As a commanding $13.4 billion business, the global male grooming market posted nearly 4% growth and is expected to reach $15.5 billion at the manufacturers’ level by 2017. However, the category’s performance has not been regionally uniform. Western Europe, the largest male grooming market, revealing low single-digit tumescence, while in Asia, the highly-advanced male grooming markets in South Korea and Japan, coupled with the newer vigorous markets of India and China, are driving the growth of the industry.
The sun’s rays–usually associated with warmth, vacation, energy, and essential vitamin D–are also our skin’s #1 enemy. For personal skin care manufacturers, they are also a challenge–a compelling invitation to build sustainable business and jointly play an instrumental role in educating consumers about the hazards of overexposing skin to the sun’s rays.
Skin cancer is an ever-growing concern, particularly among the fair-skinned. Aging is the leading skin care condition in the United States, followed by hyperpigmentation. With both of these skin care conditions exacerbated by overexposure to the sun, it is telling that market segments addressing these conditions posted solid gains in 2012, growing by over 4%, according to Kline’s research on the professional skin care market. (more…)
Filed under: Consumer Products | Tagged: after sun products research, self-tanning products research, sun care industry, sun care market in the united states, sun care products market, sun care usa, sunscreen report | Leave a Comment »
Despite the generally challenging economic climate, the U.K. professional beauty market remains among the fastest paced across all European countries. Today’s cautious, more enlightened, and empowered British consumer is demanding more affordable products and better in-store services to complement their beauty regimes and not tax their budgets.
Taking the biggest cut, the hair-care segment continues to keep ahead of the United Kingdom’s professional beauty market with a 65% total market share, generating £370 million (USD 560 million) in sales at the retail level in 2012. However, consumer visits to hair salons continue to decrease, particularly in the lower-end segment. (more…)
Filed under: Consumer Products | Tagged: beauty retailing, cosmetics and toiletries, nail care, professional hair care, professional skin care, salon hair care, skin care, U.K., United Kingdom | Leave a Comment »
Earlier this week, top executives from the U.S. salon industry gathered at the 2013 International SalonSpa Business Network (ISBN) Conference in San Antonio, TX, marking the organization’s 40th anniversary.
Among the highlights of Monday’s activities included a panel discussion moderated by Cosmoprof’s Pat Neville. Panel participants included Reuben Carranza, CEO of Wella, The Salon Professional Division of P&G North America; Martin Flaherty, Senior VP of Business Development at Colomer Beauty Brands USA; and Kristin Firrell, VP of Product Development and Education at John Paul Mitchell Systems.
Here are some of the highlights from the panel discussion: (more…)
The Bed Bath & Beyond chain of home goods stores isn’t the first place one might think of as a key retail channel for beauty and grooming products, but that may be changing in the future. Since the company purchased the Harmon health and beauty care chain in 2002, it has been putting Harmon departments in its other stores. The company is becoming more aggressive with acquiring new companies, as well as opening new locations, and is further focusing on a cross-pollination strategy, bringing themes from one type of store into another. (more…)
Significant societal changes and quality-of-life augmentation in China are compelling Chinese consumers to put on a better face. China is seeing a crucial and auspicious shift in women’s life styles as they become more inspired by emerging career opportunities, access more disposable income, and generally seek greater life expectations. Their notable and increasing independence is being combined with a professional impetus to focus on their appearance – the latter often inspired by celebrity-led trends. (more…)
As Southeast Asia’s most populous nation and its largest economy, Indonesia has been blessed with rapid growth and finds itself in the middle of a consumer spending fever that is likely to continue for years. While the familiar emerging markets of Brazil, Russia, India, and China have slowed down or even declined, Indonesia keeps attracting foreign investors. A recent New York Times article notes that in the first quarter of this year alone, foreign investment in Indonesia has soared by 27%, with particular emphasis on the Indonesian consumer. (more…)
An increasing focus on encouraging domestic consumption, potentiated by upcoming new and transformative pesticides registration standards, suggests robust opportunities for the pest-control sector in China. China’s reorientation from an industrial/export-reliant economy to a service/domestic-consumption one is advancing rapidly, with The Economist recently reporting that the country’s relatively small service-sector output is expected to exceed the county’s mighty industrial production within this year.
According to Kline’s soon to be published Global Professional Pest Management Markets for Pesticides: Market Analysis and Opportunities, total non-agricultural pest control service sales in China in 2012 alone are estimated at CNY 3 billion to CNY 4 billion (USD 476 million to USD 635 million), with pesticides sales expected to grow annually by 6.7%. (more…)
Despite the considerable amount of skepticism when it comes to natural and organic products, there is a segment of shoppers that might not be huge, but is loyal to buying these types of products. The categories with most loyal shoppers of natural or organic products are baby food, produce, dairy, and vitamins/supplements. According to The PULSE of Shopping Life: Natural & Organic report’s findings, two in three shoppers consider organic/natural products to be expensive. This fact is not surprising bearing in mind the adverse, long-standing economical climate. However, the finding that around one in three shoppers believe that organic/natural products are beneficial for themselves or the environment and many don’t even believe the label is the area where the potential of effective addressing shoppers’ doubts and confidence lies. (more…)
The M&A scene has become increasingly fickle. Evolving priorities, global market trends, and industry threats and opportunities can change on a dime, leaving growth-driven companies scrambling to align their strategy with the latest developments.
With companies accruing hordes of cash in the wake of the market crash, private equity continuing to raise more money, and companies scratching at every opportunity to gain a competitive advantage, most companies approach M&A candidates with an immediate need to strike a deal while the iron is hot. Read more