Intimate beauty was deemed a trend poised to shape the cosmetics and personal care industry this year. Now, with the unprecedented COVID-19 outbreak, consumers have prioritized essential items such as hand sanitizers, body cleansing products, and facial skin care. So what does this mean for intimate beauty care products as we make our way through 2020? Continue reading
Following a year of respectable performance in 2019 with 4.2% sales gains, the U.S. home fragrances market is poised to end the year with flat growth, which is considered an outstanding result in these uncertain times. Continue reading
The global general industrial oils (GIOs) and grease market was growing slowly at a 0.2% CAGR from 2014 to 2019. But with the arrival of the COVID-19 pandemic, the market has been driven from low to negative growth, with some industries not likely to fully recover even by 2024, forecasts Kline’s recently published report, General Industrial Oils and Grease: Global Market Analysis and Opportunities. Kline’s most–likely COVID-19 scenario estimates the 2020 overall decline in GIOs and greases to be around 13%. However, a strong recovery with a CAGR of 2.7% is expected between 2020 and 2024. While North America is projected to see the greater rate of decline, developing markets such as Africa and the Middle East are estimated to grow quickly once they begin to recover from the COVID-19 shutdowns.
Consumers have shifted to hand sanitizers in the last few months as an adequate substitute for handwashing to protect themselves against COVID-19. Due to the unprecedented surge in demand, heritage players like Purell and Bath & Body Works are facing out–of–stock issues, while a new wave of products has emerged courtesy of beauty companies large and small, including LVMH and Tan-Luxe. Continue reading
Driven by health-conscious consumers, social influencers, technology, people who are increasingly adopting flexitarian diets, millennials, and the rise of Gen Z, food and beverage indies are witnessing double- and triple-digit growth rates. Some of the key product types offered by these indie companies include protein-based, meat-alternative, and plant-based products.Continue reading
As some coronavirus lockdowns are being lifted across the United States, restaurants are gradually reopening. Some are operating indoors with limited capacity, others offer outdoor dining, and some are selling food for delivery and take out. One thing they all have in common is that cleaning frequency has increased dramatically, and hygiene standards are more important than ever. Continue reading
Among the major shifts occurring in the salon industry are stylists moving from salons to independent businesses. The recently published Independent Stylist Study covering the United States, the United Kingdom, France, Russia, and Brazil reveals the key reasons independent hair stylists could become the turning point for the professional hair care industry. Here’s a rundown: Continue reading
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.