News & Analysis on Cosmetics Innovation
Although the booming Chinese market is considered to be the most lucrative for cosmetic manufacturers, some exhibiting at Cosmoprof Asia revealed that the Japanese, Singaporean, Southeast Asian and Hong Kong markets were more rewarding for them!
With a worldwide population of just over 2 billion people and a total spend that only represents a fraction of the global cosmetics market, the indications are that halal cosmetics have plenty of room for future growth.
South Korean cosmetics company AmorePacific has reported a decrease in Q3 profits as a result of poor overseas markets and investment and marketing activities for new products.
Italian pharmaceutical conglomerate Menarini is buying out an established derma-cosmetics product portfolio in an effort to strengthen its operations across various industries in India.