In his presentation during in-cosmetics Global, Nicolas Matic, Director of Kline’s market research, provided an overview of the global skin care ingredients and specialty actives market and focused on the type of ingredients and formulation technologies currently driving growth. Additionally, he examined the skin care market trends from the end side of the business.
The speaker began with the latest trends for cosmetic products.
Latest trends in skin care
First data: personal care market is a growing market in the world.
Main characteristics of the personal care industry
• Global sales in the range of USD 400-450 billion at retail
• Expected to grow at a CAGR of 3.5% to 4.5% until 2020
• Regulations affecting usage of ingredients
• Low capital intensive base and high return on capital
• Can weather recession better than most industries
Top 10 Beauty trends of 2016
• The makeup-free movement
• Male makeup movement
• The bold and the beautiful
• Beauty more accessible than ever
• Investments make the industry thrive
• Consolidations continue
• Collaborative beauty
• Natural waving across categories
• All that glitters and shines
• Digital personalization
Anti-aging: key growth engine
Anti-aging is the single largest product type in the global personal care market, as well as key growth engine for the entire industry.
Skin care and hair care share equally half of the market, followed by toiletries, makeup, fragrances and oral care.
In the skin care category, facial treatments represent 2/3 in market share, followed by hand and body lotions, sun …
