Ultra-specialized and hair regrowth devices entering the European market in 2015, supported by new apps that educate consumers on product usage, propel the perennially vibrant at-home beauty devices market by 18%, finds the recently published European volume from Kline’s Beauty Devices: Global Market Analysis and Opportunities report series. Growth is strongest in Eastern Europe and some Western markets, such as Germany and the United Kingdom.
A new segment of coverage for this year’s report series is the emerging hair regrowth products category. This category benefits from increased marketing surrounding the efficacy of the devices. “Hair regrowth has been around for over a decade, with HairMax being in the European market since 2002,” comments Ewa Grigar, Project Lead for the report series.
Boosted by the revolutionary introduction of bond multipliers, as well as easier access to care and styling products through expanded distribution, the salon hair care market in the United Stated shows the highest annual growth in more than five years. Recording a rounded 6% increase in 2015, the market remains vibrant, particularly due to categories like conditioners and hair coloring, which grow above the overall market’s increase. Additionally, the rise in independent brands, such as Kevin Murphy, Oribe, Unite, Keune, and AG Hair, provides increased competition for the leading brands.
In January 2014, Kline & Company, a worldwide consulting and research firm serving needs of organizations in the lubricants and base stocks industry, introduced its monthly Base Stock Margin Index, a characterization of recent cash margin contributions in the U.S. base oil market over the past 24 months.
The Index estimates cash margin contributions associated with U.S. Group II base stock production. It simulates EBITDA before the deduction of corporate SG&A expenses for typical VGO-based virgin base stock plants and RFO-based re-refineries. A more detailed description of the Margin Index can be found in the January 2014 release.
Recently published data from Kline’s annual Cosmetics & Toiletries USA report reveals that the makeup product class, which grows by nearly twice the market average, spurs the beauty industry forward in 2015. Trends like the highly coveted power brow, facial sculpting through techniques, such as contouring and strobing, and bold, luscious lips all contribute to a successful year for makeup. Kline’s expert insider Kelly Alexandre answers some key questions regarding the market’s performance and what to look for in the future.
The U.S. OTC allergy relief market has seen a period of rapid growth over the past five years, and 2015 was no exception. GlaxoSmithKline’s Rx-to-OTC switch brand Flonase Allergy Relief entered the market in February 2015 and made a huge impact on the OTC market by adding previous prescription users to the category. The OTC allergy market has seen a steady influx of Rx-to-OTC switch brands, which has resulted in rather high growth for this market over a fairly sustained period of time. In fact, the allergy category has grown by a compound annual growth of over 11% from 2010-2015, finds the latest edition of our Nonprescription Drugs USA report. This healthy increase is well above the typical growth for the overall OTC market, which grows about 2% to 3% per year on average.
As formulators are increasingly selecting specialty ingredients to improve the performance of their formulations, the share for such personal care ingredients has increased from 40% to 45% over the past several years, finds Kline’s recently published Personal Care Ingredients: Global Market Analysis. This report consists of concise regional reports per ingredient group and a comprehensive database containing data on over 130 personal care ingredients in all key regional markets.
The fashion and beauty industries have always been closely aligned, with runway trends often dictating the latest crazes in makeup and hairstyles. The two industries have now officially collided with the arrival of cosmetic textiles. The cosmetotextile market’s recent rise is paving the way for a new means in which consumers can consider their garments, providing a new growth avenue for both cosmetic and apparel manufacturers.
While pain management devices are not something brand new on the market—for example, transcutaneous electrical nerve stimulation (TENS) technology has existed for over 50 years—the market is witnessing a revolution thanks to the introduction of products like IcyHot SmartRelief TENS Therapy by the French player Sanofi, which has made pain management products more accessible and available to consumers.
Visitors of the 49th edition of Cosmoprof Bologna in Italy, the largest beauty trade show held in Europe, were not disappointed after exploring the latest market offerings from the beauty industry in 2016. While the show focuses on all aspects of beauty treatments from head to toe, this year’s edition seemed to highlight professional hair care for men and the world’s phenomenon of “plexes.”
From cutting, trimming, coloring, to braiding, conditioning, and styling, show attendees could simply enjoy the art of hairdressing embracing both the traditional and non-traditional tools of the trade. These ranged from simple shavers to the latest innovation in the form of a hair regrowth laser used in salons or at home.
Within the chemical industry, the personal care ingredients segment has traditionally been seen as a key growth area for manufacturers of specialty chemicals. The combination of factors that make this market attractive include its robust size and the above-average, sustainable growth rates. However, a specific segment of the personal care ingredients industry is considered by many as even more attractive active ingredients.
This segment’s higher profit margins and close to double-digit growth has attracted many ingredient manufacturers over the last two decades. Succeeding in this specialty niche requires a particular set of skills (notably claim substantiation, which is a key).