Global Cosmetic Industry

😎💯“Consumers no longer want to choose between #sun protection and #skincare, and they demand ethical, sustainable and inclusive products,” says Margaret Sullivan, technical service scientist at Arcaea. “In the United States, limited #UV filters are available to formulate effective sunscreens, making it difficult for brands to satisfy these consumer needs. While the trend toward improving aesthetics and reducing white-cast has led to a rise in the incorporation of #SPF boosting technologies, it is now followed by growing criticism from consumers, questioning the safety profile and misleading ‘mineral-only’ claims of products loaded with additives that are technically chemical filters.” ➡️This month we talk about the latest #suncare trends, including: 🌞#regulations with Sundeep Gill, PharmD, co-founder of Sun Deep Inc. 🌞multi-benefit sun care with Roni Rot, CEO of JOJOBA DESERT, Toussaint Jordan, MS, marketing manager, Solabia USA, Inc. and Applechem - A Solabia Group Company, and Jennifer King, director of marketing, cosmetic ingredients NA, Symrise Cosmetic Ingredients / Symrise AG 🌞consumers' shifting mineral sunscreen preferences with Jeroen van den Bosch, managing director, Uviva Technologies 🌞#SPF boosters with Sue Sender, director of marketing, Micro Powders, Inc. ➡️Get the full trend report here: https://lnkd.in/gfnmnH4V 📷Sydney Sang at Pexels

UPDATE: A flat mass sector and rising competition for prestige beauty dollars are having an impact on Ulta. During an analyst call, Ulta CEO Dave Kimbell noted, "[C]ompetitive intensity in the beauty category remains high. As we have shared previously, the strength of the beauty category, combined with an attractive margin profile, has drawn substantial and diverse competition to the category. Today, there are significantly more places to buy beauty, especially prestige beauty, with more than 1,000 new points of distribution opened in the last three years." Kimbell added, "[W]e often see a short-term impact of new distribution points on an existing nearby store, whether it's a competitor opening or a new Ulta Beauty store. What is unique about the current environment is the scale and pace of change. More than 80% of our stores have been impacted by one or more competitive opening in recent years, with more than half impacted by multiple competitive openings. This significant portion of our store fleet is experiencing a prolonged sales impact."

"We decided to move beyond DTC to expand our reach, allowing us to integrate our core values of high-performance formulas, beautiful fragrances and environmental responsibility into a physical retail environment," says Cynthia K Sakai, evolvetogether's founder and CEO. "By transitioning into physical retail spaces, we’re offering customers a tangible experience of our high-quality products—where they can smell, touch and feel our products before making a purchase, embodying the personal connection and care that our brand stands for. This approach not only broadens our audience but also enhances the consumer experience by providing direct, personal, and tactile engagement with our products." "The partnership with Evolvetogether is such a natural fit for Bluemercury as the brand embodies what our client is seeking by offering a full suite of high performing, sustainable luxury products that are easy to weave into one's daily routine," says Tracy Kline, Bluemercury's head of merchandising and spa. "From their thoughtful origins to their values and sleek esthetic, we can't wait to share this assortment with our consumers in store and online."

Ulta Beauty has a comparable store sales challenge; competition from Sephora x Kohl's and other channels are creating pressure, along with a flat mass beauty sector in the US. That said, sales were up in Q2, with new stores providing a boost in dollars and foot traffic, per a recent analysis. We'll have more on this story as we parse the analyst call details. More to come!

🛍️New Zealand's PURE MAMA Skincare has landed in America via Erewhon, while Lottie London has expanded its CVS Health presence and OCOA - Curly Hair Care has landed at Urban Outfitters. We have the full breakdown in our latest #beauty #retail report: https://lnkd.in/guvSbSGH 📷Jerome at Adobe Stock

#Biotech is great, but the innovation costs can be prohibitive. Debut's new contract manufacturing platform, BiotechXBeautyLabs, is designed to overcome that hurdle, democratizing emerging high-efficacy ingredients for brands of every size.

📷Perricone MD has appointed actress Jennie Garth as its brand ambassador. "We are honored to welcome Jennie Garth as Perricone MD's strategic brand ambassador," says Robert Koerner, president of Perricone MD. "Jennie's lifestyle and interests perfectly embody the Perricone MD holistic, Three-Tier Philosophy for healthy #aging. She has been an active consumer of the brand for the past twenty years, making her the perfect partner to help us communicate our core belief that true beauty is radiant health. And Jennie has not only the trust from her community, who turn to her for authentic product recommendations and advice, she has a natural connection with our core 50+ consumer target." "Since discovering Dr. Perricone in the '90s as a pioneer in healthy aging, I've counted on Perricone MD throughout my #skincare journey," says Garth. "As a strong advocate for healthy aging and self-care, Perricone MD's approach to celebrating women being comfortable in their skin deeply resonates with me. I choose Perricone MD because they invest in powerful ingredients, cutting-edge research, and extensive efficacy testing to ensure exceptional results, which I have personally experienced. I'm eager to see where this partnership takes us and to share all the exciting developments that are on the horizon."

Last year, Bloomberg, quoting Morgan Stanley research, reported that #Amazon was on track to overtake #Walmart as the top U.S. #beauty retailer by #2025, encompassing a projected 14.5% of the market. Now comes news that Walmart is adding a Premium Beauty section to its Marketplace platform. We have the full breakdown of the brands and platform details...

⚠️55% percent of the 4,000-plus U.S. female beauty buyers surveyed in a nationwide study say they are more mentally stressed now than they were five years ago, with 18% saying their stress level is similar to what it was then. 💪🏽At the same time, 89% say the importance they place on achieving a positive state of both physical and emotional well-being has increased during the past five years, with 99% agreeing that their mental well-being and physical health are connected. ➡️Results from The Benchmarking Company's latest study reveal the issues buyers are facing, and the beauty-meets-wellness solutions those #GenZ and older are looking to the #beauty and #personalcare industry to offer. Let's get to the data: https://lnkd.in/g6RpfASh IMAGE: Halfpoint at Adobe Stock

📷Maybelline New York x Shay Mitchell. Mitchell is the brand's newest global brand ambassador and will be featured in upcoming product and brand campaigns, including "lending her voice" to two new product launches. 💄"At Maybelline New York, we believe in the power of expressing your authentic self. Shay Mitchell embodies this value with a unique balance of strength and fun," says Trisha Ayyagari, global brand president, Maybelline New York. "As an actress, entrepreneur and mom, Shay Mitchell is carving out a path in the world this is truly her own–she inspires us all to take on new adventures and embrace our individuality. We are beyond thrilled to welcome her to the Maybelline family." 💄"I am thrilled to be joining the Maybelline family," says Mitchell. "As a brand that has always valued self-expression and individuality, it is an honor to be a part of their story.