Sep 29 2010
Increasing acceptance of organic and herbal-based cosmetic products will drive the cosmetics industry in near future, RNCOS identified.
According to our latest industry monitory report “Cosmetics Trends”, nano particles are nowadays increasingly being used (especially sun care and anti-aging segments) to enhance cosmetics products quality and efficiency. In view of the fact, that an increasing number of companies are manufacturing products containing nano particles, regulatory bodies are developing new regulations to address the growth of nanotechnology in cosmetics. So, personal care industry and some independent research institutes are doing research in this field to come up with new results and applications.
Moreover, at present cosmetics industry is focusing on launching organic cosmetic products because people are now becoming more and more conscious about the chemicals and their harmful effects in the cosmetics. In addition, a new concept of ‘Herbal Medicine’ is paving its way to the skin care industry. Players are globally exploring the markets to tap the hidden growth potential. Regulatory bodies are also ensuring that consumers have full knowledge about the ingredients of products and hence focusing on labeling.
For instance, The Food and Drug Administration (FDA) (USA) plans to issue the first new regulations for sunscreen in October 2010. The proposed changes, may implement new testing and labeling practices to clear up the confusion over the reliability of the sun protection factor (SPF), and whether products actually do what they advertise.
Our report has also evaluated the emerging male grooming segment as more and more men are becoming concerned about their looks and appearances. The cosmetic industry is utilizing this paradigm shift and launching new products exclusively for men. As a result, the global male skin care market which was only worth about US$ 193 Million in 2009 is now growing at a substantial rate of about 16% annually.
“Cosmetics Trends” apart from providing a deep insight into the Cosmetics industry, has discussed various strategies adopted by the governments of many countries that will propel the future growth of this industry.
Source: http://www.rncos.com/