Date: Wednesday June 11, 2014
Location: Centre International Deauville, Deauville, France
Conference: Occurring every two years, the World Perfumery Congress (WPC) is a unique three-day educational and networking forum uniting fragrance industry professionals, their suppliers and brand marketers to discuss current and future opportunities. A multinational group of thought leaders will present the latest innovations in ingredients, formulation, product development, sustainability and other hot-button issues at the WPC conference. Visit the WPC exhibition to investigate new products, services and ingredients from nearly 100 of the industry’s leading suppliers. Meet new industry contacts and visit with fellow fragrance professionals during the ample networking opportunities WPC provides.
Continue reading "Euromonitor to Speak at World Perfumery Congress 2014" »
Analyst Insight by Anais Mirval - Ingredients Analyst
Along with incomes, social aspirations are growing in Latin America. Consumers are becoming more concerned about their image. And, of course, they want that image to be at its best according to their financial resources. Thus, demand for sophisticated products is increasing.
In order to stop consumers from trading up and switching brands, manufacturers of hair care and deodorants are reformulating or expanding their product ranges to incorporate “luxury-feel” fragrances. With hair care and deodorants becoming the main beneficiaries of consumption, fragrance manufacturers should increasingly focus on these customers and boost demand by offering low-cost complex scent blends.
Annual Disposable Incomes of Latin American Households
Source: Euromonitor International
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Analsyt Insight by Nicole Tyrimou - Beauty and Personal Care Analyst
The beauty industry slowed moderately in 2013, growing by 5% compared to 6% in 2012, due to a slowdown in emerging markets, specifically China and Brazil, as well as in innovation hub South Korea, a lustreless performance which was bad news to premium players. Latin America and Middle East and Africa remained the only regions growing by double digits, despite issues like high inflation, taxation and unstable political climates hindering prospects in many markets within the regions.
Multi-Benefit Becomes Universal
The most defining trend in 2014 will continue to be cross-category alignment, as consumers have become even more accustomed to paying for convenience as well as trying novel products and services. The vast information available, especially in the form of online reviews, has helped minimise the risk of trying new offerings for consumers. BB/CC creams’ robust progression is a testament to how the convenience and novelty that these hybrid products provide has been a successful recipe for beauty companies.
Continue reading "Top Five Beauty Trends in 2014" »
Download "Revitalising Hair Care: Exploring Future Growth Prospects," presented at inCosmetics 2014 on April 1st by Oru Mohiuddin, Senior Analyst of Beauty and Personal Care Research.
Continue reading "Revitalising Hair Care: Exploring Future Growth Prospects" »