Doctors Pivot to E-Commerce to Cater to Skin Care Needs
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
Will COVID-19 Enhance the Case for Bio-Lubricants?
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.
Who’s Next: A Look at Natural Personal Care Acquisitions (Part Two)
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 Market in a Post-COVID World
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.
Who’s Next: A Look at Natural Personal Care Acquisition Targets (Part One)
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
Sharp Decline in Fuel Additive Demand Seen for 2020 with Recovery from 2021 Onwards
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.
E-Commerce Is More Essential than Ever
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
Personalization Trend Enters the Vitamin Market
American consumers are increasingly using personalized subscription services for clothing, beauty products, and meal kits—plus vitamins and nutritional supplements. In a category worth more than $10 billion—with as much as 75% of the population regularly consuming supplements—the sheer number of available products and brands can be confusing. That’s why personalization makes sense, as it helps consumers navigate a somewhat perplexing category. Continue reading
Interest in DIY Boosts Sales for the U.S. Consumer Pesticides and Fertilizers Market
When consumers encountered problems with rodents or insects in their homes and gardens in the past, their first thought was to contact the local pest controller or garden service. But over time, with greater retail product availability, consumers have made the switch to conducting treatments at home by themselves. This allows for quicker, easier treatments and, most importantly, greater savings for consumers who don’t have to worry about labor costs. In 2019, sales for consumer pesticides and fertilizers were estimated at almost USD 6 billion, an increase of nearly a billion dollars in three years, as reported in Kline’s Consumer Pesticides and Fertilizers Market: U.S. Market Analysis and Opportunities.
