cosmetics trends dec'10

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Cosmetics Trends


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Table of Contents

1. Industry Developments

1.1 The Next big thing 'Nanotechnology' Enters Skincare Realm1.2 Growing Demand for Organic Cosmetic Products1.3 Male Grooming: An Emerging Sector1.4 Cosmetic Surgery: A Boom in International Market

2. Country Developments

2.1 US

2.2 India2.3 Europe2.4 China2.5 Australia2.6 Taiwan2.7 Canada2.8 Srilanka2.9 Korea2.10 UK2.11 Thailand2.12 New Zealand


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Industry Developments

Nano particles are increasingly being used to

enhance cosmetics, especially sun care and anti-aging products but debate over their safety stillcontinues. Almost, US$ 9 Billion is spent annually onglobal R&D investments. In view of the fact, that anincreasing number of companies are manufacturingproducts containing nanoparticles, regulatory bodiesare developing new regulatory science to address thegrowth of nanotechnology in cosmetics. So, thepersonal care industry is doing research in this fieldand designing new products which promise betterresults. Research institutes are also doing

independent research in this field and coming up withnew results about their applications. There is a hugepotential in this segment and sustained growth can beanticipated in coming years.

The Next big thing

'Nanotechnology' Enters

Skincare Realm

Today, people are becoming more and moreconscious about the chemicals and their harmfuleffects in the cosmetics. So, they are now morecautious before purchasing the products. Cosmeticindustry is very much aware of this trend and hence,they are launching organic cosmetic products, whichdo not contain chemicals and have no side effects. Anew concept of 'Herbal Medicine' is paving its way tothe skin care industry. Investors are also targeting thenatural personal care industry. Players are globallyexploring the markets to tap the hidden growthpotential. Regulatory bodies are also leaving no stoneupturned, to make sure that harmful chemicals do notmake their way into the cosmetics and affect theconsumers. It ensures that consumers have fullknowledge about the ingredients of products andhence focusing on labeling. These types of activitieswill impact the small scale industries, which mayhave to change their manufacturing style to meet theguidelines issued.

Growing Demand for

Organic Cosmetic

Products


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Gone are the days when cosmetics were solelyfor women. In this new millennium, more and moremen are becoming concerned about their looks andappearances. Driving the market is the emergence ofa new male stereotype, the Metro sexual male who ismore conscious about his physical appearance and

spending huge amounts of money to improve hislooks. The global male skin care market was onlyworth about US$ 193 Million at the end of 2009, but isgrowing at about 16% annually. The cosmetic industryis utilizing this paradigm shift and launching newproducts exclusively for men. They are targeting menoff all age groups from teenagers to professionals fortheir marketing. Improving skin appearance seems tobe a key concern for men. Cosmetic market iswitnessing the inclusion of beauty products for menskin care. Cosmetic companies including big playersare adding skin care products to their portfolio. Hair

re-growth and styling products are also making theirway into the market.

Male Grooming: An

Emerging Sector

Cosmetic Surgery: A Boom

in International Market

Developments in the field of surgery haveincreased the scope of cosmetic surgery in moderntimes. Historic records suggest that, the field ofcosmetic surgery has been highly benefited by thesignificant contributions made by various surgicalspecialties.

With the increasing participation of non-traditionalcosmetic surgeons,

In addition, an increase in participation of non-traditional cosmetic surgeons in the field of cosmeticsurgery has directed the future of aesthetic market ona positive track. Now, more and more non-traditionalsurgeons are incorporating aesthetic procedures intotheir practices.

Cosmetic surgery is more popular in theinternational markets as people in these countries are

more concerned about their looks. Cosmetic surgeryprogrammes by media has helped to fuel a boom inthe cosmetic surgery. Moreover, it is estimated thatcosmetic surgery market will surpass US$ 3 Billionmark by 2017. It is also expected that facial filters willbe increasingly used in therapeutic procedures forcosmetic surgery.

This is also good news for medical tourismproviders. Low cost of cosmetic surgery abroad willexpand the market by providing a solution for those

who could not otherwise afford treatment.


