In-Cosmetics In Brief
This article was originally published in The Rose Sheet
Executive Summary
"Game changer" needed for industry growth: The personal-care market needs a "game changer" to pull itself out of the current recession, Kline Industry Manager Anna Ibbotson asserted during an April 13 session of the in-cosmetics conference and trade show in Paris entitled "Impact of Recessions on the C&T Market." "We need something to actually kick-start growth in the industry," she said, comparing the current recession to the recession of the early 1990s when innovations in the skin-care market and its move into mass channels helped industry to overcome economic challenges. Nutricosmetics, home skin-care devices and natural products all have potential to make that kind of impact on today's market, Ibbotson suggested. She noted that natural personal-care products are "a lot more established," growing 19 percent in 2008 and expected to represent a $6 billion market by 2014. "2010, 2011 will be turbulent years, but overall, the natural personal-care market is here to stay," Ibbotson said