News & Analysis on Cosmetics Innovation
Media and consumer attention towards certain ingredients used in beauty and personal care can stifle innovation in the industry, according to a Euromonitor analyst.
The economic downturn has taken its toll on the Canadian cosmetic manufacturing industry with revenue only growing a meager 0.7 percent per year to an average $1.7 billion in the last five years; but the next five are tipped to fare better.
Specialty chemicals company Clariant’s cosmetics ingredients site in Tangerang, Indonesia has become the firm’s eighth location to achieve the Cosmetics Good Manufacturing Practice (GMP) certification.
Regulations in countries around the world need to change to outlaw animal testing in cosmetics, rather than the manufacturers themselves, according to the industry-specific organisation set up by the BUAV.
One of Avon’s biggest stakeholders says the business needs significant restructuring to turn it around but believes CEO Sheri McCoy is the right person to put the business back on the right track.
Ingredients provider International Flavors & Fragrances has reported strong sales gains for its fourth quarter, with the flavors division propping up a softer market for flavors.