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US

FDA bans 5 cosmetic products from Japan, Taiwan

September 13, 2010, The Food and Drug Administration(FDA) has banned at least 5 cosmetic products from Japan andTaiwan for having high mercury content. These products were

imminently injurious and unsafe to consumers.Source: abs-cbn

FDA Seeks to Regulate Cosmetics

July 24, 2010, Representatives Jan Schakowsky hasintroduced a bill 'the Safe Cosmetics Act of 2010' calling fortighter regulation of the chemicals used in makeup and other

personal care products, citing concern over possible

carcinogens and other toxic ingredients in cosmetics.Source: medpage today

Whole Foods Market Demanding Certified

Personal Care Products

July 08, 2010, Whole Foods Market, the world's largestretailer of natural and organic products is requiring third-partycertification on all personal care products and cosmetics making'organic' claims sold in the US. Whole Foods Market isimplementing new companywide standards to ensure thatclaims on product labels are accurate.Source: organicmonitor

Country Developments

Russia

Moscow to host conference CosmeLogic 2010 in

September

May 17, 2010, On 23 September 2010, Moscow will hostthe 5th annual Russia's conference CosmeLogic 2010. Issues

like impact of state regulatory authorities on the Russia'sperfumery and cosmetic market, expected amendments to theRussia's legislation, and customs regulation of the industry, willbe discussed at the conference.Source: Paid Database

New Zealand

New Zealand updates cosmetics regulations

November 11, 2010, Environmental Risk ManagementAuthority (ERMA) has approved amendments to the CosmeticProducts Group Standard, which regulates cosmetics industry inNew Zealand. It requires companies to include additionalwarnings on packaging for a few categories.Source: ERMAN

Thailand

Bogus cosmetics, foods face crackdown

November 2, 2010, The Ministry of Public Health(Thailand) have announced its plans, along with othergovernment agencies, to crack down on counterfeit cosmetic

products, which creates health hazards and major losses to theeconomy, reporting a figure of 74 such cases during the first 10months of 2010 with an estimated loss of Bt65.47 Million to theindustry.Source: The Nation


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India

Government to tighten the noose around

cosmetic industry

November 19, 2010, The Health and Family WelfareMinistry of India has decided to amend "Drugs and CosmeticsRules, 1945" to check the sale of substandard and counterfeitforeign products. No cosmetics can now be imported into thecountry without registration under the rules defined by licensingauthority appointed by the central government.

Source: Merinews

DGCI says cosmetics importers must register

October 18, 2010, National health regulator DrugController General of India has made registration compulsory forfirms importing cosmetics into the country. The regulator hasalso issued new guidelines for importing cosmetic goods in thecountry.Source: Pharmabiz

Fairtrade cosmetics making headway in India

August 28, 2010, With local cosmetics companies seekingto obtain 'fairtrade' certifications for their products, Fairtradecosmetics are beginning to make headway in India.Source: Times Of India

Europe

EU Commission and China extend cooperation on

cosmetics and medical devices

November 18, 2010, The European Commission and theGeneral Administration of Quality Supervision, Inspection andQuarantine of the People's Republic of China (AQSIQ) haveextended a Memorandum of Understanding covering cosmeticsand medical devices, first signed in 2006. It includes exchangeof scientific, technical, and regulatory information.

Source: Chemical Watch

New Cosmetic Regulations for EU

October 21, 2010, The EU regulation governing cosmeticproducts has made changes to regulations, which includes acomplete ban on animal testing and introduced a glossary ofterms for common cosmetic ingredients to standardizeingredient statements on cosmetic products.Source: Insidecosmeceuticals

Big rise in demand for airless packaging in

cosmetics

September 16, 2010,According to Airless PackagingAssociation (ASA), airless packaging has become one of thefastest growing segments in the cosmetics packaging industry interms of efficiency and design.Source: Cosmetic Design

European Commission opens dialogue on nano

definition

July 20, 2010, The European Commission is requestingcomments on what constitutes a nanomaterial, in an attempt tocreate a clear definition that can be used for regulation of

cosmetic industries using nanoparticles in their productsformulations.Source: SCENIHR


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Australia

Australian Certified Organic Receives

Certification for Organic Cosmetics in Japan

November 19, 2010, Australia's largest certifier, AustralianCertified Organic (ACO), has arrived at an agreement withJapanese Organic Cosmetic Organization (JOCO), which will

enable it to use JOCO branding without additional certifications.This will give Australian exporters a competitive edge whileexporting to the Japanese markets.Source: SpecialChem

Australian industry proposes nanomaterials

labeling

September 21, 2010,Accord, Australia and New Zealand'scosmetics association is calling on the government of Australiato amend laws relating to sunscreen and cosmetic products sothat companies are required to indicate the presence ofnanomaterials.Source: premium beauty news

