Report: Anti-aging skin care sales soar
CHICAGO Women’s quest for youthful looking skin catapulted anti-aging sales in 2008 to more than $1.6 billion, surpassing — for the first time — facial cleansers, according to recent research by Mintel.
The market for anti-aging skin care has grown rapidly over the past couple of years, per Mintel. U.S. sales rose 13% from 2006 to 2008, outpacing general facial skin care sales, which grew less than 11%. Mintel expects the market to remain robust over the next five years, growing some 20% through 2013.
“Anti-aging won’t fall to the recession,” stated Kat Fay, senior beauty and personal care product analyst at Mintel. “Looking young is extremely important to many women, especially Baby Boomers, and it’s not an issue they’re willing to compromise on because of tightened budgets. Many women see anti-aging skin care as a reasonably priced investment in their appearance and well-being.”
Nature’s Gate launches new lotion
NEW YORK Nature’s Gate is launching for 2010 its new Glow Lotion, which moisturizes skin while gradually adding a hint of color for a natural looking glow.
The formula features dihydroxyacetone, a natural ingredient derived from sugar cane that won’t wash away with soap, water or sweat. The lotions are enriched with an exclusive blend of seven natural moisture boosters including sodium hyaluronate and vegetable glycerin. To protect the skin from signs of aging, the formula is infused with vitamin E and apricot kernel oil.
The Glow Lotion, available in light and medium shades, has a suggested retail price of $12.99 each. It is slated to hit stores in May.
Botanical actives consumption on the rise in personal care segment
LITTLE FALLS, N.J. Consumers’ desire for performance coupled with natural ingredients is boosting botanical actives consumption in the personal care segment, according to recent research by consulting and research firm Kline & Company.
According to the report, dubbed “Specialty Actives and Active Delivery Systems for Personal Care 2008: U.S. and Europe,” botanicals consumption is growing at 8%, outstripping growth of other specialty actives with average growth of 5.4%.
The market for specialty actives and delivery systems in North America and Europe is about $840 million, according to Kline, with specialty actives in the Europe market accounting for the lions’ share of the markets. Botanical actives are growing in share within the specialty actives segment in both the European and U.S. markets. “Labeled” actives are showing quick growth, at up to 20% a year.
“Today’s consumer wants not only natural products, but also performance,” stated Nikola Matic, senior analyst, chemicals and material industry at Kline. “These two requirements were regarded as contradictory a few years ago, but highly substantiated botanical products developed recently brought new solutions to formulators.”
In addition, as the populations within the United States and Europe age the anti-aging segment will see a boost in botanical consumption, Kline stated. In order to compete, botanical suppliers with existing formulations are promoting their products as more effective at lower levels when compared with, for example, vitamins, making the botanical actives comparable in price on a cost-performance basis.