All the news we hear at the moment regarding the developing markets is positive and this is no different for Mexico, after a market researcher singled out fragrance as the fastest growing sector holding great potential.
Although the Coty IPO has made a significant impact on the company’s own funds, it seems that the flotation has not provided any immediate returns for investors.
In this latest blog, Imogen Matthews looks at the new trend of product customisation and evaluates whether or not it can provide enough impetus to become the next big thing for the cosmetics industry.
Specialist ingredients provider Oat Cosmetics says it has ensured access to the France and Belgium markets through an agreement with distributor Cornelius Group.
A European Commission review that found 36 hair dye chemicals ‘may not be safe for use’ and that consumers are not ‘effectively protected’, has led a leading dermatologist to raise concerns over proper labelling, although industry has reiterated the safety of products found on shelves.
China is a target market for many industries particularly cosmetics, due to rising affluence in the region and the fast economic growth it is displaying; and this will see fragrances boom in the coming years too.
South Korea is now the world’s biggest market for men’s skin care, underlining the enormous up take in men’s grooming products in this small country, latest research from Euromonitor reveals.