The makeup industry is still booming despite inflation, and collective retail sales of eye, face, and lip products are on track to surpass $16.8 billion this year. While the last decade has been characterized by fluctuating performance for color cosmetics, consumers returning to the category and new channels of discovery have allowed makeup marketers to hit their stride once again. In 2022, retail sales for these products rose 13% according to Kline’s Cosmetics & Toiletries USA, and unlike other categories in beauty where consumer demand was relatively unchanged, makeup’s momentous year was driven by more than price hikes.
From Boom to Sale: Hand Care Leader GOJO Seeks New Ownership
Making news in the hand care segment, GOJO, the maker of Purell hand sanitizers and hand soaps, has recently announced that its business is up for sale. The independent company, founded by Jerry and Goldie Lippman in 1946 in Akron, Ohio, has emerged as a dominant force in the market, thanks to the soaring popularity of its flagship brand Purell. “GOJO sells its products to consumers, but the B2B side represents a larger opportunity,” comments Laura Mahecha, Kline’s Director of I&I Cleaning Products.
The Rapidly Changing Empty Hard Capsules Market: Where Do Opportunities Lie?
The market for empty hard capsules (EHC) is undergoing a notable transformation, with an increasing preference for tablets among formulators. Not only did all seven of the regional markets we analyzed in our recent Empty Hard Capsules: Business Analysis and Opportunities series behave in unique ways in 2022, but the different capsule polymers also saw changing market dynamics. In the midst of this flux, what lies ahead, and where will the business opportunities be found?
Five Facts About the Global Medical Dispensing Skin Care Market
The global medical dispensing skin care market remains buoyant, increasing by a double-digit rate of 11% in 2022, according to our recently published Medical-Dispensing Skin Care: Global Screening Assessment report. Despite challenges such as supply chain and staffing shortages, the market has returned to healthy pre-pandemic growth levels and is inching toward the $3 billion mark. Sai Swaroop, Industry Manager in our Beauty and Wellbeing sector, is answering five key questions regarding the state of the market:
Immersion Cooling In Data Centers: An Emerging Opportunity
Given the heightened focus on climate control and sustainability, data centers worldwide are working full throttle to develop cooling solutions that utilize less power and consume less water, providing opportunities in a rapidly developing technology: immersion cooling.
Middle East Set for Surge in Synthetic Latex Polymers
Significant growth is expected for synthetic latex polymers in the Middle East, according to our latest research.
Kline Celebrates Earth Day With Volunteerism, Special Tributes
“The greatest threat to our planet is the belief that someone else will save it.”
— Robert Swan, environmentalist and explorer
Kline & Co. took those words to heart on this year’s Earth Day, with teammates across the globe coming together to celebrate and, following the event’s official 2023 theme, “invest in our planet.” Here’s a recap of our endeavors:
The Rebirth of the Mono-Brand Concept in Beauty
Our Beauty Destinations: Intelligence Center revealed a muted finish to 2022 for the mono-brand channel. Brick-and-mortar store sales for key vertically integrated retailers tracked, including Bath & Body Works and The Body Shop, collectively dropped 4% last year, as consumers curtailed their store visits and spend levels due to economic worry. Meanwhile, retailers such as bareMinerals and Morphe exited the channel to strengthen their digital and wholesale businesses.
Highlights From Top Hair International: Discovering Top Launches in Hair Care
Earlier this month, Dmitrii Bachukin, Researcher in our Beauty and Wellbeing sector, attended Top Hair International, a highly regarded professional hair care trade show in the DACH region. A broad range of activities—including live demonstrations, interactive booths, educational sessions, and networking opportunities—were offered.
I&I Hand Care Market Sees Permanent Shifts Following Pandemic
After several chaotic years, the away-from-home hand care market is finally resetting – and some recent changes are here to stay.