
Biologics Boom: Great Opportunity for Chemicals Suppliers
Biopharmaceuticals commonly called “biologics,” include a wide variety of products derived from human, animal, or microbial sources with the help of biotechnology. A surge of bio-APIs and their growing penetration into multiple therapies create an attractive market for pharmaceutical chemical suppliers.Continue reading
