In recent years, more consumers have become intrigued by the ancient beauty rituals used in Africa, Asia, Native America and beyond. Here are five companies that created brands around this concept.
Markets like India, China, Africa and the Middle East offer a wealth of opportunities for growth in health and beauty, says the commercial director of GlobalData.
The cosmetics industry is seeing a rising appetite for traditional oils that have been used for centuries by Africa’s indigenous people as the demand for new, powerful, and efficacious natural ingredients booms.
African-Beauty will soar in the coming months and years, as the diverse and ancient rituals and ingredients across the region draw in consumer curiosity, says WGSN’s head of beauty.
Beauty markets around the world are sharply focused on sustainability, with substantiated claims, smart lifecycle analysis and closer-to-home sourcing some of the top priorities.
Beauty giant L’Oréal is investing again in the scientific community in Sub-Saharan Africa, with 14 scientists having just been awarded as part of its Women in Science programme.
India-based consumer goods and cosmetics player Dabur has just sealed a deal to buy a small South African cosmetics player, paving the way to huge growth potential across the African continent.
The beauty industry in South Africa is gearing up for regulatory changes following a proposal recently put forward by the government for public scrutiny.
Global beauty player L’Oréal’s new Research & Innovation centre is now open for business, bringing its global R&D network to Sub-Saharan Africa for the first time.
Alban Muller has launched a new anti-ageing ingredient with a formula that is based on raw materials sourced from Africa, hitting the big trend in natural anti-ageing formulations.
The rise of the African middle class is key to higher consumer spend for fast moving consumer goods, and L’Oreal’s designs on the continent are all about this.
Next month will see the annual RSPO European Roundtable and give manufacturers and suppliers a chance to find out how the move towards sustainable palm oil is progressing.
The world’s biggest cosmetics player has made no secret that it sees Africa as its biggest potential growth market moving forward, and a new R&D facility in Johannesburg reflects that optimism.
Godrej Consumer Products is looking to build its home and personal care business in Africa by entering into an agreement with Kenya-based supplier Canon Chemicals for the acquisition of a majority equity stake in its business in the country.
Unilever has sold five of its ethnic hair care and men’s grooming brands to US-based Strength of Nature as it believes they will better realise their potential; but maintains that the market remains in its sights.
Unilever has opened a new KES155 million (€1.3 million) factory in Kenya which will be focused on the production of its Vaseline products, as it looks to meet the growing demands in the region for quality skin care products.
Cosmetics maker L’Oréal has its eyes set on cracking the African market having signed a production and distribution partnership for the Ivory Coast, with specialised distributor CFAO.
Cosmetics giant L’Oréal is eyeing up fast-growing economies such as Rwanda and Ghana as the European markets are reported to be experiencing shrinking revenues.
As global cosmetic brands rush to tailor products to meet consumers’ needs in Africa; Datamonitor Consumer says there is an emerging audience that cosmetics firms should pay attention to – black African men.
A shea-based cosmetics exhibition, the first of its kind for Africa, has focused on stimulating new ideas, promoting the best steps to move the sector forward and encouraging economic growth across the continent.
Symrise is strengthening its presence in the fast-growing West African with a new location in Lagos, Nigeria which will cover the Scent & Care and Flavour & Nutrition segments.
A new study in the Cell Press journal says that the growing demand for vegetable oil, which has already led to the conversion of Southeast Asian forest into oil palm plantations, is causing serious environmental damage and needs to be acted upon now.
The South African colour cosmetics market is forecast to be worth £90.3 million in 2014 says market researcher Mintel; and a new report from fellow firm Euromonitor International confirms that this all thanks to the country’s riding middle class.
After expanding some of its brands in Africa earlier in the year, the high-end beauty giant has now discovered another market for its MAC brand, which will see new stores in Botswana and Zambia by 2014.
According to the market researcher, sub-Saharan Africa now holds significant potential for cosmetic companies looking for new growth opportunities as the market is estimated to reach US$1,134 billion (€849.69 million) by 2020.
Arizona Chemical and IMCD Group have announced an agreement to further expand their distribution partnership for Arizona’s refinery product lines into Africa.
Dutch chemical distributor is looking to expand its presence in the North African personal care market by opening a new distribution centre in Tunisia.
Oriflame Cosmetics is expanding its operations into East Africa by acquiring its businesses in Kenya, Tanzania and Uganda previously run by a franchisee.
Growing economic prosperity and a cultural propensity for sophisticated hair styling regimes is likely to drive strong growth in this category for the Sub-Saharan Africa region.
Univar will be opening offices in North Africa as part of its attempt to grow its personal care, and household & industrial cleaning businesses in the region.
The failure of the Tanzanian regulatory authorities to curb the
spread of harmful cosmetic products raises the issue of Africa's
suitability as an export market.