Cosmetics is one of the few areas in which millennials buck the trend of being “nowners” (no-owners) and are keen to spend, according to a recent overview by Euromonitor International.
Unilever felt the full force of the slowdown in emerging markets, with China in particular making for bad news; and even the performance of its largest, and normally more reliable, category, Personal Care, took a hit.
According to MeadWestvaco, consumers in markets such as the US, where packaging is highly developed, are much less satisfied with personal care packing than less developed markets such as Brazil, China or India.
For many years we have been concerned with how we age, how to get rid of wrinkles and keep skin young; and when it comes to hair care, this is no different, with the anti-aging trend driving the market with the US and Japan poised to pounce.
The global Fragrance and Perfumes market is expected to grow over the next five years, driven primarily by growth expected in the underpenetrated emerging markets such as Asia-Pacific.
Thanks to a strong fourth quarter in the hair care segment, Unilever signed off a good year of growth in Personal Care, as well as its other consumer categories, with the announcement of its full year results.
Hair colourants, conditioners and styling agents offer the best opportunities for hair care in the developed markets as the ‘affordable luxury’ trends picks up pace, according to market analyst Euromonitor.
A combination of its recent acquisitions, a strong personal care push and the continued performance of the Dove brand has given Unilever a strong start to the year, as it posted a turnover increase of 11.9 per cent to €12.2bn in the first quarter.
On the back of its fourth quarter 2011 results announcement last week, Unilever CFO Jean-Marc Huet has reiterated that the Personal Care business and emerging market push that helped boost those figures will remain key factors in the company’s future...
Having already tailored its business increasingly around personal care, Unilever CEO Paul Polman says the company is hoping to eventually derive most of its sales from emerging markets.
German manufacturer Henkel saw a boost in its Q2 profits thanks to an increase in raw material prices to combat rising input costs, with growth in the emerging markets in the double-digits for the cosmetics business.
Procter and Gamble posted double-digit growth in the fourth quarter; however it expects a slowdown in the US, Europe and other developed markets following the current financial struggle.
Following a disappointing fourth quarter Avon Products has reappointed its existing CFO Charles Cramb to head up its developed markets group, leaving the key finance position vacant.
Procter & Gamble’s focus on the emerging markets is paying off as net sales for the first quarter show a strong increase, but net earnings take a tumble on rising costs.
The recession has served to emphasize both Procter & Gamble’s and Colgate-Palmolive’s ambitions to target emerging markets for future growth, latest financial reports find.
Growth in all its geographical markets excluding the US helped France-based natural cosmetics company L’Occitane deliver a profit above original estimates.
Having been hard hit by the economic downturn in 2009 L’Oreal says new markets will help to counteract limited growth opportunities in developed markets.
With the growth of cosmetics sales continuing in most of the major developing markets new opportunities continue to proliferate for niche cosmetic players, but now is the time to get in on the act.
With its main markets in developed countries still struggling under the strain of the economic downturn, Beiersdorf CFO Bernhard Duetmann says the business is not out of the doldrums yet.
Kose, one of Japan’s biggest cosmetic and personal care providers, says it will start to focus on developing international markets to counterbalance weaker developed markets.
Sales for the beauty segment of the direct seller Tupperware dropped in the second quarter, although emerging regions stood up better than developed markets.
Recent retail statistics from China show particularly strong consumer goods sales, vindicating the continuing investment the big players are pouring into the region.
Rexam Beauty used last week's Luxe Pack show in Monaco to showcase
its most recent beauty packaging launches for the Brazil, China,
Indonesia, European and US markets.
Cosmeceuticals, or supplements that target skin health and beauty,
are seeing fast growth in Europe since emerging as a new concept
but much of the growth so far has come from a handful of brands,
reports Dominique Patton.