Clamp on child cosmetic surgery

August 15, 2010, CHILDREN seeking cosmetic surgerywould face mandatory psychological examinations and a three-month cooling-off period as part of a plan to tighten controls onthe cosmetic surgery industry. A ban on cosmetic clinics offeringincentives such as gifts, discounts or loans has also been

proposed from the Australian Health Ministers' Advisory Council.Source: Paid Database

China

Ministry tightens checks on plastic surgery

November 29, 2010, The Ministry of Health has called onvarious health agencies nationwide to supervise country'scosmetology industry and to check claims made by variousclinics following death of two people during cosmetic

procedures.Source: China Daily

Cosmetics products not 100% organic: CF

November 27, 2010, Eight companies selling makeupproducts failed tests conducted by the Consumers Foundation(CF). The companies claimed their products to be organic butfailed to provide data regarding what percentage of their

products are actually organic.Source: China Post

China: registration of cosmetics resumed

November 16, 2010, The State Food and DrugAdministration (SFDA) have approved twenty registration

applications for import of cosmetic products into China. Theregistration process was suspended since April 2010 followingchanges in regulatory framework.Source: Premium beauty news

Most cosmetics online violate health standards

November 9, 2010, Taipei City Department of Health(DOH) has announced that a good 86% of cosmetics and drugssold online are illegal and violate health standards. Several

products were found to be tweaked with drugs and sellers werefined NT$30,000 in total.Source: China Post

Taiwan

Officials to test BB cream to ally consumers'

concerns

October 19, 2010, Public health offices have gatheredsamples of blemish balm cream, commonly known as BBcream being sold in Taiwan stores to determine whether these

products contain fluorescent dyes.Source: Chinapost


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Canada

Canadian Government Ceases Distribution of

Brazilian Blowout

October 8, 2010, Health Canada has stoppeddistribution of Brazilian blowout products as these containshigh formaldehyde % violating the normal standard of 0.2%. Italso received complaints of burning eyes, nose, and throatwhile, using and the solution can cause cancer if inhaled forlong time.Source: 680News

UK

Warning over licensing of beauty salons in the

Barnet

October 25, 2010, Barnet Council officers has told that alltreatments in a beauty salon must be covered by a licence,including sun beds, tattooing, ear piercing, manicures, andelectrolysis. Any practitioner offering hair removal or lasertreatment is required to apply for a licence from the councilinstead of the Quality Care Commission.

Source: Times-series

Botox register regulates risks

October 21, 2010, Independent Healthcare AdvisoryService (IHAS) has found that under-trained practitioners arecarrying out Botox treatment, which is used as Skin Rejuvenator.The advisory body has decided to tighten the rules for under-trained practitioners for preventing any mishap.Source: ResponseSource

Srilanka

Drugs authority warning on 'illegal cosmetics'

October 9, 2010, The Cosmetic Devices and DrugsRegulatory Authority has warned the public of harmfulunregulated Chinese cosmetics and devices that are circulatingin the market. Officials have urged consumers to carefullyexamine the product labels to avoid being harmed by them asmost of these products bear Chinese lettering, which makes itdifficult for consumers to identify the content of the product oreven its expiry date.Source: The Nation newspaper

KoreaSeoul to support cosmetic industry

November 17, 2010, With implementation of Korea-European Union Free Trade Agreement (FTA) nearing upon, thegovernment has decided to create a "Skin Information Bank" toincrease competitiveness of local cosmetic industry. It will

provide information helpful for research and to create productsfor international customers.Source: ISRIA

Moisturizers Pulled from Shelves over Steroid

Content

November 1, 2010, The Korea Food and DrugAdministration found steroids in skincare products sold bydomestic cosmetics companies. The administration recalled fourmoisturizers manufactured by three firms, including JangsCosmetic and Dives, and suspended their businesses for oneyear.Source: The Chosunilbo site


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About the Company

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments.Our professionals study and analyze the industry and its various components, with comprehensive study of thechanging market behavior. We provide corporations with an insight of the 'industry and market' necessary tocompete in today's business environment. Additionally, our team focuses on the cause and effect relationshipbetween federal and state regulations and the industries affected by regulation.

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sectors. We assist in back-end research and data gathering processes. Our accuracy and data precisionproves beneficial in terms of pricing and time management that assist the consultants in meeting theirobjectives in a cost-effective and timely manner.


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cosmetics trends dec'10

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