OCTOBER: A RUNDOWN OF ALL YOU NEED TO KNOW
Insight to LactoSporin for anti-acne and anti-ageing benefits in cosmetics
The cosmetic industry is continuously evolving with new and improved ingredients. In March 2019, LactoSporin was introduced by Sabinsa. This raw material is a cosmeceutical product that has antioxidant, anti-inflammatory and anti collagenase properties. Sabinsa’s LactoSporin is protected with 12 patents globally, including countries in the USA, Europe, Japan, South Korea, Australia, New Zealand, Russia and China.
Beauty ballot: Making time for the election
With the US election day looming, Cosmetics and Personal care industry leaders have pushed their workers and team to vote. Actively encouraging and setting aside time for massive companies like The Estee Lauder companies, Loreal, P&G, Revlon, Unilever and Mary Kay to pledge civic engagement is crucial before the 3rd November 2020 Election Day. Especially during our current political climate and the unconventional postal voting method brought by the pandemic.
Clean beauty: With the rising consumer demands
Without a doubt, consumer awareness of sustainable beauty and personal care practices are increasing. Consequently, numerous cosmetics brands are moving towards clean beauty and personal care products. This consist of businesses associating with suppliers that have an environmentally friendly profile, using raw materials that have been produced ethically or considering packaging that is biodegradable. Although it is rising trendy to include clean beauty products, there are still countries that have yet to board on the sustainability train such as many countries in the Asia Pacific region. It is an untapped market which more businesses should potentially look into as the consumer demands change.
Covid and the fall of the French SMEs
With the global effects of the pandemic, a lot of SMEs have been put into a vulnerable state in regards to their efforts to stay afloat and to grow their businesses. The French Federation for beauty Companies has predicted for the industry to return to its pre-crisis status by 2022. But the question is if they can survive till the return to normalcy. Covid-19 has negatively impacted the turnover of more than 80% of the French cosmetic SMEs, with only the minority of 7% actually seeing growth.
Latest personal care ingredient launch of 2020
Even with all the challenges that 2020 brought us, the beauty industry has been successful at introducing newer and more sophisticated raw material ingredients. Some of which are silicone alternatives such as Citropol HA which acts as a moisturizing ingredient for skincare, haircare and colour cosmetics. Moreover, we have menopause skincare trending as the concern for anti-ageing fades away with people keener to ageing healthily. This shift has brought a new ingredient to the market called Feminage which is clinically substantiated to preserve fibroblast vitality against glycation and oxidation. So despite all the horrific news we hear on a day to day basis, there are still progress and innovation happening is different sectors of our global community.
Loreal launching plastic bottle made of captured carbon by 2024
Loreal partnered with Total and LanzaTech to achieve their sustainable packaging made by polyethene from captures and recycle carbon emissions. They believe it to be a “breakthrough technology” which they aim to use in shampoo and conditioner bottles by 2024. Loreal’s sustainable solution will hopefully help the beauty industry to greatly decrease their footprint in packaging.
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