European Salons Reopen, But What’s Next?
As salons in most European countries reopen in May (in Russia, they began reopening as early as April 20), all stakeholders of the industry are counting losses and looking ahead. This year is the most challenging in particular for salons, as their closures for one to two months and restricted operations have greatly impacted revenues.
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
[Live Webinar] A 360-degree Look at CBD in Beauty, Health & Wellness, and Food & Beverages Industries
Across the United States, cannabidiol (CBD) has emerged as a prominent ingredient used in the healthcare, beauty, and food & beverages industries. Owing to the passage of the 2018 United States Farm Bill, which legalized the cultivation, sale, and distribution of hemp, consumer attitudes and usage of CBD enhanced over the past two years.
Considering cannabis-infused food and beverages, the overall market achieved strong double-digit growth of over 70% in 2019. Meanwhile, the market for CBD health and wellness products is forecast to reach nearly $2 billion by 2024 with steady growth every year. In the beauty industry, CBD remains the “it” ingredient that can be found in everything from skin care products to makeup and hair care.
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.
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.
Personalized Beauty: The Right Antidote for the Sheltering-in-Place Consumer
Pre-pandemic, the next level in personalized beauty was artificial intelligence (AI) and augmented realty (AR) technology, as shown via countless displays at the Consumer Electronics Show in Las Vegas. Now, in this new era of social distancing, consumers are craving a human touch more than ever as shelter-in-place orders prohibit the physical shopping experience, and personalized beauty brands seem to be the perfect antidote to fill this void.