As COVID-19 continues to spread across the world, it continues to impact global markets, including personal care. While many personal care products are essential, others are not, including products for which consumers will make alternate choices. Consequently, the pandemic is expected to adversely impact the demand for personal care ingredients. However, the impact is expected to vary from one product category to another.
Biotechnology is one of the fastest-growing categories of cosmetics products in the world.
In the personal care actives industry, the term “biotechnology products” indicates all products manufactured through bioprocesses, which primarily includes products produced with extracts from micro-organisms. Cosmetics companies are gradually adopting these technologies, as they offer better results on topical application and meet consumer demand for high-efficacy and natural products. Moreover, growing consumer awareness about sustainable sourcing favors the growth of biotechnology actives, which are derived from natural sources.
As COVID-19 continues to have a negative impact across the world, the International Monetary Fund (IMF) has predicted the global economy to shrink by nearly 5% in June 2020—1.9% lower than the decline of 3.0% predicted in April 2020. One of the many industries damaged by the pandemic: personal care. While many personal care products are essential, others are not, along with products for which consumers will make alternate choices. In addition, demand for personal care ingredients will also be impacted, as ingredient demand will closely follow product consumption trends.
This interview was originally published in Expression Cosmétique Guide des Ingrédients Cosmétiques 2018, p.28-30, www.editionsbgm.fr
The cosmetics industry and its upstream players are moving on with their transformation. Nikola Matic, Head of the Chemicals & Materials Department for Kline & Company, shares with us the main changes in the industry and the future trends.
Can you give us an update on the sales of ingredients in 2017?Continue reading
Kline’s research in Personal Care Ingredients is getting even more detailed with 2018 add-ons in ingredient groups such as color cosmetics and preservative boosters, split of Europe by key countries, redesign of surfactants and emulsifiers categories, and an analysis of natural ingredient trends. Below we highlight the key new developments designed specifically for the ingredient suppliers’ business needs.Continue reading
While a lot of events are being held around the world for cosmetic ingredients suppliers, it is in-cosmetics global that everybody is looking at as an industry compass. This trade show is a popular place for suppliers to introduce their newest products and technologies, and based on the industry’s reaction and interest, we can define where the market will be headed in the next year.
Looking into the list of award winners, the industry is still to be driven by green, skin protection, and skin microbiome-related ingredients. Most of these areas are not new; for example, the green mega trend has been driving the industry for over two decades, but is still a focal point for ingredients development in 2018.Continue reading
Globally, the personal care active ingredients market is one of the most innovation-driven ingredients marketplaces after pharmaceuticals. The ever-increasing quest for natural products with high efficacy and visible results by consumers drives the industry towards a dynamic environment of research and technological competence. This dynamic marketplace, offering viable growth opportunities, is drawing investments within the personal care active ingredients market.Continue reading
Savvy consumers have a sense of how advanced technologies can help attain a better, younger-looking and healthier complexion. End users in the United States consider expensive purchases as an investment in their appearance and self-confidence. As a result, cosmetic products that apply novel solutions with premium pricing are well-accepted, which adds to healthy growth of the U.S. market for active ingredients. According to Kline’s Specialty Actives in Personal Care: Multi-regional Market Analysis and Opportunities report, the market reached USD 365 million in 2016. To meet the demand for effective solutions, the supplier landscape is becoming highly competitive in terms of innovation, from new technologies to new ingredient categories and applications. In this article, we look into the most innovative solutions available on the U.S. active ingredients market.Continue reading
China is the largest market for professional skin care and the third largest consumer of active ingredients globally. What are the key growth drivers, which trends are reshaping the industry, and how will this region perform in the future? We asked Kline’s Chemicals & Materials industry experts to share their insights on this highly promising market.
What are the key drivers of the specialty actives market in China?
Today, Chinese consumers are increasingly concerned about the efficacy of cosmetic products and the active ingredients used in them.Continue reading