A round-up of the latest news and information you need to know to start your week surrounding all things beauty and grooming.
- By July 16, 2015, cosmetics manufacturers will be prohibited from marketing leave-on products in Europe that contain a preservative mixture of methylchloroisothiazolinone and methylisothiazolinone under a ban the Cosmetic Ingredient Review Expert Panel anticipated with concern in recent meetings. Simultaneously, the EC announces stricter limits on propylparaben and butylparaben in personal-care items. (The Rose Sheet)
- As most cosmetics brands up their digital spend and the online influence grows, beauty brands need to take e-commerce and digital ecosystems into consideration, and in online marketplace powerhouse Amazon.com there is big potential. (Cosmetics Design)
- In 2014, the market value of haircare products formulated for Black consumers was estimated to be worth $774 million, a 12% increase since the recession in 2009. A rise Mintel attributes to hair playing a vital role in shaping image. Mintel estimates that the Black hair care market (defined as hair care products formulated for and specifically marketed to Black consumers) is up 2.5% from last year. According to the market researcher, just 36% of Black consumers (vs. 48% of White consumers) use anti-aging facial moisturizers and four in 10 (41%) don’t use any type of anti-aging facial skin care product. (Cosmetics Design)
- Globally, the African beauty market is gaining prominence. According to new market research by Mintel, the African-American hair care market will reach US$774m in 2014PS. When Lancôme selected Kenyan Oscar winner Lupita Nyong’o as its new ambassadress earlier this year, the company hit on several beauty industry trends: the revival of a more natural beauty, a celebration of bright colours and joie de vivre, and an acknowledgement that women of all shades and colours exist. (Cosmetics Business)
- With average growth of 9 percent year-on-year since 2008, the Korean Skin Care and Cosmetics industry remains a beacon in the Asian market. The Beauty industry in South Korea is highly concentrated, with half of the market controlled by AmorePacific Corp. and LG Household & Health Care. These domestic players outmaneuver their global rivals with product and packaging innovation and creative use of Korean celebrities to drive awareness and relevance. This local advantage extends online—AmorePacific averages the highest Digital IQ of all conglomerates, and local brands captured seven of the top 10 spots in the Korean Beauty Digital IQ Index®. (L2 Think Tank)
- In a new survey, market researcher Canadean investigates the UK’s skin care market, determining personalisation as being the up and coming trend in the category. The new survey finds many British customers prepared to go far to find their personal skin cream match. (Cosmetics Design)