It is an interesting time to be a brand in today’s beauty retailing environment. While retail is a unique experience for every brand and each brand must assess where their consumers are shopping, Kline’s latest Beauty Retailing: U.S. Channel Analysis and Opportunities study finds that there has been a shift in where consumers are shopping for cosmetics and toiletries. Among these market-moving channels, it is evident that there are sub-channels that will continue to push growth of the industry forward. Kline predicts that the sub-channels that will grow the strongest during the forecast period are the Internet, cosmetics specialty stores, and vertically integrated specialty stores. (more…)
Plenty of space for growth resides within the finished lubricants market, particularly within niche markets, such as bio-lubricants. Currently comprised of roughly 1% of the total finished lubricant market and driven by governmental regulations, it is expected to grow at a CAGR of 5% over the next five years, according to the latest report Opportunities in Bio-lubricants: Global Market Analysis by global market research and management consulting firm Kline.
Pharmaceuticals is one of the largest and most essential industries worldwide. The global pharmaceutical market is worth over USD 1.1 trillion as of 2016 and is expected to grow in the range of 4%-7% annually over the next five years. Among the several routes of drug administration prevalent in the pharmaceutical industry, oral route is the most widely used, accounting for around 55% of the global pharmaceuticals market value. Furthermore, within orals, solid formulations are the most preferred dosages for their ease of administration, dosage accuracy, stability, and cost-effectiveness. OSDFs is a key growth segment for the global healthcare industry, especially with the growing emphasis on expanding affordable healthcare. (more…)
We are about to kick off the 43rd edition of Cosmetics & Toiletries USA, our flagship report that takes a close look at the key drivers and trends, relevant product launches, changing competitive playing field, and evolving retail channel landscape that transform the beauty and personal care market, with a forward-looking analysis through 2022. Naira Aslanian, the report’s project manager, answers questions about key topics that will be investigated, including two agents that are helping to transform the industry landscape: indies and beauty boxes. (more…)
The U.S. market for OTCs has shown a compound annual growth rate of only 2.6% from 2011 through 2016. Most years during that five-year period the market have shown 3.0% or less year-over-year growth, with the exception of 2014 to 2015, when the market was up nearly 5.0%. This was largely driven by the return to market of previously recalled brands. By comparison, natural OTCs (which refers to non-drug, non-monograph, plant- or supplement-based, or homeopathic products that often make claims of support, prevention, maintenance, and/or treatment of minor conditions or ailments) have grown strongly by double digit gains over the same timeframe. (more…)
While development of a parenteral drug formulation is challenging, highly regulated, and requires high investment, the market of specialty excipients is forecast to grow faster in the parenteral route compared to the oral solids route. Driven by a growing need for oncology drugs, the market of specialty excipients in the parenteral segment is expected to grow at 7.5% annually in the United States and Europe combined in the next five years, finds the recently published Specialty Excipients for Parenteral Pharmaceuticals: Market Analysis and Opportunities report. (more…)
Last week’s announcement that Henkel will acquire Shiseido’s North American professional hair care business is the latest step in the company’s path to the top of the leaderboard in the global salon hair care industry. According to data from Kline’s Salon Hair Care Global Series, this plus its earlier 2017 acquisition of Pravana will nearly double Henkel’s share in North America from 7.7% to 13.6%, ahead of Coty’s 11.1% and ELC’s 8.1%. (more…)
Kline has surveyed nearly 750 end users, including those in the restaurants/hospitality, healthcare, industrial, retail, and education sectors, for the 2017 edition of its well-regarded Foodservice Cleaning Products USA study. The results confirm the importance of food safety compliance in commercial kitchens and food preparation areas. Among end users of foodservice cleaning products, food safety compliance was the single most important trend impacting their business. Employee training and compliance in relation to cleaning and guest experience ranked a close second. Minimum wage increases, green cleaning, and IoT and smart/Internet-enabled warewash machines held secondary importance. Social media and its impact on the business, such as Yelp, Open Table, and other reviews/images, was the least important trend among foodservice cleaning products end users. (more…)
Retail aisles and OTC shelves change all the time and vary by category, retail channel, and time of the year. Keeping abreast of what’s happening on shelf is an arduous task, and it’s even harder to track trends over time for OTC sales professionals and brand managers. Therefore, Kline is announcing a powerful new image database to help our clients stay informed of trends in major retailers for their brands and categories. Retail Landscape: OTC Drugs is a fully searchable, filterable image database of actual images taken in stores monthly. Images are uploaded to the database monthly and can be searched by category, brand, company, retail channel, store, location, and date. (more…)
Male grooming breaks new ground in the beauty industry to become a $4.5 billion titan for brands. Dominated by impactful acquisitions, dynamic indies, innovative leading companies, new launches, and a strong online presence, this market segment should certainly be on everyone’s watch list.
Join us on Tuesday, November 7, for an exclusive webinar on key highlights from our just-published Male Grooming Products: U.S. Market Analysis and Opportunities report. (more…)