A round-up of the latest news and information you need to know to start your week surrounding all things beauty.

Legislative/ Regulatory

  • Cosmetics labeling in Australia gets regulatory attention. The Australian Competition and Consumer Commission has redoubled its attention to the thoroughness of product labelling and as well as the validity of product claims. In remarks to the Cosmetic and Personal Care Conference, Delia Rickard, deputy chair of the ACCC, explained the reason for renewed attention to these regulatory matters as well as how the body is dealing with them. (CosmeticsDesign)
  • California authorities call on cosmetics companies to participate in product survey. The California Air Resource Board (CARB), the clean air agency for the state government of California, has requested that all personal care companies complete a survey detailing products sold in the state during 2013. And the big incentive for all companies involved to get the survey completed by March 2, 2015 is the fact that companies will be fined a fee of $10,000 for every day they are late with their submission. The survey, entitled 2013 Consumer and Commercial Products Survey, calls on responsible parties from personal care companies to complete it, detailing product formulas and unit sales for items sold in the state of California during that year.  (CosmeticsDesign)

Business Portfolio

  • L’Oreal at work on bioprinted skin for cosmetics testing. Technology that will make this reality is advancing swiftly. The company collaborating with L’Oreal on bioprinted skin tissue has made promising progress and forged new research partnerships. Organovo, a 3-D bioprinting company, went public 3 years ago and now boasts 65 employees and close to a $500m market capitalization. From this position, the company is making headway on a number of cell printing initiatives. (CosmeticsDesign)

Industry Pulse

  • Consumers take control as customization in beauty grows. The recent launch of L’Oréal’s Makeup Genius app hit the headlines as a fantastic way of guiding women to the right products for their coloring and preferences. However, this launch doesn’t sit in isolation. It’s actually the culmination of women’s growing desire to reflect their individual needs and concerns across the beauty landscape. Mintel have recognized this ‘Customization’ trend as instrumental in the 2014 beauty world as many are no longer willing to be passive recipients of cookie-cutter skincare, haircare and make-up products. (Premium Beauty News)

Market GPS

  • Personalized make-up key to cracking tough Spanish market. Personalized make-up products hold the key to success in the Spanish market as marketers face a tough challenge in an unfavorable economic environment. A difficult financial situation puts further pressure on brands to go the extra mile stand out in Spain, the current make-up market is in a state of decline. According to a new report from Canadean, the Spanish make-up market has a forecast negative CAGR of -1.4% in value and -1.8% in volume over 2013-2018. (CosmeticsDesign)
  • Shiseido, Kao and Kosé dominate local market in Japan but e-commerce needs boost. Local companies Shiseido, Kao, and Kosé are dominating Japan’s beauty industry as they better engage consumers, although global brands are leading when it comes to e-commerce adoption. According to L2’s newly released Digital IQ Index: Japan Beauty, the three local conglomerates control 34% of the country’s skin care and 43% of the colour cosmetics market; with six of the top 10 brands as ranked by L2 based in Japan. The digital analyst’s latest report states that brands are having to make big efforts in what is a stagnant market, and this shows as only 21 companies are rated as ‘Gifted’ or above on L2’s scale. (Cosmetics Design)
  • Vietnamese cosmetics expansion still limited in Asia. Local Vietnamese cosmetics brands are having difficulty broadening their presence in Asia due to fierce competition and a lack of resources to fund campaigns. Cambodia is the only market in ASEAN where Vietnam has been able to maintain export growth and trade surplus. Household appliances, cosmetics and other good quality and suitably priced products are all in high demand. According to a watchdog on the Asia-Pacific region; VietNamNet Bridge, whilst foreign brands like Hazeline, Pond and Nivea are flooding the market, Thorako, a Vietnamese domestic brand popular for its creams since the 60s, now holds merely 20% of the domestic market. (CosmeticsDesign)
  • China cosmetics rank high in chemical risk list. China has ‘once again’ been named the front-runner of a “hit list” of dangerous products, according to the German Institute for Occupational Safety and Health’s (Baua). The Federal Institute for Occupational Safety and Health in Germany revealed the largest product type on the list was consumer products for home and leisure, followed by cosmetics which included skin creams and hair dyes. The RAPEX analysis system, which examines questionable products across many industries, detected 31.5% of defective products to have come from the People’s Republic. (CosmeticsDesign)

 

1938 is the online magazine blog for Well-Kept Beauty, formally entitled Primer.

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